Egypt: Sugar Market 2024

Sugar Market Size in Egypt

In 2022, the Egyptian sugar market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, showed a perceptible downturn. Sugar consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Production in Egypt

In value terms, sugar production totaled $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average sugar yield in Egypt stood at less than X kg per ha, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar in Egypt stood at less than X ha, approximately equating 2021. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Sugar Exports

Exports from Egypt

Sugar exports from Egypt surged to X tons in 2022, rising by X% on the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X,618%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar exports surged to $X in 2022. Overall, exports, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of X,839% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X tons) was the main destination for sugar exports from Egypt, accounting for a X% share of total exports. Moreover, sugar exports to Kenya exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Rwanda (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 Kenya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Rwanda (X% per year).

In value terms, Kenya ($X) emerged as the key foreign market for sugar exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

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

Export Prices by Country

The average sugar export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Imports

Imports into Egypt

In 2022, approx. X tons of sugar were imported into Egypt; rising by X% compared with the previous year's figure. Overall, imports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar imports soared to $X in 2022. In general, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of sugar to Egypt, accounting for a X% share of total imports. It was followed by the UK (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%.

In value terms, Brazil ($X) constituted the largest supplier of sugar to Egypt, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%.

Import Prices by Country

In 2022, the average sugar import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a moderate expansion 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. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the UK stood at $X per ton.

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

Source: IndexBox Platform

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