The raw animal fats market in Egypt has shown a pattern of volatility over the past decade. While the market saw significant fluctuations, with sharp drops in some years and rebounds in others, the volume has stabilized at 26 thousand metric tons for 2023, remaining consistent over recent years. The year-on-year variations have showcased periods of both positive and negative growth, notably with a -17.24% dip in 2017 and an 11.54% rise in 2015.
From 2020 to 2023, the market showed minor fluctuations, maintaining a steady state around the 26 thousand metric tons mark. The compound annual growth rate (CAGR) for the past five years leading up to 2023 is essentially flat, indicating no substantial growth or decline in volume.
Future trends to watch for:
- The forecast indicates a slight decrease in volume, with a CAGR of -0.08% from 2024 to 2028, which suggests the market could face minor contraction.- Factors such as changes in dietary habits, economic conditions, and alternative fat sources could impact market dynamics.- Monitoring policy changes and their effects on production and consumption might provide insights into market fluctuations.
