Egypt: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Egypt

The Egyptian mushroom and truffle market reduced sharply to $X in 2023, with a decrease of X% against the previous year. Overall, consumption faced a sharp slump. Mushroom and truffle consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Mushroom And Truffle Production in Egypt

In value terms, mushroom and truffle production amounted to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

The average yield of mushrooms and truffles in Egypt totaled less than X kg per ha in 2023, approximately mirroring 2022 figures. Over the period under review, the yield recorded 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 2023, approx. less than X ha of mushrooms and truffles were harvested in Egypt; standing approx. at 2022 figures. Over the period under review, the harvested area saw a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Egypt

In 2023, approx. X tons of mushrooms and truffles were exported from Egypt; with an increase of X% compared with the previous year's figure. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, mushroom and truffle exports skyrocketed to $X in 2023. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Bahrain (X tons) was the main destination for mushroom and truffle exports from Egypt, with a X% share of total exports. Moreover, mushroom and truffle exports to Bahrain exceeded the volume sent to the second major destination, Seychelles (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

From 2014 to 2023, the average annual rate of growth in terms of volume to Bahrain totaled X.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (X% per year) and Saudi Arabia (X% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for mushrooms and truffles exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Seychelles ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2014 to 2023, the average annual rate of growth in terms of value to Bahrain stood at X.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Kuwait ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Bahrain ($X per ton) and Seychelles ($X per ton) were amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mushroom And Truffle Imports

Imports into Egypt

After four years of growth, supplies from abroad of mushrooms and truffles decreased by X% to X kg in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, mushroom and truffle imports declined sharply to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020, and then declined rapidly in the following year.

Imports by Country

In 2021, Brazil (X kg) was the main supplier of mushroom and truffle to Egypt, with a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2015 to 2021, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of mushrooms and truffles to Egypt, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price recorded a pronounced increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Italy (X%).

Source: IndexBox Platform