Egypt: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Egypt

The Egyptian butter and dairy spreads market skyrocketed to $X in 2022, rising by 18% against the previous year. Overall, consumption showed a noticeable decline. Butter and dairy spreads consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in Egypt

In value terms, butter and dairy spreads production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with a decrease of 99.9%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Butter And Dairy Spreads

Exports from Egypt

After two years of decline, overseas shipments of butter and dairy spreads increased by 284% to X tons in 2022. Overall, exports, however, recorded a perceptible decrease. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for butter and dairy spreads exports from Egypt, with a 51% share of total exports. Moreover, butter and dairy spreads exports to Libya exceeded the volume sent to the second major destination, Lebanon (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Libya stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-0.6% per year) and the United States (+37.7% per year).

In value terms, the United States ($X), Libya ($X) and Lebanon ($X) appeared to be the largest markets for butter and dairy spreads exported from Egypt worldwide, together comprising 85% of total exports. Jordan, Oman, Iraq, the United Arab Emirates and Kuwait lagged somewhat behind, together comprising a further 13%.

Jordan, with a CAGR of +65.3%, recorded 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

In 2022, the average butter and dairy spreads export price amounted to $X per ton, dropping by -6.8% against the previous year. Over the period under review, the export price, however, enjoyed a tangible increase. The growth pace was the most rapid in 2021 when the average export price increased by 63%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Egypt

In 2022, imports of butter and dairy spreads into Egypt declined to X tons, shrinking by -12.4% compared with the year before. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports surged to $X in 2022. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2018 when imports increased by 39%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of butter and dairy spreads to Egypt, with a 39% share of total imports. Moreover, butter and dairy spreads imports from New Zealand exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+7.5% per year) and Turkey (+68.1% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and dairy spreads to Egypt, comprising 39% of total imports. The second position in the ranking was held by Uruguay ($X), with a 15% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+9.6% per year) and Turkey (+71.4% per year).

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, picking up by 36% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +53.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 78% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uganda ($X per ton) and the United States ($X per ton), while the price for India ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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