Egypt: Cereals Market Overview 2021

Cereals Market Size in Egypt

In 2019, the Egyptian cereals market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

Cereals Production in Egypt

In value terms, cereals production expanded modestly to $X in 2019 estimated in export prices. Overall, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Cereals production peaked in 2019 and is likely to see steady growth in the immediate term.

In 2019, the average yield of cereals in Egypt dropped slightly to X tonnes per ha, therefore, remained relatively stable against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the yield increased by X% y-o-y. The cereals yield peaked at X tonnes per ha in 2008; however, from 2009 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of cereals production in Egypt totaled X ha, leveling off at 2018 figures. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cereals production attained the peak figure at X ha in 2013; however, from 2014 to 2019, the harvested area failed to regain the momentum.

Cereals Exports

Exports from Egypt

In 2019, exports of cereals from Egypt surged to X tonnes, growing by X% against 2018 figures. Over the period under review, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, cereals exports skyrocketed to $X in 2019. Overall, exports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Libya (X tonnes) was the main destination for cereals exports from Egypt, accounting for a X% share of total exports. Moreover, cereals exports to Libya exceeded the volume sent to the second major destination, Syrian Arab Republic (X tonnes), sevenfold. Turkey (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Libya stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-X% per year) and Turkey (-X% per year).

In value terms, Libya ($X) remains the key foreign market for cereals exports from Egypt, comprising X% of total exports. The second position in the ranking was occupied by Algeria ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Libya amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+X% per year) and the UK (+X% per year).

Export Prices by Country

In 2018, the average cereals export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, export price indicated notable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cereals export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bahrain ($X per tonne), while the average price for exports to Palestine ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Cereals Imports

Imports into Egypt

In 2019, approx. X tonnes of cereals were imported into Egypt; growing by X% against 2018 figures. In general, total imports indicated a resilient expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, cereals imports skyrocketed to $X in 2019. Overall, total imports indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2018, Russia (X tonnes) constituted the largest supplier of cereals to Egypt, accounting for a X% share of total imports. Moreover, cereals imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tonnes), twofold. The third position in this ranking was occupied by Brazil (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Brazil (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of cereals to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2018, the average cereals import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cereals in the world?

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The countries with the highest volumes of cereals consumption in 2019 were China (645M tonnes), the U.S. (405M tonnes) and India (324M tonnes), with a combined 45% share of global consumption. Indonesia, Brazil, Bangladesh, Viet Nam, Russia, Mexico and Egypt lagged somewhat behind, together comprising a further 16%.

What are the largest producers of cereals in the world?

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The countries with the highest volumes of cereals production in 2019 were China (628M tonnes), the U.S. (473M tonnes) and India (324M tonnes), with a combined 47% share of global production. These countries were followed by Indonesia, Russia, Brazil, Ukraine, Argentina, France, Bangladesh, Canada and Viet Nam, which together accounted for a further 24%.

What are the leading suppliers of cereals to Egypt?

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In value terms, Russia ($1.6B) constituted the largest supplier of cereals to Egypt, comprising 38% of total imports. The second position in the ranking was occupied by Ukraine ($770M), with a 19% share of total imports. It was followed by Brazil, with a 12% share.

What are the leading importers of cereals from Egypt?

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In value terms, Libya ($1.2M) remains the key foreign market for cereals exports from Egypt, comprising 28% of total exports. The second position in the ranking was occupied by Algeria ($182K), with a 4.3% share of total exports. It was followed by the UK, with a 3.9% share.

What is the average export price for cereals in Egypt?

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The average cereals export price stood at $395 per tonne in 2018, shrinking by -13% against the previous year.

What is the average import price for cereals in Egypt?

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The average cereals import price stood at $188 per tonne in 2018, growing by 9.3% against the previous year.