Egypt: Soya Bean Market 2024

Soya Bean Market Size in Egypt

In 2022, after five years of growth, there was significant decline in the Egyptian soya bean market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Soya Bean Production in Egypt

In value terms, soya bean production declined to $X in 2022 estimated in export price. In general, production, however, saw modest growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average soya bean yield in Egypt shrank slightly to X tons per ha, which is down by X% compared with 2021. Overall, the yield showed a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X%. The soya bean yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the soya bean harvested area in Egypt contracted to X ha, waning by X% compared with 2021. Overall, the total harvested area indicated resilient growth from 2012 to 2022: its figure 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, soya bean harvested area increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

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Soya Bean Exports

Exports from Egypt

In 2022, approx. X tons of soya beans were exported from Egypt; with a decrease of X% compared with the previous year's figure. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, soya bean exports fell remarkably to $X in 2022. Over the period under review, exports recorded a precipitous slump. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for soya bean exports from Egypt, with a X% share of total exports. Moreover, soya bean exports to Algeria exceeded the volume sent to the second major destination, Libya (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria totaled X%.

In value terms, Algeria ($X) emerged as the key foreign market for soya beans exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Libya ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Algeria was relatively modest.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Libya amounted to $X per ton.

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

Soya Bean Imports

Imports into Egypt

In 2022, after eight years of growth, there was significant decline in purchases abroad of soya beans, when their volume decreased by X% to X tons. Overall, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, soya bean imports reduced slightly to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of soya bean to Egypt, with a X% share of total imports. Moreover, soya bean imports from the United States exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), more than tenfold. Argentina (X tons) ranked third in terms of total imports 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 ($X) constituted the largest supplier of soya beans to Egypt, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with an X% share of total imports. It was followed by Brazil, 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: Uruguay (X% per year) and Brazil (X% per year).

Import Prices by Country

The average soya bean import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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