The olive oil market in Egypt experienced a consistent volume of 8.0 thousand metric tons from 2014 to 2017. A significant increase occurred in 2018, jumping to 24.0 thousand metric tons, followed by variability with a marginal decline to 19.95 thousand metric tons in 2020 and a subsequent rise to 25.0 thousand metric tons in 2023, which marked a 4.17% year-on-year increase and a Compound Annual Growth Rate (CAGR) of 0.82% over the past five years.
Looking ahead, the market is forecasted to grow steadily with the volume expected to reach 30.72 thousand metric tons by 2028, reflecting a 5-year CAGR of 3.22% and an overall growth rate of 17.16%.
Future trends to watch include:
- Increased consumer awareness and demand for healthy cooking oils
- Potential impacts of climate change on olive harvest yields
- Government policies promoting agricultural sustainability
- Technological advancements in olive oil production
