Based on historical data, Egypt's vegetable oils export volume has shown a general downward trend from 2014 to 2023, standing at 70 thousand metric tons in 2023. The year-on-year variation for 2023 was -6.67% with a five-year CAGR of -4.47%. Notably, there were substantial fluctuations, including -32.03% in 2015 and -21.43% in 2018. The trend over the last five years indicates a consistent decline. Future projections estimate a continued decrease with a forecasted CAGR of -6.33% until 2028, culminating in a 27.87% reduction over the next five years.
Future trends to watch for include:
- Changes in global vegetable oil demand and price dynamics.
- Agricultural policies and trade regulations in Egypt and globally.
- Technological advancements in oil extraction and processing.
- Climate change impacts on vegetable oil crop yields.
