Based on the data, the demand for bananas in Egypt demonstrates a slight decrease and stability over the years. In 2023, the volume stood at 1.31 million metric tons. The year-on-year variation shows minor fluctuations, notably a decline of 0.077% compared to 2022. An average CAGR of 0.17% over the past five years indicates a stable demand trend.
Key observations include:
- In 2015, a notable increase in demand occurred with a 4.96% rise from 2014.
- A significant decrease of 10.69% was observed in 2016.
- Demand recalibrated with an 11.48% increase in 2017.
- Slight fluctuations continued but remained relatively stable from 2019 to 2023.
The forecast for the upcoming years indicates a continued steady demand with minor variations and an overall average forecasted decline of 0.03% CAGR and a forecast 5-year growth rate of -0.15% by 2028.
Future trends to watch for include potential impacts of domestic agricultural policies, changes in consumer preferences, international trade dynamics, and climate conditions affecting banana production and supply chains.
