The oilseeds processing industry in Egypt has shown significant growth over the past decade. In 2023, the sector stood at 3.5 million metric tons, achieving a year-on-year increase of 2.94%. This steady growth continued from 2021 and 2022, which saw respective increases of 3.26% and 3.07%. The compound annual growth rate (CAGR) over the past five years (2018-2023) was modest at 0.8%, indicating consistent albeit slow expansion.
Long-term trends reflect a significant initial fluctuation, notably a sharp drop in 2016 followed by a robust recovery in 2017 and 2018. More recently, growth has stabilized, with forecasts projecting the industry to grow to 3.97 million metric tons by 2028, reflecting a forecasted 5-year CAGR of 1.98%, and an overall 10.32% growth rate over this period.
Future trends to watch for:
- Technological advancements in processing methods that could boost efficiency.
- Government policies and potential subsidies that may impact production levels.
- Changes in global oilseed market dynamics and export opportunities.
- Environmental regulations and their effects on production practices.
