Egypt - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Egypt - 2023
Contents:
- Refined Olive Oil Price in Egypt (FOB) - 2022
- Refined Olive Oil Price in Egypt (CIF) - 2022
- Refined Olive Oil Exports in Egypt
- Refined Olive Oil Imports in Egypt
Refined Olive Oil Price in Egypt (FOB) - 2022
The average refined olive oil export price stood at $2,945 per ton in 2022, dropping by -22.9% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 58% against the previous year. As a result, the export price attained the peak level of $4,920 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($4,367 per ton), while the average price for exports to the United Arab Emirates ($1,035 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Price in Egypt (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $2,625 per ton, dropping by -27.2% against the previous year. Over the period under review, the import price recorded a noticeable decline. The growth pace was the most rapid in 2017 an increase of 31%. The import price peaked at $5,371 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($4,392 per ton), while the price for Turkey ($2,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Olive Oil Exports in Egypt
Refined olive oil exports from Egypt skyrocketed to 476 tons in 2022, with an increase of 137% compared with the previous year. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil exports surged to $1.4M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Olive Oil in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 86.1 | 716 | 731.6% |
| Indonesia | 501 | 491 | N/A | 339 | -12.2% |
| United Arab Emirates | 26.6 | 83.5 | 44.9 | 210 | 99.1% |
| Brazil | N/A | N/A | 67.4 | 119 | 76.6% |
| Others | 2.6 | 35.2 | 567 | 16.6 | 85.5% |
| Total | 531 | 610 | 765 | 1,401 | 38.2% |
Top Export Markets for Refined Olive Oil from Egypt in 2022:
- United Arab Emirates (203.0 tons)
- Spain (164.0 tons)
- Indonesia (77.7 tons)
- Brazil (27.2 tons)
Refined Olive Oil Imports in Egypt
In 2022, the amount of refined olive oil imported into Egypt surged to 318 tons, with an increase of 177% compared with 2021 figures. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 301% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, refined olive oil imports surged to $835K in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 177% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Refined Olive Oil in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 217 | 724 | 328 | 365 | 18.9% |
| Syrian Arab Republic | N/A | N/A | N/A | 180 | 0% |
| Turkey | N/A | 0.1 | N/A | 86.9 | 2847.9% |
| Greece | N/A | N/A | 0.1 | 79.3 | 79200.0% |
| Tunisia | N/A | 23.5 | N/A | 60.9 | 61.0% |
| India | N/A | N/A | N/A | 58.4 | 0% |
| Italy | 34.1 | 4.9 | N/A | 2.6 | -57.6% |
| Others | 21.7 | 3.8 | 84.6 | 0.9 | -65.4% |
| Total | 273 | 756 | 413 | 835 | 45.2% |
Top Suppliers of Refined Olive Oil to Egypt in 2022:
- Spain (147.6 tons)
- Syrian Arab Republic (68.8 tons)
- Turkey (37.3 tons)
- Greece (30.0 tons)
- India (19.3 tons)
- Tunisia (13.9 tons)
- Italy (0.9 tons)
This report provides an in-depth analysis of the refined olive oil market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Egypt
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Egypt
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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