The forecast for soybean oil domestic consumption in Egypt from 2024 to 2028 shows a steady increase. The consumption in 2023 stood at 762.0 thousand metric tons. From 2023 to 2024, the year-on-year variation is approximately 1.3%. From 2024 to 2025, there's an expected increase of approximately 1.2%, followed by another increase of about 1.3% from 2025 to 2026. This growth trend continues with an increase of around 1.3% from 2026 to 2027 and about 1.1% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual increase of 1.2%.
Future trends to watch for in Egypt’s soybean oil market include the impact of economic factors such as inflation and income growth on consumer purchasing power, changes in dietary habits, potential shifts towards alternative oils, and government policies affecting agricultural production and import-export dynamics.
