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Egypt - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Egypt: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Egypt

In 2019, the Egyptian virgin olive oil market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Virgin olive oil consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Virgin Olive Oil Production in Egypt

In value terms, virgin olive oil production contracted notably to $X in 2019 estimated in export prices. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2018 to 2019, production growth remained at a lower figure.

Virgin Olive Oil Exports

Exports from Egypt

In 2019, exports of virgin olive oil from Egypt dropped remarkably to X tonnes, falling by -X% compared with 2018 figures. In general, exports faced a deep contraction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, virgin olive oil exports declined significantly to $X in 2019. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Spain (X tonnes), Indonesia (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of virgin olive oil exports from Egypt, together comprising X% of total exports. These countries were followed by Mauritania, Saudi Arabia, Kenya and Australia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Indonesia ($X) and the United Arab Emirates ($X) constituted the largest markets for virgin olive oil exported from Egypt worldwide, together comprising X% of total exports. Kenya, Saudi Arabia, Australia and Mauritania lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Australia (+X% per year) saw the highest rates of growth with regard to 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 2019, the average virgin olive oil export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Kenya ($X per tonne), while the average price for exports to Mauritania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Egypt

In 2019, purchases abroad of virgin olive oil increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate moderate growth. Over the period under review, imports attained the peak figure at X tonnes in 2012; afterwards, it flattened through to 2019.

In value terms, virgin olive oil imports surged to $X in 2019. In general, imports posted tangible growth. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and Tunisia (X tonnes) were the main suppliers of virgin olive oil imports to Egypt, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Tunisia ($X) were the largest virgin olive oil suppliers to Egypt, with a combined X% share of total imports.

In terms of the main suppliers, Italy recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average virgin olive oil import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Greece ($X per tonne), while the price for Tunisia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
Spain (1.1M tonnes) constituted the country with the largest volume of virgin olive oil consumption, accounting for 31% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (542K tonnes), twofold. The U.S. (266K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for 51% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Greece (329K tonnes), sixfold. The third position in this ranking was occupied by Tunisia (287K tonnes), with a 7.8% share.
What are the leading suppliers of virgin olive oil to Egypt?
+
In value terms, the largest virgin olive oil suppliers to Egypt were Spain ($1.7M), Italy ($1.3M) and Tunisia ($564K), with a combined 88% share of total imports.
What are the leading importers of virgin olive oil from Egypt?
+
In value terms, Spain ($232K), Indonesia ($217K) and the United Arab Emirates ($124K) constituted the largest markets for virgin olive oil exported from Egypt worldwide, together comprising 68% of total exports. These countries were followed by Kenya, Saudi Arabia, Australia and Mauritania, which together accounted for a further 22%.
What is the average export price for virgin olive oil in Egypt?
+
The average virgin olive oil export price stood at $3,250 per tonne in 2019, with a decrease of -12.6% against the previous year.
What is the average import price for virgin olive oil in Egypt?
+
The average virgin olive oil import price stood at $3,684 per tonne in 2019, with a decrease of -28.6% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Egypt

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Egypt
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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