Egypt: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Egypt

The Egyptian prepared dish and meal market dropped sharply to $X in 2021, declining by -16.1% against the previous year. In general, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Prepared Dishes And Meals in Egypt

In value terms, prepared dish and meal production shrank sharply to $X in 2021 estimated in export price. In general, production, however, saw a perceptible slump. The growth pace was the most rapid in 2020 when the production volume increased by 45% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports from Egypt

In 2021, prepared dish and meal exports from Egypt soared to X tons, increasing by 70% compared with 2020. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports surged to $X in 2021. Overall, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Algeria (X tons) and Kazakhstan (X tons) were the main destinations of prepared dish and meal exports from Egypt, together accounting for 45% of total exports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared dish and meal exported from Egypt were Saudi Arabia ($X), Algeria ($X) and Kazakhstan ($X), with a combined 49% share of total exports. These countries were followed by Ethiopia, Iraq, Cote d'Ivoire, Yemen, Kuwait, Jordan, Sudan, Tunisia, Libya and Ghana, which together accounted for a further 36%.

Cote d'Ivoire, with a CAGR of +91.9%, recorded the highest growth rate of the value of exports, in terms of 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 prepared dish and meal export price amounted to $X per ton, growing by 45% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 107%. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Ghana ($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 Cote d'Ivoire (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Egypt

In 2021, purchases abroad of prepared dishes and meals decreased by -11.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.3% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, prepared dish and meal imports reached $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 56%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of prepared dish and meal imports to Egypt, with a combined 29% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +61.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of prepared dishes and meals to Egypt, comprising 28% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Indonesia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Ireland amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.1% per year) and Indonesia (+67.3% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, rising by 13% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal import price increased by +22.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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