Egypt: Cheese And Curd Market 2024

Cheese And Curd Market Size in Egypt

The Egyptian cheese and curd market rose sharply to $X in 2022, growing by 7.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Cheese and curd consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cheese And Curd Production in Egypt

In value terms, cheese and curd production expanded markedly to $X in 2022 estimated in export price. Overall, production saw a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of 78%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports from Egypt

For the fourth consecutive year, Egypt recorded decline in overseas shipments of cheese and curd, which decreased by -11.4% to X tons in 2022. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports reduced to $X in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 3.7% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons), Libya (X tons) and Saudi Arabia (X tons) were the main destinations of cheese and curd exports from Egypt, with a combined 43% share of total exports. The United Arab Emirates, Yemen, Lebanon, Oman, Palestine, Iraq, Kuwait and Russia lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +157.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cheese and curd exported from Egypt were Jordan ($X), Libya ($X) and Saudi Arabia ($X), with a combined 46% share of total exports. Yemen, Lebanon, the United Arab Emirates, Oman, Palestine, Iraq, Kuwait and Russia lagged somewhat behind, together comprising a further 47%.

Russia, with a CAGR of +208.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price saw tangible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 47% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Egypt

In 2022, supplies from abroad of cheese and curd decreased by -32.9% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cheese and curd imports declined remarkably to $X in 2022. Overall, imports saw a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of 26%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

New Zealand (X tons), the Netherlands (X tons) and Ireland (X tons) were the main suppliers of cheese and curd imports to Egypt, with a combined 52% share of total imports. Poland, Saudi Arabia, the United States, Denmark and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +4.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cheese and curd suppliers to Egypt were New Zealand ($X), the Netherlands ($X) and Ireland ($X), with a combined 54% share of total imports.

Ireland, with a CAGR of +8.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, picking up by 5.6% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd import price increased by +40.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 38%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per ton) and the United States ($X per ton), while the price for Poland ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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