Egypt: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Egypt

The Egyptian market for frozen pig meat other than cuts or carcases fell slightly to $X in 2022, waning by -4.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Egypt

In value terms, production of frozen pig meat other than cuts or carcases reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20% against the previous year. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Egypt

In 2022, shipments abroad of frozen pig meat other than cuts or carcases decreased by -2.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 685% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases shrank to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 585% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Egypt, accounting for a 60% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+27.6% per year) and the United Arab Emirates (+25.7% per year).

In value terms, Kuwait ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Egypt, comprising 62% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Saudi Arabia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.6% per year) and Saudi Arabia (+1.3% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 an increase of 42% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($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 Kuwait (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Egypt

After three years of decline, supplies from abroad of frozen pig meat other than cuts or carcases increased by 44% to X tons in 2022. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 135% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases surged to $X in 2022. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 75% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main frozen pig meat other than cuts or carcases supplier to Egypt, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +4.7%.

In value terms, Brazil ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Egypt.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +6.2%.

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :