The beef meat market in Egypt stood at 1.11 million metric tons in 2023. From 2014 to 2023, the market exhibited fluctuating volumes with significant year-on-year variations. The market's CAGR from 2019 to 2023 was -0.29%, indicating a slight average annual decline over the past five years.
Historical trends:
- 2014-2015: Rapid growth of 16.4%
- 2016: Sharp decline of 11.12%
- 2018: Notable increase of 14.69%
- 2020: Decrease of 4.74%
- 2021-2022: Modest growth, maintaining around 0.36%-5.55%
- 2023: Minor growth of 0.27%
Future trends:
From 2024 to 2028, a slight but stable growth is expected, with a forecasted 5-year CAGR of 0.23%. The market is projected to reach 1.12 million metric tons by 2028. Key trends to watch include potential shifts in consumer preferences, import/export regulations, and any impacts from economic or agricultural policy changes.
