The demand for vegetable oils in Egypt has shown significant fluctuations over the past decade. From a value of 1.1 Million Metric Tons in 2014, demand rose to 1.97 Million Metric Tons by 2023, depicting a diverse growth pattern. Key trends observed include a sharp dip in 2016 followed by a substantial surge in 2017, stabilizing between 2018 and 2023 with moderate annual growth rates. The year-on-year variations have ranged dramatically, peaking at 86.51% in 2017, with the recent two years showing more stable growth at around 3%. Over the last 5 years, the Compound Annual Growth Rate (CAGR) stands at 2.18%, forecasting a growth rate of 10.66% through 2028 at a forecasted 5-year CAGR of 2.05%.
Future trends to watch for:
- Continuing gradual increase in demand for vegetable oils, driven by population growth and changing dietary habits.
- Potential impacts of economic policies, subsidies, and regional agricultural conditions.
- Technological improvements in oil production and processing that may enhance supply efficiency.
