MENA: Egg Product Market 2024

Egg Product Market Size in MENA

In 2023, the MENA's egg product market increased by X% to $X, rising for the second consecutive year after five years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Egg Product Production in MENA

In value terms, egg product production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Egg Product Exports

Exports in MENA

In 2023, shipments abroad of egg products increased by X% to X tons, rising for the third year in a row after eight years of decline. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, egg product exports surged to $X in 2023. In general, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Morocco dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Kuwait (X%). The following exporters - Saudi Arabia (X tons), Turkey (X tons), Egypt (X tons) and Jordan (X tons) - together made up X% of total exports.

Morocco was also the fastest-growing in terms of the egg products exports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Jordan (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%), Egypt (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Turkey (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest egg product supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco amounted to X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, egg product export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Egg Product Imports

Imports in MENA

In 2023, after three years of decline, there was significant growth in overseas purchases of egg products, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, egg product imports surged to $X in 2023. In general, imports, however, continue to indicate a noticeable descent. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons) and the United Arab Emirates (X tons) were the main importers of egg products in 2023, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Qatar (X tons), Kuwait (X tons), Morocco (X tons), Tunisia (X tons) and Bahrain (X tons), together creating a X% share of total imports. Saudi Arabia (X tons), Lebanon (X tons), Iran (X tons), Israel (X tons) and Algeria (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest egg product importing markets in MENA were Morocco ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total imports. Qatar, Kuwait, Tunisia, Israel, Lebanon, Saudi Arabia, Bahrain, Iran and Algeria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform