Egypt: Oil Crops Market 2024

Oil Crops Market Size in Egypt

After five years of growth, the Egyptian oil crops market decreased by X% to $X in 2022. In general, consumption, however, enjoyed a resilient increase. Oil crops consumption peaked at $X in 2021, and then declined in the following year.

Oil Crops Production in Egypt

In value terms, oil crops production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Oil crops production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average oil crops yield in Egypt expanded significantly to X tons per ha, increasing by X% compared with 2021 figures. Over the period under review, the yield, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The oil crops yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Egypt reached X ha, with an increase of X% against 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the oil crops harvested area remained at a lower figure.

Oil Crops Exports

Exports from Egypt

In 2022, overseas shipments of oil crops (primary) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, oil crops exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Turkey (X tons) and Morocco (X tons) were the main destinations of oil crops exports from Egypt, together accounting for X% of total exports. Germany, Algeria, Switzerland, the Netherlands, Israel, Libya, Syrian Arab Republic, Japan, Palestine and Tunisia lagged somewhat behind, together comprising a further X%.

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

In value terms, Turkey ($X), Morocco ($X) and Italy ($X) appeared to be the largest markets for oil crops exported from Egypt worldwide, together comprising X% of total exports. Germany, Algeria, Switzerland, the Netherlands, Israel, Libya, Syrian Arab Republic, Japan, Tunisia and Palestine lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Syrian Arab Republic, 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

In 2022, the average oil crops export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports into Egypt

In 2022, after eight years of growth, there was significant decline in supplies from abroad of oil crops (primary), when their volume decreased by X% to X tons. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, oil crops imports stood at $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest oil crops supplier to Egypt, with a X% share of total imports. Moreover, oil crops imports from the United States exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), more than tenfold. The third position in this ranking was held by Argentina (X tons), with a X% share.

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

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

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

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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