Egypt: Crispbread Market 2024

Crispbread Market Size in Egypt

After four years of growth, the Egyptian crispbread market decreased by -0.2% to $X in 2021. In general, consumption posted a noticeable expansion. Crispbread consumption peaked at $X in 2020, and then dropped modestly in the following year.

Crispbread Production in Egypt

In value terms, crispbread production declined modestly to $X in 2021 estimated in export price. In general, production posted a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 97%. Crispbread production peaked at $X in 2020, and then contracted slightly in the following year.

Crispbread Exports

Exports from Egypt

In 2021, shipments abroad of crispbread increased by 57% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 with an increase of 524%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, crispbread exports skyrocketed to $X in 2021. Overall, exports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of 395%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Libya (X tons), Iraq (X tons) and Saudi Arabia (X tons) were the main destinations of crispbread exports from Egypt, with a combined 37% share of total exports. Morocco, Kenya, Turkey, Jordan, Sudan, Cote d'Ivoire, Tunisia, Russia, Lebanon and Palestine lagged somewhat behind, together comprising a further 55%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +141.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crispbread exported from Egypt were Saudi Arabia ($X), Morocco ($X) and Libya ($X), with a combined 41% share of total exports. These countries were followed by Jordan, Sudan, Iraq, Kenya, Cote d'Ivoire, Tunisia, Russia, Lebanon, Palestine and Turkey, which together accounted for a further 49%.

Russia, with a CAGR of +335.6%, 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 2021, the average crispbread export price amounted to $X per ton, with an increase of 26% against the previous year. Over the period under review, the export price posted modest growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 54% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+80.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Egypt

In 2021, approx. X tons of crispbread were imported into Egypt; waning by -24.9% on the year before. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 155% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, crispbread imports fell sharply to $X in 2021. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 100% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Poland (X tons) and Italy (X kg) were the main suppliers of crispbread imports to Egypt, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +96.5%), while purchases for the other leaders experienced a decline.

In value terms, Portugal ($X), Poland ($X) and Italy ($X) constituted the largest crispbread suppliers to Egypt, together accounting for 89% of total imports.

Among the main suppliers, Poland, with a CAGR of +81.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, surging by 9.9% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread import price decreased by -13.9% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and Poland ($X per ton), while the price for the United States ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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