Egypt: Soya Sauce Market 2024

Soya Sauce Market Size in Egypt

The Egyptian soya sauce market rose significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Soya Sauce Production in Egypt

In value terms, soya sauce production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Soya Sauce Exports

Exports from Egypt

In 2022, overseas shipments of soya sauce decreased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, soya sauce exports fell significantly to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Palestine (X tons) was the main destination for soya sauce exports from Egypt, accounting for a X% share of total exports. Moreover, soya sauce exports to Palestine exceeded the volume sent to the second major destination, Germany (X tons), twofold.

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

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

From 2012 to 2022, the average annual growth rate of value to Palestine totaled X%.

Export Prices by Country

In 2022, the average soya sauce export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Palestine stood at $X per ton.

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 mixed trend patterns.

Soya Sauce Imports

Imports into Egypt

In 2022, approx. X tons of soya sauce were imported into Egypt; rising by X% against the year before. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, soya sauce imports soared to $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of soya sauce to Egypt, accounting for a X% share of total imports. Moreover, soya sauce imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of soya sauce to Egypt, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average soya sauce import price amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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

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

Source: IndexBox Platform

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