Egypt's oil consumption has shown a steady increase, standing at 892.72 thousand barrels per day in 2024. This is projected to rise to 1050.0 thousand barrels per day by 2028. The year-on-year variation from 2024 to 2025 is approximately 5.9%, while the following years demonstrate a similar upward trend: 4.4% in 2026, 3.3% in 2027, and 2.9% in 2028. Over the last two years, from 2023 to 2024, this consistent growth pattern is evident. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 4.1%, indicating a robust increase in oil consumption year-by-year.
Future trends to watch for include the impact of new energy policies, shifts in consumer behavior towards alternative energy sources, and the potential influence of global oil market fluctuations. Additionally, economic growth and industrial expansion in Egypt will be critical in shaping oil consumption patterns in the coming years.
