From 2014 to 2023, Egypt's beef meat demand demonstrated an overall fluctuating pattern. Demand peaked in 2015 at 1.22 million metric tons and bottomed out in 2017 at 0.98 million metric tons. In recent years, from 2021 to 2023, there has been a slight upward trend, with 2023 seeing a modest growth of 0.27% year-on-year, standing at 1.11 million metric tons. However, the compound annual growth rate (CAGR) over the last five years was -0.3%, indicating a slight overall decline.
Looking forward, the forecast data suggests a stabilization of demand around 1.12 million metric tons by 2028, with a forecasted average annual growth rate of 0.22% and a total growth of 1.1% over the five-year period.
Future trends to watch for include potential impacts from economic fluctuations, changes in consumer preferences, and possible subsidies or regulations affecting beef production and consumption. Monitoring these factors will be crucial for understanding the longer-term demand dynamics in Egypt's beef market.
