In 2023, the sunflowerseed oil market in Egypt stood at 153,000 metric tons. Analyzing the historical data reveals a relatively stable trend with some fluctuations. Notably, between 2014 and 2017, there was consistent growth until a significant drop in 2018, followed by a period of stability.
From 2019 to 2023, the market demonstrated minimal annual changes, maintaining a constant value from 2020 onwards. The year-on-year variation for 2022 and 2023 was 0%, reflecting a stable phase. The five-year compound annual growth rate (CAGR) up to 2023 was 0.53%, indicating modest growth over this period.
Forecasts from 2024 to 2028 predict slight fluctuations, with the market size expected to inch up to 154,000 metric tons in 2027 and 2028. The forecasted five-year CAGR indicates a further deceleration to 0.13%.
Future Trends to Watch For:
- Sustainability initiatives and their impact on production and pricing.
- Consumer preferences shifting towards healthier and organic oils.
- Potential impacts from geopolitical factors and economic conditions.
- Technological advancements in agricultural practices and oil extraction methods.
