The olive oil stock in Egypt exhibited notable fluctuations from 2014 to 2023. The stock initially showed an erratic pattern, peaking in 2017 with a substantial year-on-year increase of 100% but then plummeting drastically by 90% in 2018. After a period of marginal recovery and stability, it entered a downward trend from 2021 onward, culminating in a 20% decline by 2023, with the stock volume standing at 4.0 Thousand Metric Tons. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) indicated a significant average annual decrease of 14.87%.
Forecasts for 2024 to 2028 predict a continued decline, with a forecasted 50% reduction in olive oil stock by 2028 compared to 2023. The forecasted five-year CAGR is projected to be -12.94%, suggesting a consistent reduction over the next five years.
Future trends to watch for include potential impacts of climate change on olive cultivation, shifts in domestic and international demand, and policy changes regarding agricultural subsidies and imports. Monitoring these factors will be crucial for anticipating further variations in olive oil stocks in Egypt.
