Egypt - Ghee - Market Analysis, Forecast, Size, Trends and Insights

Egypt: Ghee Market Overview 2019

Ghee Market Size in Egypt

The revenue of the ghee market in Egypt amounted to $X in 2017, reducing 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, ghee consumption continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2011, when market value increased by X% year-to-year. Over the period under review, the ghee market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Ghee Exports

Exports from Egypt

In 2017, the amount of ghee exported from Egypt totaled X tonnes, going down by -X% against the previous year. In general, ghee exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. The exports peaked of X tonnes in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

In value terms, ghee exports stood at $X in 2017. In general, ghee exports continue to indicate a strong expansion. The exports peaked of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Exports by Country

Libya (X tonnes) was the main destination of ghee exports from Egypt, accounting for X% share of total exports. Moreover, ghee exports to Libya exceeded the volume sent to the second major destination, Iraq (X tonnes), fivefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Libya stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+X% per year) and the U.S. (X% per year).

In value terms, largest markets for ghee exported from Egypt were Libya ($X), Iraq ($X) and the U.S. ($X), with a combined X% share of total exports. Singapore, Turkey and Jordan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Singapore (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average ghee export price amounted to $X per tonne, surging by X% against the previous year. In general, ghee export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2012, when the average export price increased by X% year-to-year. Over the period under review, the average export prices for ghee reached its maximum level in 2017, and is likely to see steady growth in the near future.

Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($X per kg), while average price for exports to Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Turkey (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Egypt

In 2017, ghee imports into Egypt stood at X tonnes, coming down by -X% against the previous year. In general, ghee imports continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. The imports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, ghee imports amounted to $X in 2017. Overall, ghee imports continue to indicate a moderate expansion. Over the period under review, the ghee imports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, New Zealand (X tonnes) constituted the largest supplier of ghee to Egypt, with a X% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second largest supplier, the Netherlands (X tonnes), threefold.

From 2007 to 2017, the average annual rate of growth in terms of volume from New Zealand amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (-X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Egypt, making up X% of total ghee imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2017, the average annual rate of growth in terms of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (-X% per year).

Import Prices by Country

In 2017, the average ghee import price amounted to $X per tonne, jumping by X% against the previous year. In general, ghee import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013, an increase of X% y-o-y. The import price peaked in 2017, and is expected to retain its growth in the near future.

Average import prices varied somewhat amongst the major supplying countries. In 2017, the country with the highest import price was France ($X per tonne), while price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform