Egypt: Glucose Market 2024

Glucose Market Size in Egypt

The Egyptian glucose market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Glucose consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Glucose Production in Egypt

In value terms, glucose production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. Glucose production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Glucose Exports

Exports from Egypt

In 2022, approx. X tons of glucose and glucose syrup were exported from Egypt; growing by X% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, glucose exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Syrian Arab Republic (X tons), Algeria (X tons) and Sudan (X tons) were the main destinations of glucose exports from Egypt, with a combined X% share of total exports. Nigeria, Tunisia, Kenya and Morocco lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Syrian Arab Republic ($X), Algeria ($X) and Sudan ($X) were the largest markets for glucose exported from Egypt worldwide, together comprising X% of total exports. Tunisia, Nigeria, Kenya and Morocco lagged somewhat behind, together comprising a further X%.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glucose export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($X per ton) and Tunisia ($X per ton), while the average price for exports to Nigeria ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

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

Glucose Imports

Imports into Egypt

In 2022, approx. X tons of glucose and glucose syrup were imported into Egypt; with an increase of X% compared with the year before. In general, imports, however, recorded a abrupt downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glucose imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glucose supplier to Egypt, accounting for a X% share of total imports. Moreover, glucose imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. India (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of glucose and glucose syrup to Egypt, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average glucose import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glucose import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the Netherlands ($X per ton), while the price for China ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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