Egypt: Groundnuts Market 2024

Groundnuts Market Size in Egypt

The Egyptian groundnuts market totaled $X in 2022, increasing by 5.6% against the previous year. Overall, consumption, however, saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Groundnuts Production in Egypt

In value terms, groundnuts production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2013 with an increase of 83%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of ground-nut (in-shell) in Egypt skyrocketed to X tons per ha in 2022, increasing by 48% against 2021 figures. Over the period under review, the yield, however, recorded a noticeable setback. The groundnuts yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Egypt; with an increase of 5.1% compared with the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the groundnuts harvested area failed to regain momentum.

Groundnuts Exports

Exports from Egypt

In 2022, approx. X tons of ground-nut (in-shell) were exported from Egypt; approximately mirroring the previous year's figure. Over the period under review, exports showed a modest expansion. The smallest decline of -60.1% was in 2013. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, groundnuts exports totaled $X in 2022. Overall, exports recorded a relatively flat trend pattern. The smallest decline of -29.4% was in 2013. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for groundnuts exports from Egypt, with a 38% share of total exports. Moreover, groundnuts exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. Switzerland (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.3% per year) and Switzerland (+2.6% per year).

It was followed by Switzerland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.4% per year) and Switzerland (+0.5% per year).

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 77%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the average price for exports to Hungary ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Egypt

In 2022, overseas purchases of ground-nut (in-shell) increased by 807% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, showed a deep contraction. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports skyrocketed to $X in 2022. In general, imports, however, saw a deep slump. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest groundnuts supplier to Egypt, with a 41% share of total imports. Moreover, groundnuts imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+75.5% per year) and Italy (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of ground-nut (in-shell) to Egypt, comprising 37% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and the Netherlands (+84.0% per year).

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 88%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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