The export volume of sunflowerseed oil in Egypt has seen considerable fluctuation from 2014 to 2023. In 2023, the volume stood at 23.0 thousand metric tons, with no year-on-year change or CAGR observed from the previous year. Between 2014 and 2018, significant variations included a notable increase in 2017 by 28%, followed by a sharp decline of 34.37% in 2018. The trend stabilizes somewhat afterward, with minor fluctuations leading to a slight year-on-year increase in 2021. The average variation per year over the last five years results in a CAGR of 1.84%.
From 2024 onwards, forecasted data anticipates a gradual decline in export volume, projecting it to fall to 21.86 thousand metric tons by 2028, showing a 0.75% annual decrease and an overall decline of 3.71% over the next five years.
Future Trends to Watch For
- Global market dynamics and their impact on Egypt's sunflowerseed oil trade.
- The influence of domestic agricultural policies and practices on production and export capacities.
- Potential shifts in demand from major importing countries, affecting Egypt's export volume.
- Economic conditions, including inflation and currency fluctuations, impacting export competitiveness.
