The import of Virgin Olive Oil to Egypt experienced significant variations from 2013 to 2023. The value saw a peak in 2014 but dropped dramatically in 2016, signaling increased local production or decreased demand. Between 2018 and 2023, imports stabilized somewhat, though still on a general decline. By 2023, the value stood at $1.8229 million USD.
Year-on-year variations over the last two years show a decline of approximately 5% each year. From 2018 to 2023, the Compound Annual Growth Rate (CAGR) was around -6.47%, indicating a downward trend.
Future trends to watch for include potential shifts in global olive oil prices, changes in Egyptian consumption patterns, and any governmental policies affecting imports. Emerging technologies in agriculture and potential trade agreements could also play a significant role.
