Egypt: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Egypt

The Egyptian seafood meals and pellets market expanded to $X in 2021, surging by 2.3% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Egypt

In value terms, seafood meals and pellets production expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Egypt

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Egypt; growing by 32% on the year before. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 265%. 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, seafood meals and pellets exports soared to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 229%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mauritius (X tons), Nigeria (X tons) and Benin (X tons) were the main destinations of seafood meals and pellets exports from Egypt, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +15.4%), while the other leaders experienced mixed trend patterns.

In value terms, Mauritius ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Egypt, comprising 62% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritius amounted to +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+7.6% per year) and Benin (-4.8% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, waning by -10.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Nigeria ($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 Benin (+39.0%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Egypt

In 2021, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -15.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 104% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports declined to $X in 2021. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Yemen (X tons), Denmark (X tons) and Morocco (X tons) were the main suppliers of seafood meals and pellets imports to Egypt, with a combined 52% share of total imports. These countries were followed by the United Arab Emirates, Pakistan, the United States, Peru, Oman, South Africa, Mauritania, Seychelles, Tunisia and India, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Egypt, comprising 28% of total imports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Yemen amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-16.3% per year) and Denmark (-5.9% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, increasing by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 when the average import price increased by 35%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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