The import of olive oil to Egypt has experienced a significant decline from 2013 to 2023. Back in 2013, the import value stood at $5.61 million, reaching its peak in 2014 at approximately $6.43 million. However, from 2016 onwards, there was a marked downward trend, with imports dropping to $2.18 million. The decline continued steadily, with imports in 2021 at $2.12 million, reducing further to $1.85 million in 2023. The year-on-year variation over the last two years has been -6.55% and -6.86%, while the five-year CAGR holds a negative tendency of -7.49%.

Future trends to watch for:

The forecast indicates a continued decline in olive oil imports, with expectations of the value reducing to $1.13 million by 2028.
The anticipated five-year CAGR is projected to be -7.72%, suggesting a consistent yearly decline.
Monitoring local production capabilities and alternative import sources will be crucial to understanding this trend.