Egypt: Dairy Spread Market 2024

Dairy Spread Market Size in Egypt

In 2022, after two years of growth, there was significant decline in the Egyptian dairy spread market, when its value decreased by -29.8% to $X. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced remarkably in the following year.

Dairy Spread Production in Egypt

In value terms, dairy spread production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 30%. Dairy spread production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Dairy Spread Exports

Exports from Egypt

In 2022, dairy spread exports from Egypt surged to X tons, increasing by 400% on 2021. Over the period under review, exports, however, recorded a abrupt downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, dairy spread exports soared to $X in 2022. Overall, exports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by 378% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X tons) was the main destination for dairy spread exports from Egypt, accounting for a 55% share of total exports. Moreover, dairy spread exports to Lebanon exceeded the volume sent to the second major destination, Libya (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Lebanon totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-11.3% per year) and Jordan (+46.9% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for dairy spreads exports from Egypt, comprising 49% of total exports. The second position in the ranking was taken by Jordan ($X), with a 14% share of total exports. It was followed by Libya, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lebanon amounted to +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+65.3% per year) and Libya (-12.8% per year).

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, which is down by -26.1% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 319%. The export price peaked at $X per ton in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Libya ($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 Lebanon (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Egypt

In 2022, approx. X tons of dairy spreads were imported into Egypt; which is down by -77.8% against 2021. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of 229% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dairy spread imports reduced markedly to $X in 2022. In general, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main dairy spread supplier to Egypt, with a 99.9% share of total imports. It was followed by France (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of dairy spreads to Egypt, comprising 99.9% of total imports. The second position in the ranking was taken by France ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest.

Import Prices by Country

In 2022, the average dairy spread import price amounted to $X per ton, with an increase of 23% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread import price increased by +35.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 86%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.2%).

Source: IndexBox Platform

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