Egypt: Powdered Milk Market 2024

Powdered Milk Market Size in Egypt

The Egyptian powdered milk market surged to $X in 2022, rising by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Powdered Milk Exports

Exports from Egypt

In 2022, overseas shipments of powdered milk decreased by -40.9% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of 125% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports reduced notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for powdered milk exports from Egypt, with a 27% share of total exports. Moreover, powdered milk exports to Saudi Arabia exceeded the volume sent to the second major destination, Mauritania (X tons), threefold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-2.1% per year) and Syrian Arab Republic (-11.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for powdered milk exports from Egypt, comprising 28% of total exports. The second position in the ranking was held by Mauritania ($X), with an 8.2% share of total exports. It was followed by Syrian Arab Republic, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+2.4% per year) and Syrian Arab Republic (-10.0% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, growing by 5.5% against the previous year. In general, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per ton) and Lebanon ($X per ton), while the average price for exports to Yemen ($X per ton) and Madagascar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Egypt

In 2022, purchases abroad of powdered milk was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a slight slump. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand (X tons), Turkey (X tons) and France (X tons) were the main suppliers of powdered milk imports to Egypt, with a combined 50% share of total imports. Germany, Canada, the UK, Sweden, the United States and Denmark lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +53.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Turkey ($X) and France ($X) appeared to be the largest powdered milk suppliers to Egypt, together comprising 51% of total imports. Germany, Canada, the UK, Sweden, the United States and Denmark lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, the UK, with a CAGR of +62.6%, recorded 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 powdered milk import price stood at $X per ton in 2022, increasing by 29% against the previous year. Over the period under review, import price indicated a measured increase 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, powdered milk import price increased by +95.9% against 2016 indices. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($X per ton) and Sweden ($X per ton), while the price for Canada ($X per ton) and the United States ($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 UK (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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