Egypt: Glucose Market 2024

Glucose Market Size in Egypt

The Egyptian glucose market contracted remarkably to $X in 2021, waning by -18% against the previous year. In general, consumption saw a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Glucose Production in Egypt

In value terms, glucose production totaled less than $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern.

Glucose Exports

Exports from Egypt

In 2021, approx. X tons of glucose and glucose syrup were exported from Egypt; increasing by 45% on the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, glucose exports surged to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Nigeria (X tons) was the main destination for glucose exports from Egypt, accounting for a 29% share of total exports. Moreover, glucose exports to Nigeria exceeded the volume sent to the second major destination, Sudan (X tons), twofold. The third position in this ranking was taken by Kenya (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +581.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+23.8% per year) and Kenya (+96.0% per year).

In value terms, the largest markets for glucose exported from Egypt were Nigeria ($X), Sudan ($X) and Kenya ($X), together comprising 56% of total exports.

Among the main countries of destination, Nigeria, with a CAGR of +621.3%, saw the highest rates of growth with regard to the value of exports, 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 glucose export price amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. 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 somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Sudan ($X per ton) and Algeria ($X per ton), while the average price for exports to Tanzania ($X per ton) and Nigeria ($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 Nigeria (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Glucose Imports

Imports into Egypt

In 2021, purchases abroad of glucose and glucose syrup decreased by -62.3% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glucose imports declined significantly to $X in 2021. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2018 when imports increased by 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glucose to Egypt, with a 39% share of total imports. Moreover, glucose imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-27.7% per year) and Belgium (+9.0% per year).

In value terms, China ($X) constituted the largest supplier of glucose and glucose syrup to Egypt, comprising 38% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-27.7% per year) and Belgium (+9.6% per year).

Import Prices by Country

In 2021, the average glucose import price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Ukraine ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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