Price for Protein; Concentrates and Textured Protein Substances in Egypt - 2024

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Egypt (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in Egypt (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Egypt
4. Exports of Protein; Concentrates and Textured Protein Substances in Egypt

Price for Protein; Concentrates and Textured Protein Substances in Egypt (CIF) - 2022

In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $5,651 per ton, rising by 3.2% against the previous year. Over the period under review, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($5,654 per ton) and Argentina ($5,651 per ton), while the price for Serbia ($5,650 per ton) and Italy ($5,651 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in Egypt (FOB) - 2022

The average export price for protein; concentrates and textured protein substanceses stood at $7,493 per ton in 2022, dropping by -5.4% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for protein; concentrates and textured protein substanceses increased by +4.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 91%. The export price peaked at $8,455 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Jordan ($7,493 per ton) and Tanzania ($7,493 per ton), while the average price for exports to Palestine ($7,492 per ton) and Yemen ($7,493 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 Iraq (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in Egypt

For the third consecutive year, Egypt recorded decline in supplies from abroad of protein; concentrates and textured protein substanceses, which decreased by -23.4% to 948 tons in 2022. Overall, imports faced a abrupt decline. The smallest decline of -13.1% was in 2020.

In value terms, imports of protein; concentrates and textured protein substanceses shrank rapidly to $5.4M in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, imports reached the peak of $7.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Egypt in 2022:

1. Netherlands (306.2 tons)
2. United States (253.2 tons)
3. China (170.3 tons)
4. Argentina (154.8 tons)
5. Italy (17.3 tons)
6. Brazil (3.7 tons)
7. Germany (0.3 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Egypt

Exports of protein; concentrates and textured protein substanceses from Egypt expanded rapidly to 108 tons in 2022, with an increase of 7% on the previous year's figure. Overall, exports recorded mild growth. The pace of growth appeared the most rapid in 2021 with an increase of 195%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of protein; concentrates and textured protein substanceses totaled $809K in 2022. In general, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 227% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Egypt in 2022:

1. Saudi Arabia (50.1 tons)
2. Yemen (15.2 tons)
3. Jordan (8.7 tons)
4. Kenya (7.2 tons)
5. Spain (7.1 tons)
6. Tanzania (5.9 tons)
7. Palestine (3.9 tons)

Source: IndexBox Market Intelligence Platform