Egypt: Groundnuts Market 2024

Groundnuts Market Size in Egypt

The Egyptian groundnuts market rose notably to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Groundnuts Production in Egypt

In value terms, groundnuts production dropped to $X in 2022 estimated in export price. In general, production, however, showed a perceptible slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of ground-nut (in-shell) in Egypt soared to X tons per ha in 2022, increasing by X% compared with the previous year's figure. In general, the yield, however, recorded a noticeable shrinkage. The groundnuts yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Egypt; with an increase of X% compared with the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the groundnuts harvested area remained at a lower figure.

Groundnuts Exports

Exports from Egypt

In 2022, groundnuts exports from Egypt amounted to X tons, remaining constant against the year before. In general, exports showed a modest increase. The smallest decline of X% was in 2013. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, groundnuts exports stood at $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of X% was in 2013. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons) was the main destination for groundnuts exports from Egypt, with a X% share of total exports. Moreover, groundnuts exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Italy ($X per ton), while the average price for exports to Hungary ($X per ton) and France ($X per ton) were amongst the lowest.

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

Groundnuts Imports

Imports into Egypt

In 2022, purchases abroad of ground-nut (in-shell) increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports soared to $X in 2022. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of groundnuts to Egypt, with a X% share of total imports. Moreover, groundnuts imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of ground-nut (in-shell) to Egypt, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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