Vegetable oils production in Egypt has exhibited significant fluctuations over the past decade. The production value stood at 688 thousand metric tons in 2023, showing a modest year-on-year growth of 2.69%. From a broader perspective, the compound annual growth rate (CAGR) over the last five years was 0.77%, reflecting a stabilized upward trend post significant variability observed between 2014 to 2023.
The period from 2014 to 2023 saw notable volatility, with substantial dips in 2016 (-27.82%) and a peak growth in 2017 (55.81%). However, the industry witnessed stabilization with consistent growth from 2018 onwards. Such variances are indicative of an industry recuperating and finding equilibrium post challenges.
From 2024 onwards, the production is forecasted to continue its moderate growth, with a forecasted CAGR of 2.05% leading to a total rise of 10.69% over the next five years. This positions Egypt’s vegetable oil market for a steady rise, reflecting improvements in agricultural practices, technology adoption, and possibly more favorable economic conditions.
Future trends to watch for:
- Potential impact of new agricultural policies and investments in farming technology.
- Global market shifts affecting supply chains and export potentials.
- Climate change influences and their ramifications on crop yields.
- Adoption of sustainable and organic farming practices influencing production scales.
