Egypt: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Egypt

In 2021, the Egyptian sweet biscuit market increased by 11% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.3% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Sweet Biscuit Production in Egypt

In value terms, sweet biscuit production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61%. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Sweet Biscuit Exports

Exports from Egypt

For the third year in a row, Egypt recorded decline in overseas shipments of sweet biscuits, which decreased by -6% to X tons in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.7% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 41% against the previous year. 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, sweet biscuit exports totaled $X in 2021. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Yemen (X tons) were the main destinations of sweet biscuit exports from Egypt, with a combined 49% share of total exports. These countries were followed by the United Arab Emirates, Palestine, Australia, Iraq, Sudan, Jordan, Senegal, Cote d'Ivoire, Morocco and Kenya, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +117.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Yemen ($X) and the United Arab Emirates ($X) constituted the largest markets for sweet biscuit exported from Egypt worldwide, together comprising 44% of total exports. Oman, Palestine, Australia, Iraq, Sudan, Jordan, Senegal, Cote d'Ivoire, Morocco and Kenya lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Australia, with a CAGR of +124.6%, 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 2021, the average sweet biscuit export price amounted to $X per ton, jumping by 21% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sweet biscuit export price increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 30% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 Sudan (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Egypt

In 2021, purchases abroad of sweet biscuits decreased by -2.6% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit imports expanded markedly to $X in 2021. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of sweet biscuit imports to Egypt, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of sweet biscuits to Egypt, comprising 30% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Turkey, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.8% per year) and Turkey (-15.3% per year).

Import Prices by Country

In 2021, the average sweet biscuit import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 14% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Lebanon ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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