The sugar cane market in Egypt stood at 3.58 Million Metric Tons in 2023. From 2014 to 2023, the market demonstrated a gradual decline with an average Year-on-Year (YoY) variation of approximately -0.22%. The Compound Annual Growth Rate (CAGR) over the last five years (2018 to 2023) was around -0.37%. Key variations include a sharp drop of -3.77% in 2016, followed by a modest recovery of 2.22% in 2018. Forecasted data suggest a continued slight decline, with a forecasted 5-year CAGR of -0.19% from 2024 to 2028, projecting the market to decrease to 3.53 Million Metric Tons by 2028.
Future trends to watch for include potential impacts from climatic changes on crop yields, advancements in agricultural technology, shifts in domestic sugar demand and consumption patterns, and economic policies affecting farm subsidies and import tariffs.
