Egypt: Ghee Market 2022

Ghee Market Size in Egypt

The Egyptian ghee market declined sharply to $X in 2021, which is down 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). Over the period under review, consumption showed a noticeable slump. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Ghee Exports

Exports from Egypt

In 2021, the amount of ghee exported from Egypt surged to X tons, rising by X% against 2020. Overall, exports posted a resilient increase. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ghee exports surged to $X in 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lebanon (X tons) was the main destination for ghee exports from Egypt, with a X% share of total exports. Moreover, ghee exports to Lebanon exceeded the volume sent to the second major destination, Palestine (X tons), ninefold. Kuwait (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Lebanon stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+X% per year) and Kuwait (+X% per year).

In value terms, Lebanon ($X) remains the key foreign market for ghee exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Palestine ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lebanon totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2021, the average ghee export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded resilient growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Kuwait ($X per ton) was 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.

Ghee Imports

Imports into Egypt

In 2021, imports of ghee into Egypt dropped dramatically to X tons, waning by -X% on 2020 figures. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ghee imports fell markedly to $X in 2021. Overall, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, New Zealand (X tons) constituted the largest ghee supplier to Egypt, with a X% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. Uganda (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Uganda (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Egypt, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Uganda, with a X% share.

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

Import Prices by Country

The average ghee import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Uganda ($X per ton) and New Zealand ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :