Egypt: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Egypt

The Egyptian sugary soft drink market shrank slightly to $X in 2022, dropping by -3.9% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Sugary Soft Drink Production in Egypt

In value terms, sugary soft drink production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed notable growth. The growth pace was the most rapid in 2019 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from Egypt

In 2022, overseas shipments of sugary soft drinks decreased by -17.3% to X litres, falling for the fifth year in a row after three years of growth. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 234% against the previous year. As a result, the exports reached the peak of X litres. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugary soft drink exports dropped notably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 235% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X litres), Libya (X litres) and Palestine (X litres) were the main destinations of sugary soft drink exports from Egypt, with a combined 80% share of total exports. Jordan, Djibouti, Saudi Arabia and Somalia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +87.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugary soft drink exported from Egypt were Yemen ($X), Libya ($X) and Palestine ($X), with a combined 81% share of total exports. Jordan, Djibouti, Saudi Arabia and Somalia lagged somewhat behind, together comprising a further 12%.

Saudi Arabia, with a CAGR of +114.0%, 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

The average sugary soft drink export price stood at $X per litre in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Somalia ($X per litre) and Djibouti ($X per litre), while the average price for exports to Yemen ($X per litre) and Palestine ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Egypt

In 2022, purchases abroad of sugary soft drinks increased by 35% to X litres, rising for the second year in a row after two years of decline. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2013 when imports increased by 198% against the previous year. As a result, imports attained the peak of X litres. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sugary soft drink imports skyrocketed to $X in 2022. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Austria (X litres) was the main sugary soft drink supplier to Egypt, accounting for a 93% share of total imports. Moreover, sugary soft drink imports from Austria exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+14.8% per year) and Jordan (-74.3% per year).

In value terms, Austria ($X) constituted the largest supplier of sugary soft drinks to Egypt, comprising 93% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+16.2% per year) and Jordan (-71.0% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, increasing by 8.4% against the previous year. Over the period under review, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. The import price peaked at $X per litre in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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