The demand for olives in Egypt has shown a steady increase from 2014 to 2023, growing from 0.526 million metric tons to 1.16 million metric tons. Notable growth years included 2015, 2016, and 2017, with year-on-year increases of 23.19%, 23.77%, and 24.56%, respectively. A minor decrease was observed in 2018. The last two years (2022 and 2023) exhibited a stable growth pattern, with year-on-year increases of 3.31% and 3.12%, respectively. The 5-year CAGR (2019-2023) stood at 3.44%, indicating moderate, consistent growth. A forecast for the next five years predicts a CAGR of 2.11%, suggesting a slight tapering of growth but continuing upward trends, potentially reaching 1.32 million metric tons by 2028.
Future trends to watch for include shifts in consumer preferences, the impact of economic conditions on purchasing power, and potential innovations in olive-related products and technology advancements in agriculture. Additionally, keeping an eye on the geopolitical landscape and trade policies will be crucial for understanding long-term demand dynamics.
