Updated Jan 10, 2023 22:25

Preserved Frozen Potato Market in Egypt

Market Overview
The Egyptian preserved frozen potato market dropped remarkably to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a somewhat lower figure.

In value terms, preserved frozen potato production shrank to $ in estimated in export price. Overall, the total production indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2013 with an increase of %. As a result, production reached the peak level of $. From 2014 to , production growth remained at a lower figure.


Consumption
For the fifth year in a row, Egypt recorded decline in consumption of frozen potatoes (prepared or preserved), which decreased by -% to tons in . Over the period under review, the total consumption indicated a slight increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2017 indices. Preserved frozen potato consumption peaked at tons in 2017; however, from 2018 to , consumption failed to regain momentum.

The revenue of the preserved frozen potato market in Egypt declined markedly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a mild expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for preserved frozen potato in Egypt, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of preserved frozen potato in Egypt were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for preserved frozen potato. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Egypt remains a net exporter of preserved frozen potato; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.