Egypt: Market for Flours, Meals And Pellets Of Fish 2023

Market Size for Flours, Meals And Pellets Of Fish in Egypt

The Egyptian fish meals and pellet market declined rapidly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a perceptible slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Egypt

In value terms, fish meals and pellet production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports from Egypt

After four years of decline, overseas shipments of flours, meals and pellets of fish increased by X% to X tons in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish meals and pellet exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for fish meals and pellet exports from Egypt, with a X% share of total exports. Moreover, fish meals and pellet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for flours, meals and pellets of fish exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a mild curtailment. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into Egypt

In 2022, overseas purchases of flours, meals and pellets of fish were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports reached $X in 2022. In general, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of fish meals and pellet to Egypt, with a X% share of total imports. Moreover, fish meals and pellet imports from the United States exceeded the figures recorded by the second-largest supplier, Oman (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and Pakistan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of flours, meals and pellets of fish to Egypt, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the average fish meals and pellet import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a pronounced downturn. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :