The demand for palm oil in Egypt exhibited significant fluctuations over the past decade. From a sharp decrease between 2014 and 2016, it then surged by 745% in 2017. Following a downturn in 2018, figures stabilized with minor year-on-year variations. As of 2023, the demand stood at 801 thousand metric tons, rising 3.89% from the previous year. The CAGR over the last 5 years shows a robust growth rate of 4.66%.
Looking ahead, the forecast predicts a steady increase, with a 5-year CAGR of 2.81%, and the palm oil demand in Egypt expected to grow by 14.88% by 2028. Trends to watch for include global price fluctuations, domestic policy changes impacting imports, and shifts towards sustainable alternatives which may influence demand dynamics.
