The demand for Rapeseed Oil and Mustard Oil in Egypt is expected to rise steadily from 2024 to 2028, with forecasted values of 1.08, 1.13, 1.18, 1.22, and 1.27 thousand metric tons respectively. These figures explain a consistent annual increase, with year-on-year growth percentages reflecting an upward trend. Notably, the Compound Annual Growth Rate (CAGR) over this five-year period suggests a positive average annual increase in demand.
Considering the data from 2023, where consumption stood at 1.04 thousand metric tons, the projected demand indicates a promising expansion potential. From the two preceding years, the increase for 2024 is approximately 3.8%, and the following year achieves a 4.6% rise, demonstrating an accelerating trend in oil consumption.
Future trends to watch for include potential shifts in consumer preferences, advances in agricultural technology affecting crop yields, and macroeconomic factors such as pricing and supply chain developments. Monitoring these aspects will be crucial for anticipating further changes in demand and ensuring market alignment.
