Egypt: Preserved Tuna Market 2024

Preserved Tuna Market Size in Egypt

The Egyptian preserved tuna market dropped notably to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then reduced markedly in the following year.

Preserved Tuna Production in Egypt

In value terms, preserved tuna production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Preserved Tuna Exports

Exports from Egypt

In 2022, preserved tuna exports from Egypt surged to X tons, rising by X% against 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, preserved tuna exports surged to $X in 2022. In general, exports continue to indicate perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Libya (X tons) was the main destination for preserved tuna exports from Egypt, with a X% share of total exports. Moreover, preserved tuna exports to Libya exceeded the volume sent to the second major destination, Sudan (X tons), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to Libya amounted to X.1%.

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

From 2013 to 2022, the average annual rate of growth in terms of value to Libya totaled X.9%.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a notable expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%).

Preserved Tuna Imports

Imports into Egypt

In 2022, supplies from abroad of tuna (prepared or preserved) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, preserved tuna imports expanded slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest preserved tuna supplier to Egypt, with a X% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to Egypt, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average preserved tuna import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a measured increase 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, preserved tuna import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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