Egypt: Skim Powdered Milk Market 2024

Skim Powdered Milk Market Size in Egypt

The Egyptian skim powdered milk market rose significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a pronounced reduction. Skim powdered milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Skim Powdered Milk Production in Egypt

In value terms, skim powdered milk production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Skim powdered milk production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Skim Powdered Milk Exports

Exports from Egypt

Skim powdered milk exports from Egypt skyrocketed to X tons in 2022, growing by X% against the previous year. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, skim powdered milk exports surged to $X in 2022. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for skim powdered milk exports from Egypt, accounting for a X% share of total exports. Moreover, skim powdered milk exports to Yemen exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), fourfold. Madagascar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Madagascar (X% per year).

In value terms, Yemen ($X) emerged as the key foreign market for skim powdered milk exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Madagascar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Madagascar (X% per year).

Export Prices by Country

The average skim powdered milk export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain 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 Libya ($X per ton) and Madagascar ($X per ton), while the average price for exports to Sudan ($X per ton) and Yemen ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Powdered Milk Imports

Imports into Egypt

In 2022, purchases abroad of skim powdered milk decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, skim powdered milk imports soared to $X in 2022. In general, total imports indicated slight growth 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), France (X tons) and Germany (X tons) were the main suppliers of skim powdered milk imports to Egypt, together accounting for X% of total imports. Canada, the UK, Sweden, the United States, New Zealand, Finland, Poland and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, Turkey ($X), France ($X) and Germany ($X) appeared to be the largest skim powdered milk suppliers to Egypt, with a combined X% share of total imports. Canada, the UK, Sweden, the United States, New Zealand, Finland, Poland and India lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average skim powdered milk import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :