The forecasted soybean oil supply in Egypt shows a year-on-year increase from 2024 through 2028. Specifically, the supply in 2024 is expected to be 841.0 thousand metric tons, rising to 851.0 thousand metric tons in 2025, 861.0 thousand metric tons in 2026, and continuing this trend through 2028, where it is projected to reach 881.0 thousand metric tons. This represents a steady growth rate annually with each year seeing an incremental increase of approximately 10 thousand metric tons.
Considering variations:
- Between 2024 and 2025, the supply is expected to increase by approximately 1.19%.
- Between 2025 and 2026, the supply is projected to grow by around 1.17%.
- Between 2026 and 2027, the increase is forecasted at about 1.16%.
- Between 2027 and 2028, the expected growth remains at roughly 1.15%.
To determine an average growth rate over the last five years, a CAGR of around 1.17% can be observed consistently.
Future trends to watch for:
- Potential impacts of climate change on soybean cultivation and availability.
- Price fluctuations and global demand dynamics for soybean oil.
- Technological advances in agricultural practices that could influence supply.
- Policy changes in Egypt related to agricultural imports and self-sufficiency goals.
