The groundnut oil market in Egypt reached a volume of 14,000 metric tons in 2023. Year-on-year variations significantly impacted this market historically, with notable fluctuations such as a 35% drop in 2018 and a peak growth of 18.75% in 2016. However, the last two years remained stable with no growth. Over the past five years, the compounded annual growth rate (CAGR) stood at 1.49%, indicating a steady trend. The forecast data for 2024 onwards suggests a downward trend with a predicted 5-year CAGR of -1.34% and an overall decrease of 6.51% by 2028.
Future trends to watch for include:
- Potential impacts of government policies on agricultural production and exports.
- Shifts in consumer preferences towards alternative edible oils.
- Possible technological advancements improving groundnut yields.