Egypt: Wheat Starch Market 2024

Wheat Starch Market Size in Egypt

In 2021, the Egyptian wheat starch market decreased by -6.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.2% against 2017 indices. Wheat starch consumption peaked at $X in 2020, and then reduced in the following year.

Wheat Starch Production in Egypt

In value terms, wheat starch production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 +38.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wheat Starch Exports

Exports from Egypt

For the fourth consecutive year, Egypt recorded decline in overseas shipments of wheat starch, which decreased by -90.1% to X tons in 2021. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 378%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wheat starch exports contracted significantly to $X in 2021. Over the period under review, exports showed a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 109%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for wheat starch exports from Egypt, accounting for a 64% share of total exports. Moreover, wheat starch exports to Libya exceeded the volume sent to the second major destination, Sudan (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Libya stood at -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-15.8% per year) and Kuwait (0.0% per year).

In value terms, Libya ($X) emerged as the key foreign market for wheat starch exports from Egypt, comprising 64% of total exports. The second position in the ranking was taken by Sudan ($X), with a 26% share of total exports. It was followed by Kuwait, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Libya totaled -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-19.3% per year) and Kuwait (0.0% per year).

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Libya ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Kuwait ($X per ton) and Sudan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (-4.0%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into Egypt

In 2021, imports of wheat starch into Egypt expanded slightly to X tons, surging by 1.6% compared with the previous year's figure. Overall, imports enjoyed a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 263% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wheat starch imports expanded markedly to $X in 2021. Over the period under review, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when imports increased by 215% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of wheat starch imports to Egypt, with a combined 52% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +89.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat starch suppliers to Egypt were Thailand ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 52% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +70.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat starch import price stood at $X per ton in 2021, picking up by 7.6% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 442%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Russia ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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