The rice and products market in Egypt reached a volume of 4.55 million metric tons in 2023. Over the past decade, the market has experienced fluctuations with notable reductions, especially in 2018 when it dropped by 11.3%. Recent trends indicate a steady decline, with a year-on-year decrease of 0.68% from 2022 to 2023. The average annual decline over the last five years (2019-2023) showcases a marginal decrease of 0.048%. Projections indicate a continued decline, reaching 4.38 million metric tons by 2028, with a forecasted 5-year CAGR of -0.58%.
Future trends to watch for include emerging agricultural technologies, potential shifts in consumer preferences, and impacts of policy changes on rice production and imports. Additionally, climate change and water resource management could significantly influence future market dynamics.
