Forecast: Oil Crops Production in Egypt

Oil crops production in Egypt has shown a fluctuating yet generally upward trend from 2013 to 2023. As of 2023, the production stood at approximately 1.93 million metric tons. The data reflects significant spikes, particularly in 2017 with a notable 27.6% year-on-year increase, and a subsequent steady rise from 2018 onwards. Over the last two years, the production grew by 2.05% in 2022 and 1.97% in 2023. The last five years yielded a compound annual growth rate (CAGR) of 0.35%.

Looking ahead from 2024 to 2028, the forecasted production of oil crops in Egypt is expected to grow at an average annual rate (CAGR) of 1.51%, culminating in an estimated 2.121 million metric tons by 2028. Key areas to watch for future trends include technological advancements in agricultural practices, climatic conditions affecting crop yields, and potential shifts in domestic and international market demands.

Top Countries about Edible Oil