The market size for raw sugar equivalent in Egypt has shown a steady increase from 2014 to 2023, reaching 2.49 million metric tons in 2023. The year-on-year growth has been modest, with a significant decline in 2018. However, the compound annual growth rate (CAGR) from 2014 to 2023 stands at 0.61%, indicating a steady but slight increase over the years.
Key trends from the data include:
- The highest year-on-year growth was in 2015 at 3.58%.
- The market slightly contracted in 2018, showing a -1.95% decrease.
- From 2018 onward, the market resumed positive growth but at a slower pace.
- By 2023, year-on-year variation stood at 0.48%, reflecting stability in the market.
Looking forward, the forecasted data suggests continued steady growth albeit at a slightly reduced CAGR of 0.35% over the next five years, reaching approximately 2.55 million metric tons in 2028. This projected growth rate of 1.76% over the five-year period indicates a mature market.
Future trends to watch for include potential impacts from agricultural policies, shifts in consumer behavior towards alternative sweeteners, and possible fluctuations in global sugar prices that could influence domestic market dynamics.
