Egypt: Sugars Market 2024

Sugars Market Size in Egypt

The Egyptian sugars market expanded notably to $X in 2021, growing by 8.9% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Sugars consumption peaked in 2021 and is likely to continue growth in the immediate term.

Sugars Production in Egypt

In value terms, sugars production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Sugars Exports

Exports from Egypt

In 2020, approx. X tons of sugars, sugar ethers and salts were exported from Egypt; picking up by 1,309% compared with the previous year's figure. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 86,460%. As a result, the exports attained the peak of X tons. From 2018 to 2020, the growth of the exports remained at a lower figure.

In value terms, sugars exports surged to $X in 2020. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 10,310% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for sugars exports from Egypt, with a 66% share of total exports. Moreover, sugars exports to Sudan exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2020, the average annual growth rate of volume to Sudan stood at +73.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+65.1% per year) and the Netherlands (+145.4% per year).

In value terms, Sudan ($X) remains the key foreign market for sugars, sugar ethers and salts exports from Egypt, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Sudan totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.8% per year) and the Netherlands (+97.5% per year).

Export Prices by Country

The average sugars export price stood at $X per ton in 2020, growing by 578% against the previous year. Overall, the export price posted prominent growth. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-20.7%), while the prices for the other major destinations experienced a decline.

Sugars Imports

Imports into Egypt

Sugars imports into Egypt soared to X tons in 2021, growing by 1,297% on the year before. Overall, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugars imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of sugars to Egypt, with a 35% share of total imports. Moreover, sugars imports from Turkey exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +257.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+22.9% per year) and China (+18.8% per year).

In value terms, China ($X) constituted the largest supplier of sugars, sugar ethers and salts to Egypt, comprising 57% of total imports. The second position in the ranking was taken by Austria ($X), with a 6.2% share of total imports. It was followed by Canada, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+9.9% per year) and Canada (+6.2% per year).

Import Prices by Country

In 2021, the average sugars import price amounted to $X per ton, surging by 30% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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