Egypt: Cherry Market Overview 2021

Cherry Market Size in Egypt

The Egyptian cherry market skyrocketed to $X in 2019, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Cherry Exports

Exports from Egypt

In 2019, exports of cherries from Egypt reduced markedly to X tonnes, falling by -X% on the previous year's figure. Over the period under review, exports recorded a slight decrease. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, cherry exports dropped rapidly to $X in 2019. In general, exports posted temperate growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2018, and then fell sharply in the following year.

Exports by Country

Mauritius (X tonnes), Kenya (X tonnes) and Oman (X tonnes) were the main destinations of cherry exports from Egypt, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Oman, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) emerged as the key foreign market for cherry exports from Egypt, comprising X% of total exports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+X% per year) and Kuwait (-X% per year).

Export Prices by Country

In 2019, the average cherry export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then contracted in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Egypt

In 2019, the amount of cherries imported into Egypt skyrocketed to X tonnes, increasing by X% against the previous year's figure. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes; afterwards, it flattened through to 2019.

In value terms, cherry imports surged to $X in 2019. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2017 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Syrian Arab Republic (X tonnes) constituted the largest supplier of cherry to Egypt, accounting for a X% share of total imports. Moreover, cherry imports from Syrian Arab Republic exceeded the figures recorded by the second-largest supplier, Lebanon (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume from Syrian Arab Republic amounted to +X%.

In value terms, Syrian Arab Republic ($X) constituted the largest supplier of cherry to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Syrian Arab Republic stood at +X%.

Import Prices by Country

The average cherry import price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Lebanon ($X per tonne), while the price for Syrian Arab Republic totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lebanon.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?

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Turkey (765K tonnes) constituted the country with the largest volume of cherry consumption, comprising approx. 19% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, Russia (378K tonnes), twofold. The U.S. (366K tonnes) ranked third in terms of total consumption with a 8.9% share.

What are the largest producers of cherries in the world?

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The countries with the highest volumes of cherry production in 2019 were Turkey (846K tonnes), the U.S. (440K tonnes) and Russia (292K tonnes), together comprising 39% of global production. Iran, Uzbekistan, Ukraine, Chile, Poland, Spain, Serbia, Italy, Greece and Romania lagged somewhat behind, together comprising a further 41%.

What are the leading suppliers of cherries to Egypt?

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In value terms, Syrian Arab Republic ($2.4M) constituted the largest supplier of cherry to Egypt, comprising 63% of total imports. The second position in the ranking was occupied by Lebanon ($1.2M), with a 31% share of total imports.

What are the leading importers of cherries from Egypt?

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In value terms, Kenya ($31K) emerged as the key foreign market for cherry exports from Egypt, comprising 55% of total exports. The second position in the ranking was occupied by Mauritius ($11K), with a 19% share of total exports. It was followed by Kuwait, with a 11% share.

What is the average export price for cherries in Egypt?

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The average cherry export price stood at $2,523 per tonne in 2019, reducing by -13.2% against the previous year.

What is the average import price for cherries in Egypt?

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The average cherry import price stood at $1,025 per tonne in 2019, dropping by -15.9% against the previous year.