The olive oil demand in Egypt showed stability at 8 thousand metric tons from 2014 to 2017. A significant increase emerged in 2018, reaching 24 thousand metric tons. The demand saw a slight dip in 2019, followed by fluctuations through 2023, where it stood at 25 thousand metric tons, recording a year-on-year increase of 4.17%. The recent five-year CAGR up to 2023 reflected a steady growth rate of 0.82%. Forecasts indicate a continuous growth trajectory, with demand increasing annually, reaching 30.72 thousand metric tons by 2028, indicating a forecasted 5-year CAGR of 3.22% and a cumulative growth rate of 17.16%.
Future trends to watch for:
- Potential impacts of economic policies on olive oil importation.
- Shifts in consumer preferences towards healthier cooking oils.
- Influence of local olive oil production in meeting the demand.
- Global olive oil supply chain conditions and price fluctuations.
