Egypt's virgin olive oil production has shown a steady increase from 2013 to 2023, reaching 37.56 thousand metric tons in 2023. The year-on-year variation highlighted notable growth periods, particularly in 2014 (+72.73%) and 2017 (+57.62%), while some years displayed minor declines or moderate increases. The average annual growth rate (CAGR) between 2018 and 2023 was 5.45%, demonstrating a stable upward trend.
Forecasts indicate continuous growth in production, reaching 45.57 thousand metric tons by 2028. The compound annual growth rate (CAGR) for the next five years is projected at 3.03%, marking a relatively consistent but slowing rate of increase compared to the past decade.
Future trends to watch for:
- Technological advancements in olive cultivation and oil extraction processes.
- The potential impacts of climate change on olive yield and quality.
- Shifts in global olive oil demand and potential export opportunities.
- Government policies and incentives supporting agricultural and production improvements.
