The demand for groundnut oil in Egypt is forecasted to slightly decrease from 2024 onwards. In 2023, the actual demand stood at 13.92 thousand metric tons. Thereafter, the projected values show a year-on-year decrease: -1.7% in 2024, -1.7% in 2025, -1.6% in 2026, -1.7% in 2027, and -1.7% in 2028. Over the last two years, there has been a cumulative decrease of 2.7%. The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is approximately -1.68%, indicating a consistent decline.
Future trends to watch for include shifts in dietary habits, changes in import-export regulations, and potential replacements by more cost-effective or healthier oil options. Additionally, fluctuations in global groundnut production and pricing might impact local demand dynamics in Egypt. Monitoring these factors will be crucial to anticipate future market movements.
