Magazine Advertising - Egypt

Egypt

Highlights

Ad spending in the Magazine Advertising market in Egypt is forecasted to reach US$8.10m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of -7.30%, leading to a projected market volume of US$5.14m by 2030.
With a projected market volume of US$4.58bn in 2024, the majority of revenue will be generated in Egypt.
In the Magazine Advertising market of Egypt, the number of readers is expected to reach 0.0users by 2030.
The average ad spending per reader in the Magazine Advertising market of Egypt is projected to be US$0.42 in 2024.
Egypt's Magazine Advertising market is experiencing a resurgence, with brands capitalizing on the country's growing consumer spending and expanding media landscape.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Magazine Advertising market in Egypt is experiencing significant growth and development.

Customer preferences: Egyptian consumers have shown a growing interest in magazines as a source of information and entertainment. With the rise of digital media, many people still enjoy the tangible experience of flipping through the pages of a magazine. Additionally, magazines offer a targeted and curated content experience, catering to specific interests and hobbies. This has made them a popular choice among consumers who are looking for in-depth and specialized content.

Trends in the market: One of the key trends in the Magazine Advertising market in Egypt is the shift towards digital advertising. As more people access information and entertainment through digital platforms, advertisers are recognizing the need to reach their target audience through online channels. This has led to an increase in digital advertising in magazines, with advertisers leveraging the power of social media and online platforms to engage with consumers. Another trend in the market is the diversification of magazine content. In order to appeal to a wider audience and stay relevant in a fast-changing media landscape, magazines in Egypt are expanding their content offerings. This includes covering a broader range of topics, incorporating interactive elements, and featuring more localized content. By diversifying their content, magazines are able to attract a larger and more diverse readership, which in turn attracts advertisers.

Local special circumstances: Egypt is a country with a rich cultural heritage and a vibrant arts and entertainment scene. This has created a unique environment for the Magazine Advertising market to thrive. Egyptian consumers have a strong appreciation for art, culture, and creativity, making them receptive to advertising messages that align with these values. Additionally, the growing middle class in Egypt has increased disposable incomes, allowing consumers to spend more on leisure activities such as reading magazines.

Underlying macroeconomic factors: The Magazine Advertising market in Egypt is benefiting from several macroeconomic factors. The country has experienced stable economic growth in recent years, which has resulted in increased consumer spending power. Additionally, the government has implemented economic reforms aimed at attracting foreign investment and stimulating economic growth. This has created a favorable business environment for advertisers and publishers in the magazine industry. In conclusion, the Magazine Advertising market in Egypt is experiencing growth and development due to customer preferences for tangible content, the shift towards digital advertising, the diversification of magazine content, local cultural circumstances, and favorable macroeconomic factors. These factors are driving the market forward and creating opportunities for advertisers and publishers to reach a wider audience in Egypt.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on magazine advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in physical magazine editions.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.