Egypt: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Egypt

In 2021, the Egyptian preserved frozen potato market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.1% 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 2014 to 2021, the growth of the market remained at a lower figure.

Preserved Frozen Potato Production in Egypt

In value terms, preserved frozen potato production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Preserved Frozen Potato Exports

Exports from Egypt

In 2021, exports of frozen potatoes prepared or preserved from Egypt surged to X tons, increasing by 25% on 2020 figures. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.1% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 41%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved frozen potato exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 48%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Kuwait (X tons) were the main destinations of preserved frozen potato exports from Egypt, with a combined 67% share of total exports. These countries were followed by Jordan, Morocco, Pakistan and Oman, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +64.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved frozen potato exported from Egypt were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined 68% share of total exports. These countries were followed by Jordan, Morocco, Oman and Pakistan, which together accounted for a further 22%.

Pakistan, with a CAGR of +61.6%, saw the highest rates of growth with regard to 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

The average preserved frozen potato export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a mild shrinkage. The growth pace was the most rapid in 2013 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Oman ($X per ton), while the average price for exports to Pakistan ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+0.1%), while the prices for the other major destinations experienced a decline.

Preserved Frozen Potato Imports

Imports into Egypt

In 2021, supplies from abroad of frozen potatoes prepared or preserved increased by 9.5% to X tons, rising for the fourth year in a row after two years of decline. In general, imports saw a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 53%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, preserved frozen potato imports rose sharply to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest preserved frozen potato supplier to Egypt, accounting for a 66% share of total imports. Moreover, preserved frozen potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+29.6% per year) and the United States (+74.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Egypt, comprising 66% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports. It was followed by the United States, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+29.2% per year) and the United States (+74.1% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, growing by 2.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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