Egypt: Vegetable Oils Market 2024

Vegetable Oils Market Size in Egypt

In 2022, the Egyptian vegetable oils market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Oils Production in Egypt

In value terms, vegetable oils production expanded markedly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Oils Exports

Exports from Egypt

In 2022, overseas shipments of vegetable fats and oils increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vegetable oils exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Palestine (X tons), Libya (X tons) and Morocco (X tons) were the main destinations of vegetable oils exports from Egypt, with a combined X% share of total exports. Lebanon, Sudan, Bulgaria, Croatia and Jordan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Palestine ($X), Libya ($X) and Morocco ($X) appeared to be the largest markets for vegetable oils exported from Egypt worldwide, with a combined X% share of total exports. Lebanon, Sudan, Bulgaria, Croatia and Jordan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Sudan, with a CAGR of X%, saw 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 2022, the average vegetable oils export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Jordan ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Croatia ($X per ton) and Sudan ($X per ton) were amongst the lowest.

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

Vegetable Oils Imports

Imports into Egypt

Vegetable oils imports into Egypt fell sharply to X tons in 2022, which is down by X% compared with the year before. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports rose remarkably to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest vegetable oils supplier to Egypt, accounting for a X% share of total imports. Moreover, vegetable oils imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Sweden (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of vegetable fats and oils to Egypt, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Sweden (X% per year).

Import Prices by Country

The average vegetable oils import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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