Egypt: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Egypt

In 2022, the Egyptian starch manufacture residues market decreased by -1.6% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, continues to indicate noticeable growth. Starch manufacture residues consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in Egypt

In value terms, starch manufacture residues production expanded modestly to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13,068% against the previous year. Starch manufacture residues production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Starch Manufacture Residues Exports

Exports from Egypt

For the third consecutive year, Egypt recorded growth in shipments abroad of residues of starch manufacture, which increased by 28% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,503%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, starch manufacture residues exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,697%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey (X tons), Italy (X tons) and China (X tons) were the main destinations of starch manufacture residues exports from Egypt, together accounting for 80% of total exports. The UK, Belgium and Bulgaria lagged somewhat behind, together comprising a further 19%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +52.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and China ($X) were the largest markets for starch manufacture residues exported from Egypt worldwide, with a combined 80% share of total exports.

Italy, with a CAGR of +79.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, with an increase of 3.8% against the previous year. In general, the export price saw moderate growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 118% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and China ($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 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Egypt

For the fourth year in a row, Egypt recorded decline in supplies from abroad of residues of starch manufacture, which decreased by -39.2% to X tons in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports fell significantly to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 9.9% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main starch manufacture residues supplier to Egypt, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -13.4%.

In value terms, the United States ($X) constituted the largest supplier of residues of starch manufacture to Egypt.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -10.8%.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +81.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.

Source: IndexBox Platform

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