Egypt Agriculture Market Size
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Egypt Agriculture Market Analysis
- Agriculture in the Egyptian market is projected to witness a CAGR of 3.2% during the forecast period.
- Agriculture is a key sector in the Egyptian economy. In 2021, it contributed 11.83% of the country's gross domestic product (GDP) and accounted for 28% of the total employment. Egypt aims to increase the gross domestic product (GDP) contribution of its agriculture sector to 12% by 2024, in addition to increasing agricultural production by 30% by 2024, according to the Minister of Planning and Economic Development.
- An increasing number of projects to ensure food security, government initiatives to boost domestic production, and a focus on sustainable and green farming are the factors driving the market. The Ministry of Agriculture and Land Reclamation (MALR) lead the 2020-2023 Agricultural Innovation Project (AIP). The initiative aims to promote innovations in technologies to improve several issues in agriculture, such as inefficient farming techniques that lower farm output and food production, poor post-harvest facilities, and marketing infrastructure. The focus on creating innovative solutions would increase income for small-scale farmers in the country.
- Some of the major crops grown in Egypt include sugar beet, sugarcane, wheat, maize, rice, tomato, potato, onion, orange, grapes, and dates. Sugarcane is the prominent crop produced in the country, with a production quantity of 14,913.5 thousand metric tons in 2020, according to the Food and Agriculture Organization (FAO). With the implementation of various business models, the country aims to fulfill the quality requirements of the product and seize profitable sales opportunities in domestic and export markets.
Egypt Agriculture Industry Segmentation
Agriculture happened to be the backbone of the ancient Egyptian economy, and it was essential to the lives of the people who lived in Egypt. In the country, the agricultural sector is dominated by small farms using traditional practices that do not meet international standards.
The report offers insights into the agricultural ecosystem in Egypt by projecting the market growth trends. The report takes into consideration food crops, cash crops, fruits, and vegetables. The market is segmented by Crop Type (Cereals, Cash Crops, Vegetables, and Fruits). The report includes Production (volume), Consumption (volume and value), Import (volume and value), Export (volume and value), and Price Trend Analysis. The report offers market size and forecasts in terms of value (USD thousand) and volume (metric ton) for all the above segments.
|Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)|
Egypt Agriculture Market Trends
This section covers the major market trends shaping the Egypt Agriculture Market according to our research experts:
Favorable Government Initiatives to Boost Domestic Production
Agriculture is a vital component of the Egyptian economy. The government increased its support for the development of the agricultural sector by launching several campaigns and initiatives. As part of the International Fund for Agricultural Development (IFAD’s) rapid response during the pandemic, under the PRIME project, the Egyptian government developed an e-marketing platform called SHARI which allowed smallholder farmers to market and sell their products online to reduce the risks of exposure and also secure markets for them.
The government also aims to introduce new solutions, such as market linkages for smallholders that are fostered by improving their competitiveness in the value chain, facilitating roundtables, and developing out-grower schemes and public-private partnerships to boost production. For instance, in 2019, the Food and Agriculture Organization (FAO) and the Egyptian government launched a program to enhance agricultural productivity through digital technology. The implementation of digital technology helps farmers access information to better manage crops and livestock and help them make better agricultural decisions. With this initiative, the production of wheat increased in the country. For instance, according to the FAO, the production of wheat increased from 8.3 million metric ton in 2018 to 9 million metric ton in 2021.
Moreover, to build capacity in the private sector, USAID established a regional training center to increase and improve the productivity of farmers, laborers, packhouse managers, and buyers. Additionally, USAID's Feed the Future Egypt Rural Agribusiness Strengthening initiative assists farmers in Upper Egypt and the Delta in increasing their earnings by growing marketable products that meet international export requirements. This program invests 36.3 million dollars to strengthen agriculture in the period of 2018-2023. This is further likely to strengthen the importance of agriculture in Egypt.
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Steadily Expanding Export Market
Egypt's major agricultural exports to the world are potatoes, cotton, and fresh fruit, primarily citrus. As per Agricultural Export Council, an increase in the total quantities exported from the agricultural sector recorded about 3.971 million metric tons from September 2020 to June 2021, compared to 3.755 million metric tons during the same period from 2019-2020, with a growth of 5.7%.
The Agricultural Export Council aims to increase the exports of the agricultural sector by 10% during the 2021-2022 export season. Higher sales of citrus fruits, beets, and potatoes were the prominent crops that aided the record year for Egyptian agricultural exports in 2021, exceeding 5.6 million metric tons. Additionally, according to the ITC trade map, in 2021 the total fresh potatoes exported was valued at USD 194,955 thousand.
The expansion of agricultural greenhouses increased the production of quality pepper and its competitiveness in the international market in 2020. This contributed to stimulating international demand for the Egyptian product, taking exports of the previous season to about 7,500 metric tons at a value of USD 5.8 million. Along with this, USAID’s initiatives to increase exports are also favoring agriculture in the country.
The country's Sustainable Development Strategy toward 2030, focuses on increasing self-sufficiency concerning agricultural products to make the most of the water and land resources sustainably, thereby creating additional demand for Egyptian produce. Most of Egypt's exports are destined for the EU, Russia, North Africa, and the Middle East.
Egypt Agriculture Market News
July 2022: Egypt's Ministry of Planning invests LE 82.9 billion (USD 3.38 billion) in the agricultural sector for the next fiscal year 2022/2023, up from LE 62.9 billion (USD 2.56 billion) in 2021/2022, representing a 31.8% increase. In addition, the Ministry intends to boost agricultural production from LE 1.2 trillion (0.049 trillion) in 21/2022 to LE 1.37 (USD 0.056 trillion) trillion in 22/2023.
June 2022: The World Bank's Board of Executive Directors granted a USD 500 million loan to Egypt to support efforts to ensure that poor and vulnerable households have continuous access to bread, to increase Egypt's resilience to food crises, and to promote food security policy reforms.
May 2022: President Abd El-Fattah El-Sisi launched the 'Egypt's Future' agricultural production project, one of the state's most significant major national projects. This project's main goals include increasing production opportunities, providing high-quality agricultural products at reasonable prices to citizens, closing the production-import gap, and achieving food security and self-sufficiency in strategic commodities.
Egypt Agriculture Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
5. MARKET SEGMENTATION
5.1 Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
5.1.2 Cash Crop
6. INTERNATIONAL TRADE AND PRICE TREND ANALYSIS
6.3 Rice and Paddy
6.5 Sugar beet
7. REGIONAL ANALYSIS
7.1 PESTLE Analysis
7.2 Supply/Value Chain Analysis
7.3 Government Policies
8. COMPETITION ANALYSIS
8.1 Distribution Network and Retail Analysis
8.2 List/Profile of Key Players
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Egypt Agriculture Market Research FAQs
What is the study period of this market?
The Egypt Agriculture Market is studied from 2017 - 2027.
What is the growth rate of Egypt Agriculture Market?
The Egypt Agriculture Market is growing at a CAGR of 3.2% over the next 5 years.
Agriculture in Egypt Industry Report
Statistics for the 2023 Agriculture in Egypt market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agriculture in Egypt analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.