The Egyptian nuts market has experienced a steady decline from 47.0 thousand metric tons in 2014 to 33.0 thousand metric tons in 2023, representing a compounded annual growth rate (CAGR) of -2.78%. Year-on-year variations have shown fluctuations, with the latest being a -2.94% decrease in 2023. For instance, 2017 saw a significant drop of -19.05%, but there was a brief recovery in 2018 with an increase of 11.76%. Since then, the market has continued its downward trend.
Forecasts predict the market size will decline further to 29.0 thousand metric tons by 2028, at a forecasted 5-year CAGR of -1.95%, equating to a -9.38% total growth rate over the next five years.
Future trends to watch for include potential impacts of economic conditions on consumer purchasing power, changes in dietary habits favoring nuts consumption, trade policies affecting import and export volumes, and agricultural innovations that might affect nut production yields and costs.
