Egypt: Smoked Salmon Market 2024

Smoked Salmon Market Size in Egypt

The Egyptian smoked salmon market amounted to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Egypt

In value terms, smoked salmon production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Smoked Salmon Exports

Exports from Egypt

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were exported from Egypt; with a decrease of -84.5% on 2021 figures. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,610% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports declined dramatically to $X in 2022. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 913% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for smoked salmon exports from Egypt, accounting for a 91% share of total exports. Moreover, smoked salmon exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. The third position in this ranking was taken by Oman (X kg), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +68.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+13.2% per year) and Oman (+3.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for smoked pacific, atlantic and danube salmon exports from Egypt, comprising 93% of total exports. The second position in the ranking was taken by Oman ($X), with a 2.8% share of total exports. It was followed by Canada, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +110.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+18.6% per year) and Canada (-48.5% per year).

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, picking up by 40% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 258% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was 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 (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Egypt

In 2022, the amount of smoked pacific, atlantic and danube salmon imported into Egypt surged to X tons, rising by 20% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, smoked salmon imports shrank modestly to $X in 2022. Overall, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 121%. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, Norway (X tons) was the main smoked salmon supplier to Egypt, accounting for a 92% share of total imports. Moreover, smoked salmon imports from Norway exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.8% per year) and Germany (-35.6% per year).

In value terms, Norway ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Egypt, comprising 92% of total imports. The second position in the ranking was taken by the UK ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.8% per year) and Germany (-25.1% per year).

Import Prices by Country

In 2022, the average smoked salmon import price amounted to $X per ton, dropping by -17.2% against the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 194% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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