Egypt: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Egypt

The Egyptian wheat and meslin flour market rose sharply to $X in 2022, with an increase of 13% against the previous year. Over the period under review, consumption, however, recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Egypt

In value terms, wheat and meslin flour production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 2.7% against the previous year. Wheat and meslin flour production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Egypt

In 2022, approx. X tons of wheat and meslin flour were exported from Egypt; waning by -49.6% against the previous year's figure. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 116%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 89%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons) was the main destination for wheat and meslin flour exports from Egypt, with a 46% share of total exports. Moreover, wheat and meslin flour exports to Sudan exceeded the volume sent to the second major destination, Somalia (X tons), threefold. The third position in this ranking was taken by Madagascar (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (-0.1% per year) and Madagascar (-16.2% per year).

In value terms, Sudan ($X) remains the key foreign market for wheat and meslin flour exports from Egypt, comprising 46% of total exports. The second position in the ranking was taken by Somalia ($X), with a 14% share of total exports. It was followed by Madagascar, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Sudan amounted to +104.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+2.8% per year) and Madagascar (-4.3% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price posted temperate growth. The most prominent rate of growth was recorded in 2020 an increase of 53% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Somalia ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Sudan ($X per ton) and Syrian Arab Republic ($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 Madagascar (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Egypt

In 2022, overseas purchases of wheat and meslin flour decreased by -21.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 134%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports fell to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest wheat and meslin flour supplier to Egypt, with a 64% share of total imports. Moreover, wheat and meslin flour imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and France (+24.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of wheat and meslin flour to Egypt, comprising 64% of total imports. The second position in the ranking was held by Russia ($X), with a 20% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and France (+26.5% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained 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 highest price was recorded for prices from Russia ($X per ton) and Turkey ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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