Egypt: Smoked Herring Market 2024

Smoked Herring Market Size in Egypt

The Egyptian smoked herring market dropped to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Smoked herring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Smoked Herring Production in Egypt

In value terms, smoked herring production shrank to $X in 2022 estimated in export price. Overall, production faced a deep setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Smoked herring production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Smoked Herring Exports

Exports from Egypt

In 2022, exports of smoked herrings from Egypt surged to X tons, with an increase of X% on the year before. In general, exports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, smoked herring exports skyrocketed to $X in 2022. Over the period under review, exports recorded a perceptible increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for smoked herring exports from Egypt, with a X% share of total exports. Moreover, smoked herring exports to the United States exceeded the volume sent to the second major destination, Palestine (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for smoked herrings exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Palestine ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average smoked herring export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated slight 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, smoked herring export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($X per ton) and the United States ($X per ton), while the average price for exports to Kuwait ($X per ton) and Bahrain ($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 Palestine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Egypt

In 2018, supplies from abroad of smoked herrings decreased by X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, smoked herring imports fell notably to $X in 2018. Overall, imports faced a sharp reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Nigeria (X kg) was the main supplier of smoked herring to Egypt, with a approx. X% share of total imports.

From 2013 to 2018, the average annual growth rate of volume from Nigeria was relatively modest.

In value terms, Nigeria ($X) constituted the largest supplier of smoked herrings to Egypt.

From 2013 to 2018, the average annual rate of growth in terms of value from Nigeria was relatively modest.

Import Prices by Country

In 2018, the average smoked herring import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2013 to 2018, the rate of growth in terms of prices for Greece amounted to X% per year.

Source: IndexBox Platform

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