The demand for Raw Sugar Equivalent in Egypt has shown a steady increase from 2014 to 2023, growing from 2.89 million metric tons to 3.53 million metric tons. The year-on-year variation for 2023 is 0.97%, indicating a stabilization in growth. The compound annual growth rate (CAGR) over the last 5 years stands at 1.17%, suggesting a modest upward trend.
Notably, from 2014 to 2015, demand surged by 9.48%, while the period between 2018 to 2019 saw a slight decline of 2.4%, followed by a recovery. The historical CAGR from 2019 to 2023 has been 1.17%, reflecting consistent demand. Looking ahead from 2024 to 2028, the forecasted CAGR is 0.69%, with an overall growth rate of 3.48%.
Future trends to watch for include possible shifts in consumption patterns due to economic factors, changes in health-related policies influencing sugar intake, and potential effects of global sugar market dynamics. Monitoring these trends closely will be crucial for stakeholders aiming to navigate the evolving market landscape.
