In 2023, the soybean oil market size in Egypt stood at 370.0 thousand metric tons, reflecting a year-on-year increase of 2.78%. Over the last five years, the market demonstrated a compound annual growth rate (CAGR) of 1.29%. From 2014 to 2023, we observed notable fluctuations, with significant increases in 2015 (22.89%) and 2018 (42.21%). However, the market experienced declines such as in 2017 (-5.79%) and 2019 (-5.19%). The future trends forecast an average annual growth rate of 2.02%, expecting the market to reach 421.0 thousand metric tons by 2028, marking an overall five-year growth rate of 10.5%.
Future trends to watch for include technological advancements in agricultural practices, policy changes affecting import-export dynamics, and evolving dietary preferences towards plant-based oils that may drive market demand. Additionally, sustainability efforts and climate change impacts on soybean production should be closely monitored.
