Egypt: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Egypt

The Egyptian prepared frozen vegetable market soared to $X in 2020, picking up by X% against the previous year. Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Production in Egypt

In value terms, prepared frozen vegetable production surged to $X in 2020 estimated in export prices. In general, production saw a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Exports

Exports from Egypt

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the third year in a row after six years of growth. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable exports fell markedly to $X in 2020. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for prepared frozen vegetable exports from Egypt, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for prepared frozen vegetable exports from Egypt, comprising X% of total exports. The second position in the ranking was occupied by Iraq ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iraq, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Egypt

In 2020, purchases abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw mild growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, prepared frozen vegetable imports soared to $X in 2020. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest prepared frozen vegetable supplier to Egypt, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was occupied by Austria (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Austria (X% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared frozen vegetable to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Austria (X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, jumping by X% against the previous year. In general, import price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Austria ($X per ton) and Spain ($X per ton), while the price for Jordan ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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