Analysis of rice and products production in Egypt reveals a significant downward trend starting from a high of 5.47 million metric tons in 2014 to 2.86 million metric tons in 2023. Over the last two years, year-on-year variations show a shrinkage of 5.06% in 2022 and a further 5.27% in 2023. Over the last five years, the compound annual growth rate (CAGR) averages to -1.76%, indicating a steady decline in production output.
The forecasted data for 2024 to 2028 predicts a continued decrease, with production expected to drop to 2.03 million metric tons by 2028. The forecasted CAGR over the next five years is -5.42%, with an anticipated overall reduction of 24.33% from 2024 through 2028.
Future trends to watch for include potential impacts of climate change on crop yields, government policies affecting agricultural practices, and any advances in rice production technology that could potentially reverse the declining trend.
