In 2023, Egypt's nuts production stood at 21.0 thousand metric tons, showing a year-on-year decrease of 8.7%, with a Compound Annual Growth Rate (CAGR) over the last five years at -4.9%. The data reveals a persistent declining trend since 2014, with significant drops in 2015 (-11.63%) and 2017 (-22.22%). Although there was a marginal recovery in 2021 (1.05%), the overall downward trend resumed. From 2021 to 2023, the decline in production remained consistent, averaging a -4.9% CAGR. The forecast for 2024-2028 predicts a continued decrease, with an annual average decline at a CAGR of -5.75%, reaching 14.76 thousand metric tons by 2028, indicating an overall drop of 25.64% over five years.
Future trends to watch for:
- Impact of climate change on nut farming.
- Technological advancements in agriculture.
- Governmental policies affecting agriculture and crop decisions.
- Market demand shifts and pricing dynamics.
