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Traders cite appliance sales drop after Iran conflict
The electrical appliances market in Egypt has experienced a decline in sales due to rising prices resulting from the war with Iran, along with a continuous and repeated increase in production costs since the beginning of the conflict. Despite the holiday season, the high prices led to a sudden increase in demand, driven by fears of future price hikes. However, traders expect prices to stabilize after Eid, with companies possibly offering discounts of up to 10% in the coming months. Weak purchasing power and the war's impact on costs have been among the main factors contributing to the current stagnation and the challenges facing the market.
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