Report Update: May 1, 2024

Egypt - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights

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Margarine and Shortening Price in Egypt - 2023

Margarine and Shortening Price in Egypt (FOB) - 2023

In July 2023, the average margarine and shortening export price amounted to $2,249 per ton, leveling off at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in October 2022 when the average export price increased by 23% m-o-m. The export price peaked in July 2023.

Average prices varied noticeably for the major foreign markets. In July 2023, the countries with the highest prices were Iraq ($2,456 per ton) and Palestine ($2,275 per ton), while the average price for exports to Morocco ($2,119 per ton) and Saudi Arabia ($2,119 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine and Shortening Price in Egypt (CIF) - 2023

The average margarine and shortening import price stood at $2,507 per ton in July 2023, rising by 3.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in October 2022 an increase of 34% against the previous month. The import price peaked in July 2023.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Ukraine ($2,507 per ton) and Indonesia ($2,507 per ton), while the price for Spain ($2,507 per ton) and Germany ($2,507 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Margarine and Shortening Exports in Egypt

For the fourth consecutive year, Egypt recorded growth in overseas shipments of margarine and shortening, which increased by 20% to 33K tons in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, margarine and shortening exports skyrocketed to $67M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Margarine and Shortening in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	N/A	N/A	10.1	13.8	36.6%
Libya	2.6	1.9	3.5	8.9	50.7%
Morocco	1.4	3.1	7.6	8.1	79.5%
Palestine	0.6	1.7	4.5	7.5	132.1%
Iraq	5.4	8.8	5.0	6.9	8.5%
Sudan	0.1	0.2	1.3	6.1	293.6%
Lebanon	1.2	1.5	2.6	5.1	62.0%
Saudi Arabia	0.4	0.9	1.4	2.8	91.3%
Jordan	0.9	1.6	3.4	2.8	46.0%
Others	1.6	3.7	7.5	5.2	48.1%
Total	14.3	23.4	46.8	67.2	67.5%

Top Export Markets for Margarine and Shortening from Egypt in 2022:

Bulgaria (7.0K tons)
Morocco (4.1K tons)
Libya (4.0K tons)
Palestine (3.7K tons)
Sudan (3.1K tons)
Iraq (3.0K tons)
Lebanon (2.5K tons)
Saudi Arabia (1.4K tons)
Jordan (1.4K tons)

Margarine and Shortening Imports in Egypt

In 2022, imports of margarine and shortening into Egypt declined to 4.6K tons, which is down by -6.4% against the previous year. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year.

In value terms, margarine and shortening imports skyrocketed to $11M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Margarine and Shortening in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,388	1,213	2,289	3,796	39.8%
United Arab Emirates	N/A	0.3	49.3	3,043	9971.4%
Italy	488	340	1,032	763	16.1%
Spain	195	648	911	602	45.6%
Indonesia	142	86.9	N/A	601	61.8%
Brazil	N/A	N/A	N/A	325	0%
Netherlands	391	451	627	306	-7.8%
Malaysia	1,147	1,480	1,189	294	-36.5%
Tunisia	406	262	150	199	-21.2%
Australia	264	252	N/A	115	-24.2%
Belgium	861	176	17.9	4.6	-82.5%
Ukraine	3,264	823	1,555	N/A	-31.0%
Others	665	345	1,230	752	4.2%
Total	9,212	6,077	9,052	10,800	5.4%

Top Suppliers of Margarine and Shortening to Egypt in 2022:

Germany (1572.3 tons)
United Arab Emirates (1260.3 tons)
Italy (316.2 tons)
Indonesia (254.7 tons)
Spain (249.5 tons)
Brazil (170.2 tons)
Netherlands (142.4 tons)
Malaysia (121.8 tons)
Tunisia (104.2 tons)
Australia (47.8 tons)
Belgium (1.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the margarine and shortening market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1242 - Margarine and Shortening

Country coverage:

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023