Egypt: Maize Oil Market 2024

Maize Oil Market Size in Egypt

The Egyptian maize oil market declined rapidly to $X in 2022, falling by X% against the previous year. Overall, consumption saw a deep downturn. Maize oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Maize Oil Production in Egypt

In value terms, maize oil production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with a decrease of X% against the previous year. Maize oil production peaked in 2022 and is expected to retain growth in the immediate term.

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Maize Oil Exports

Exports from Egypt

In 2022, maize oil exports from Egypt fell notably to X tons, with a decrease of X% on the year before. Over the period under review, exports, however, saw temperate growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, maize oil exports reduced notably to $X in 2022. Overall, exports, however, recorded tangible growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Libya (X tons), Jordan (X tons) and Kenya (X tons) were the main destinations of maize oil exports from Egypt, together comprising X% of total exports. Saudi Arabia, Oman, the United Arab Emirates, Palestine and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maize oil exported from Egypt were Libya ($X), Jordan ($X) and Kenya ($X), together comprising X% of total exports. Saudi Arabia, Oman, the United Arab Emirates, Palestine and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded 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

The average maize oil export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a modest increase 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, maize oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Kenya ($X per ton) and Jordan ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Egypt

For the third consecutive year, Egypt recorded decline in supplies from abroad of maize oil, which decreased by X% to X tons in 2022. In general, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, maize oil imports declined dramatically to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of maize oil to Egypt, with a X% share of total imports. Moreover, maize oil imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Turkey (X% per year).

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

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

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Turkey ($X per ton), while the price for Brazil ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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