Egypt: Beef Market 2024

Beef Market Size in Egypt

The Egyptian beef market expanded slightly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a pronounced decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Beef Production in Egypt

In value terms, beef production soared to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable descent. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The average yield of beef (cattle meat) in Egypt stood at X kg per head in 2022, therefore, remained relatively stable against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2019 to 2022, the growth of the average beef yield remained at a lower figure.

In 2022, the number of animals slaughtered for beef production in Egypt expanded remarkably to X heads, with an increase of X% against the previous year. In general, the number of producing animals, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

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Beef Exports

Exports from Egypt

In 2022, the amount of beef (cattle meat) exported from Egypt fell rapidly to X tons, with a decrease of X% against 2021. Over the period under review, exports showed a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beef exports dropped to $X in 2022. In general, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Palestine (X tons), Ghana (X tons) and Kuwait (X tons) were the main destinations of beef exports from Egypt, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Palestine (with a CAGR of X.4%), while the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X) emerged as the key foreign market for beef (cattle meat) exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with an X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Palestine totaled X.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Kenya (X% per year).

Export Prices by Country

The average beef export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Qatar ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Egypt

In 2022, overseas purchases of beef (cattle meat) decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, beef imports amounted to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Brazil (X tons) and Sudan (X tons) were the main suppliers of beef imports to Egypt, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sudan (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest beef suppliers to Egypt were India ($X), Brazil ($X) and Sudan ($X), together accounting for X% of total imports.

Among the main suppliers, Sudan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 country with the highest price was Brazil ($X per ton), while the price for Sudan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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