Newspaper Advertising - Egypt

Egypt

Highlights

Ad spending in the Newspaper Advertising market in Egypt is forecasted to reach US$14.17m in 2024.
The annual growth rate (CAGR 2024-2030) is anticipated to be -7.19%, leading to a projected market volume of US$9.05m by 2030.
With a projected market volume of US$5.03bn in 2024, the majority of revenue will be generated in Egypt.
The number of readers in the Newspaper Advertising market is expected to reach 0.0users by 2030.
The average ad spending per reader in the Newspaper Advertising market is estimated to be US$0.68 in 2024.
Egypt's newspaper advertising market is experiencing a shift towards digital platforms to reach tech-savvy audiences effectively.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Newspaper Advertising market in Egypt has witnessed significant developments and trends in recent years. Customer preferences, local special circumstances, and underlying macroeconomic factors have all played a role in shaping the market. Customer preferences in Egypt have shifted towards digital platforms, resulting in a decline in newspaper readership. With the rise of smartphones and internet penetration, consumers now have easy access to news and information online. This has led to a decrease in the demand for print newspapers and subsequently, a decline in newspaper advertising. Trends in the market indicate a shift towards digital advertising. Advertisers are recognizing the potential of reaching a larger audience through online platforms and are allocating more of their advertising budgets to digital channels. This trend is further fueled by the increasing popularity of social media platforms and the ability to target specific demographics with precision. Local special circumstances in Egypt have also influenced the development of the Newspaper Advertising market. The political and social unrest in the country in recent years has had an impact on the media landscape. Freedom of press has been restricted, leading to a decrease in independent journalism and a decline in the quality and credibility of newspapers. This has further eroded consumer trust in print media and contributed to the shift towards digital platforms. Underlying macroeconomic factors have also played a role in shaping the Newspaper Advertising market in Egypt. The country has been facing economic challenges, including high inflation rates and a depreciating currency. This has led to a decrease in consumer purchasing power and a decline in advertising spending. Advertisers are looking for more cost-effective ways to reach their target audience, and digital advertising offers a more affordable and measurable solution. In conclusion, the Newspaper Advertising market in Egypt has experienced significant changes due to customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards digital platforms, the decline in newspaper readership, and the economic challenges facing the country have all contributed to the changing landscape of the market. Advertisers and media companies need to adapt to these trends and find innovative ways to engage with consumers in the digital age.

Data coverage:

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

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.