Egypt: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Egypt

In 2022, the Egyptian prepared baking powder market decreased by -0.1% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by 7% against the previous year. Prepared baking powder consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Egypt

In value terms, prepared baking powder production soared to $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Prepared Baking Powder Exports

Exports from Egypt

For the fifth consecutive year, Egypt recorded growth in overseas shipments of prepared baking powders, which increased by 29% to X tons in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,462%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, prepared baking powder exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,309%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Germany (X tons) and Poland (X tons) were the main destinations of prepared baking powder exports from Egypt, with a combined 46% share of total exports. The Netherlands, the UK, Italy, Belgium, Spain, Saudi Arabia, Estonia, Turkey and Norway lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +418.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared baking powder exported from Egypt were the United States ($X), Germany ($X) and Poland ($X), together comprising 46% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +469.3%, 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 2022, the average prepared baking powder export price amounted to $X per ton, rising by 3.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and the United States ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($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 the United States (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Egypt

In 2022, overseas purchases of prepared baking powders decreased by -13.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 476%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prepared baking powder imports dropped to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 165% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest prepared baking powder supplier to Egypt, accounting for a 70% share of total imports. Moreover, prepared baking powder imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+47.0% per year) and China (+19.3% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared baking powders to Egypt, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by China, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+42.5% per year) and China (+20.0% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, increasing by 15% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 271% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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