Price for Flour and Meal; of Potatoes in Egypt - 2023
Contents:
- Price for Flour and Meal; of Potatoes in Egypt (FOB) - 2022
- Price for Flour and Meal; of Potatoes in Egypt (CIF) - 2022
- Exports of Flour and Meal; of Potatoes in Egypt
- Imports of Flour and Meal; of Potatoes in Egypt
Price for Flour and Meal; of Potatoes in Egypt (FOB) - 2022
The average export price for flour and meal; of potatoeses stood at $1,424 per ton in 2022, growing by 8.3% against the previous year. Over the period under review, the export price showed noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($1,424 per ton) and Saudi Arabia ($1,424 per ton), while the average price for exports to Uruguay ($1,424 per ton) and Algeria ($1,424 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 Palestine (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Potatoes in Egypt (CIF) - 2022
The average import price for flour and meal; of potatoeses stood at $1,646 per ton in 2022, falling by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $1,709 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($2,076 per ton) and Singapore ($1,856 per ton), while the price for Germany ($1,467 per ton) and the Netherlands ($1,625 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 States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flour and Meal; of Potatoes in Egypt
In 2022, flour and meal; of potatoes exports from Egypt skyrocketed to 716 tons, jumping by 25% compared with the previous year's figure. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2021 with an increase of 254%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, flour and meal; of potatoes exports soared to $1M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 259%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Flour and Meal; of Potatoes in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 19.8 | 4.3 | 12.3 | 456 | 184.5% |
| Uruguay | 86.5 | 19.7 | 128 | 399 | 66.5% |
| Saudi Arabia | 5.2 | 3.2 | 6.0 | 87.7 | 156.4% |
| United States | N/A | N/A | N/A | 76.8 | 0% |
| Palestine | 257 | 134 | 429 | N/A | 29.2% |
| Libya | 31.1 | 16.4 | 52.6 | N/A | 30.1% |
| Brazil | 24.6 | 2.2 | 18.6 | N/A | -13.0% |
| Others | 71.6 | 29.4 | 106 | N/A | 21.7% |
| Total | 496 | 209 | 753 | 1,020 | 27.2% |
Top Export Markets for Flour and Meal; of Potatoes from Egypt in 2022:
- Algeria (319.9 tons)
- Uruguay (280.5 tons)
- Saudi Arabia (61.6 tons)
- United States (53.9 tons)
Imports of Flour and Meal; of Potatoes in Egypt
Flour and meal; of potatoes imports into Egypt shrank remarkably to 5.8 tons in 2022, dropping by -16.5% against the previous year's figure. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 49%.
In value terms, flour and meal; of potatoes imports declined remarkably to $9.6K in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year.
| Import of Flour and Meal; of Potatoes in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 2.2 | 3.9 | 3.3 | -10.5% |
| Belgium | 4.6 | 2.0 | 2.9 | 2.1 | -23.0% |
| France | 2.6 | 1.3 | 2.2 | 1.9 | -9.9% |
| Denmark | 3.0 | 1.3 | 2.1 | 1.6 | -18.9% |
| United States | 0.3 | 0.2 | 0.5 | 0.4 | 10.1% |
| Singapore | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Others | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Total | 15.5 | 7.3 | 11.9 | 9.6 | -14.8% |
Top Suppliers of Flour and Meal; of Potatoes to Egypt in 2022:
- Germany (2270.0 kg)
- Belgium (1194.0 kg)
- France (1089.0 kg)
- Denmark (941.0 kg)
- United States (172.0 kg)
- Singapore (90.0 kg)
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