Forecast: Sunflowerseed Oil Production in Egypt

Between 2014 and 2023, Egypt's sunflower seed oil production saw significant fluctuations. Starting at 23.0 thousand metric tons in 2014, production climbed steadily but varied in progression, reaching 38.0 thousand metric tons in 2023. Notably, 2018 marked a peak year with the highest year-on-year growth rate of 28.57%, attributed to multiple factors such as increased cultivation and investments. In the more recent years, stabilizing forces seemingly contributed to a modest 2.7% growth from 2022 to 2023, while the Compound Annual Growth Rate (CAGR) over the last five years was 1.09%.

Looking ahead to the forecasted period from 2024 to 2028, the production levels are expected to grow at an average CAGR of 1.87%, projecting a total growth of 9.7% over these five years. By 2028, production is anticipated to reach 42.75 thousand metric tons. Moderate annual growth rates signal a stabilization trend, driven by ongoing improvements in agricultural practices and technological enhancements.

Future trends to watch for include potential impacts from global climate change on crop yields, advances in agricultural technology, government policies on agricultural investments, and shifts in domestic and international demand for sunflower seed oil.

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