Egypt: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Egypt

After two years of growth, the Egyptian rusks and toasted bread market decreased by -16.5% to $X in 2021. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.9% against 2018 indices. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Egypt

In value terms, rusks and toasted bread production shrank significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +42.6% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 58%. Rusks and toasted bread production peaked at $X in 2020, and then contracted significantly in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Egypt

After four years of decline, overseas shipments of rusks, toasted bread and similar toasted products increased by 5.9% to X tons in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 169%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rusks and toasted bread exports soared to $X in 2021. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 436%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Jordan (X tons), the United Arab Emirates (X tons) and Palestine (X tons) were the main destinations of rusks and toasted bread exports from Egypt, with a combined 57% share of total exports. Lebanon, Iraq, Oman and Australia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +25.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for rusks and toasted bread exported from Egypt were the United Arab Emirates ($X), Jordan ($X) and Palestine ($X), together comprising 59% of total exports. These countries were followed by Lebanon, Iraq, Australia and Oman, which together accounted for a further 30%.

Oman, with a CAGR of +46.0%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average rusks and toasted bread export price amounted to $X per ton, picking up by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,002%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Egypt

After two years of growth, overseas purchases of rusks, toasted bread and similar toasted products decreased by -86.3% to X tons in 2021. In general, imports saw a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 264%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, rusks and toasted bread imports declined sharply to $X in 2021. Over the period under review, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 270% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg), Portugal (X kg) and Turkey (X kg) were the main suppliers of rusks and toasted bread imports to Egypt, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of -12.6%), while imports for the other leaders experienced a decline.

In value terms, Portugal ($X), the Netherlands ($X) and Turkey ($X) were the largest rusks and toasted bread suppliers to Egypt, with a combined 96% share of total imports.

The Netherlands, with a CAGR of -15.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 70%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+77.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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