Egypt: Cereal Market 2024

Cereal Market Size in Egypt

The Egyptian cereal market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cereal Production in Egypt

In value terms, cereal production rose to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of cereals in Egypt was estimated at X tons per ha, remaining constant against 2021 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average cereal yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Egypt; flattening at the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cereal production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Cereal Exports

Exports from Egypt

In 2022, exports of cereals from Egypt contracted markedly to X tons, falling by X% on the previous year. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cereal exports declined markedly to $X in 2022. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X tons), Jordan (X tons) and Belgium (X tons) were the main destinations of cereal exports from Egypt, together accounting for X% of total exports. Iraq, Albania, Oman, Palestine, Saudi Arabia, Turkey, Sudan, Portugal, Yemen and Kenya lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), Belgium ($X) and Oman ($X) constituted the largest markets for cereal exported from Egypt worldwide, with a combined X% share of total exports. Jordan, Albania, Palestine, Saudi Arabia, Turkey, Sudan, Portugal, Iraq, Yemen and Kenya lagged somewhat behind, together accounting for a further X%.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to 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 cereal export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Iraq ($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 Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Egypt

In 2022, cereal imports into Egypt skyrocketed to X tons, rising by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cereal imports surged to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of cereal imports to Egypt, with a combined X% share of total imports. Romania, France, Ukraine, Bulgaria and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Brazil ($X) and Romania ($X) appeared to be the largest cereal suppliers to Egypt, together accounting for X% of total imports. Argentina, France, Ukraine, Bulgaria and the United States lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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