Between 2014 and 2023, olive oil production in Egypt exhibited fluctuations with a general upward trend, standing at 28.0 thousand metric tons in 2023. Key highlights include a significant increase in 2016 and 2017, with upward swings in years such as 2019 and 2021. However, there were also declines and marginal changes, indicating volatility in annual production rates.
The year-on-year production showed no increase in 2023, maintaining stability compared to the previous year. The latest CAGR over the last five years was 2.29%, indicating moderate growth.
Forecasted data from 2024 to 2028 suggests a steady but gradual increase, with the average growth rate expected to be 7.49% and a forecasted 5-year CAGR of 1.46%.
Future trends to watch include potential impacts of climate change on olive cultivation, governmental agricultural policies, technological advancements in olive farming, and global market demand.
