The onion market in Egypt demonstrated steady growth from 2014 to 2023, with the volume standing at 2.75 million metric tons in 2023. Over the last two years, year-on-year growth rates have consistently stayed positive yet modest, maintaining below 2%. This period contrasts with earlier years which experienced significant fluctuations. The compound annual growth rate (CAGR) over the last five years stands at 1.08%, reflecting overall stability but moderate expansion.
Key trends observed include substantial year-on-year growth in 2015 (17.28%) and 2017 (26.17%), followed by a notable dip in 2016 (-18.33%). The latter part of the decade saw more consistent, albeit lower, growth rates.
Future trends worth watching include:
- Continued stable growth with a forecasted 5-year CAGR of 1.34% from 2024 to 2028, projecting the volume to reach 2.99 million metric tons by 2028.
- Potential impacts of climate change on agricultural yields.
- Changes in domestic and international demand influencing export volumes.
