Egypt's demand for nuts has shown a consistent downward trend over the last decade. In 2023, the volume stood at 34.0 Thousand Metric Tons, reflecting a year-on-year decrease of 2.86%. The five-year CAGR (2019-2023) indicates an average annual decline of 2.71%. Since 2014, the demand has decreased significantly, with notable year-on-year declines in 2017 (-18.18%) and 2016 (-6.38%), offset slightly by an increase in 2018 (8.33%). Looking ahead, from 2024 to 2028, the demand is forecasted to continue its descending trajectory, with a forecasted CAGR of -1.89% and an overall decline of 9.09% by 2028.
Future trends to watch for:
- Economic factors: The overall economic health of Egypt will significantly impact consumer purchasing power and demand for nuts.
- Health trends: Growing awareness of health benefits associated with nuts could potentially counteract the declining trend, shifting consumer preferences.
- Climate impact: Changes in climate and agricultural conditions could affect local nut production, influencing demand and supply dynamics.
