Egypt: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Egypt

After four years of growth, the Egyptian breakfast cereal market decreased by -5.5% to $X in 2021. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.1% against 2016 indices. Breakfast cereal consumption peaked at $X in 2020, and then reduced in the following year.

Breakfast Cereal Production in Egypt

In value terms, breakfast cereal production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.1% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 33% against the previous year. Breakfast cereal production peaked at $X in 2020, and then fell in the following year.

Breakfast Cereal Exports

Exports from Egypt

In 2021, the amount of breakfast cereals exported from Egypt surged to X tons, growing by 23% on the previous year's figure. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 69%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, breakfast cereal exports surged to $X in 2021. In general, exports recorded strong growth. The growth pace was the most rapid in 2020 when exports increased by 102% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Iraq (X tons), Libya (X tons) and Saudi Arabia (X tons) were the main destinations of breakfast cereal exports from Egypt, together accounting for 41% of total exports. Jordan, the United Arab Emirates, Morocco, Palestine, Sudan, Australia, Kuwait, Tunisia, Algeria and South Korea lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +49.7%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Libya ($X) and Saudi Arabia ($X) were the largest markets for breakfast cereal exported from Egypt worldwide, with a combined 41% share of total exports. These countries were followed by Jordan, the United Arab Emirates, Morocco, Palestine, Sudan, Australia, Kuwait, Tunisia, Algeria and South Korea, which together accounted for a further 41%.

The United Arab Emirates, with a CAGR of +59.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, picking up by 5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2020 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Sudan ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Kuwait ($X per ton) and Palestine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Egypt

In 2021, purchases abroad of breakfast cereals increased by 58% to X tons, rising for the third year in a row after three years of decline. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports soared to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Belgium (X tons) and France (X tons) were the main suppliers of breakfast cereal imports to Egypt, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +541.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Egypt were Poland ($X), Belgium ($X) and France ($X), together accounting for 90% of total imports.

Belgium, with a CAGR of +493.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, jumping by 78% against the previous year. Overall, the import price showed a tangible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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