Egypt: Frozen Potato Market 2022

Frozen Potato Market Size in Egypt

After three years of growth, the Egyptian frozen potato market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Frozen Potato Production in Egypt

In value terms, frozen potato production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted slightly in the following year.

Frozen Potato Exports

Exports from Egypt

In 2021, the amount of frozen potatoes exported from Egypt soared to X tons, picking up by X% on 2020. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen potato exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Jordan (X tons) were the main destinations of frozen potato exports from Egypt, together comprising X% of total exports. These countries were followed by Kuwait, Morocco, Oman, Pakistan, Bahrain, Hungary, Palestine and Sudan, which together accounted for a further X 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Jordan ($X) constituted the largest markets for frozen potato exported from Egypt worldwide, together accounting for X% of total exports. Kuwait, Morocco, Oman, Pakistan, Bahrain, Hungary, Palestine and Sudan lagged somewhat behind, together comprising a further X terms of the main countries of destination, Hungary, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Hungary ($X per ton) and Sudan ($X per ton), while the average price for exports to Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Egypt

In 2021, overseas purchases of frozen potatoes increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports, however, showed a mild descent. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, frozen potato imports expanded markedly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of frozen potato to Egypt, accounting for a X% share of total imports. Moreover, frozen potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the United States (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potato to Egypt, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the United States (+X% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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