Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt (FOB) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt (CIF) - 2022
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,328 per ton, picking up by 17% against the previous year. Overall, the export price showed a measured increase. The pace of growth was the most pronounced in 2020 an increase of 57%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mauritius ($2,328 per ton) and Rwanda ($2,328 per ton), while the average price for exports to Syrian Arab Republic ($2,328 per ton) and Palestine ($2,328 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,414 per ton in 2022, jumping by 29% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +82.1% against 2019 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 countries with the highest prices were the United Arab Emirates ($2,414 per ton) and Indonesia ($2,414 per ton), while the price for Australia ($2,414 per ton) and Italy ($2,414 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt

In 2022, approx. 8.9K tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Egypt; growing by 20% on 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $21M in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 63%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Egypt in 2022:

1. Libya (2772.8 tons)
2. Iraq (2735.2 tons)
3. Palestine (832.7 tons)
4. Syrian Arab Republic (642.5 tons)
5. Lebanon (601.1 tons)
6. Ethiopia (218.5 tons)
7. Rwanda (173.2 tons)
8. Mauritius (149.4 tons)
9. Kuwait (140.6 tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Egypt

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Egypt contracted to 4.1K tons in 2022, falling by -11.2% against 2021 figures. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats amounted to $10M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Egypt in 2022:

1. Germany (1572.3 tons)
2. United Arab Emirates (1260.3 tons)
3. Italy (316.2 tons)
4. Spain (249.5 tons)
5. Indonesia (227.4 tons)
6. Malaysia (121.8 tons)
7. Netherlands (67.7 tons)
8. Australia (47.8 tons)
9. Belgium (1.9 tons)

Source: IndexBox Market Intelligence Platform