Egypt: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Egypt

In 2020, the Egyptian market for processed cheese (excluding grated or powdered) was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. In general, the total consumption indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Egypt

In value terms, production of processed cheese (excluding grated or powdered) declined to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a notable increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Egypt

In 2020, overseas shipments of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) fell markedly to $X in 2020. Over the period under review, exports showed a mild curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Yemen (X tons), Libya (X tons) and Jordan (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Egypt, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from Egypt were Yemen ($X), Libya ($X) and Jordan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Jordan recorded 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 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Oman ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) and Yemen ($X per ton) were amongst the lowest.

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

Imports of Processed cheese (excluding grated or powdered)

Imports into Egypt

In 2020, purchases abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, imports of processed cheese (excluding grated or powdered) surged to $X in 2020. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Poland (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Egypt, with a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Poland exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and France (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Poland ($X per ton) and Saudi Arabia ($X per ton), while the price for France ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :