The vegetable oils market in Egypt has shown varied growth patterns from 2014 to 2023, with fluctuations in year-on-year growth rates. Ultimately, as of 2023, the market size volume stood at 662 thousand metric tons. Key observations include significant growth in 2018 by 17.66%, a slight dip in 2019, and relatively steady growth from 2020 onwards with average annual increases of around 1.69% in recent years. The 5-year CAGR (2019-2023) was relatively modest at 0.9%, indicating gradual expansion.
Looking ahead, from 2024 to 2028, the market is forecasted to grow more steadily with a 5-year CAGR of 1.16%, culminating in a total growth rate of 5.94% over this period.
Future trends to watch for:
- Potential impacts of economic and political shifts on agricultural outputs.
- Technological advancements in oil extraction and production efficiencies.
- Changing consumer preferences towards healthier vegetable oil options.
- Possible policy changes affecting import/export regulations on vegetable oils.
