Introduction and overview on palm oil market in Egypt
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Presented by: Dr. Reda ABDELGALIL Chamber of Food Industries – CFI 16 April 2018
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Introduction and overview on palm oil market in Egypt
- 1. 1 Introduction And Overview On Palm Oil Market In Egypt Workshop on Palm Oil Applications “Bakery Industry in Egypt – Development & Challenges” Malaysian Palm Oil Council (MPOC), Alexandria, Egypt Dr. Reda ABDELGALIL Chamber of Food Industries – CFI 16 April 2018
- 2. 2 PRESENTATION OUTLINE OILS AND FATS INDUSTRY IN EGYPT Production Introduction Consumption International Trade PALM OIL MARKET IN EGYPT Marketing Conclusion
- 3. Introduction
- 4. Egyptian edible oils sector is has a distinguished rank in the agricultural sector. Edible oil products have existed since ancient Egypt and were only afforded by the royalty, religious men, and wealthy. The first factory extracted cottonseed oil was established in 1888. The modern edible oils industry started in 1920. Progressive expansion of the private sector took places since 1977. Increase in edible oils consumption created a gap between its supply and demand. Introduction
- 5. Egypt's production of edible vegetable oils has been suffering several challenges. Egypt suffers a severe shortage in the production of oilseeds. Actually Egypt is relying on imported raw materials. Cotton, soybean and sunflower are the main domestic production of edible oils crops. Total Investments in the edible oils sector more than to 15 billion EGP. The edible oils sector in Egypt has attracted international investment e.g (Savola, Arma, Iffco, Migop…..etc). Introduction
- 6. Production
- 7. Current estimated annual growth rate of oil production is 7%. Egypt’s annual oilseed crushing capacity is 8,000 T/day. Cotton oil production at 13,000 T in 2017. Sunflower oil production at 29,000 T in 2017. Soybean oil production at 336,000 T in 2017. Total Egyptian refining capacity for vegetable seed oils and palm oil is currently estimated at 1.5 MT/year. All palm oil is delivered in refined form and requires minimal processing before being packaged, mainly post/bleaching and re/deodorization. Production
- 8. Production Source: OIL WORLD 336 13 29 22 107 206 11 2524 103 314 182420 102 0 50 100 150 200 250 300 350 400 Soybean oilCotton oilSunfloweroilOlive oilButter,as fat 2017 2016 2015
- 9. Consumption
- 10. Local Egyptian oils production covers about 5% of the consumption. Vegetable oils in Egypt are consumed in liquid & artificial ghee. Annual oil consumption is about 2.18 million tons. Annual growth in oil market is estimated at 8%. Annual Per capita consumption is about 23 kg /year. Around 68 million Egyptians rely on government subsidies smartcards. The large youth population are using more western style snacks and switching over to fast moving consumer goods and processed food . Consumption
- 11. Palm oil is the most consumed oil in Egypt. Egypt the major consumer of palm oil in the Middle East. Palm oil is consumed individually or for industrial purposes. Palm oil maintains its market share due to competitive pricing. Palm stearin is imported as a substitute for tallow in the manufacture of soap. Oil consumption in 2017: - Palm oil 861,000 Ton. - Sunflower 570,000 Ton. - Soybean 521,000 Ton. - Corn oil 44,ooo Ton. Consumption
- 12. Consumption Source: OIL WORLD 861 521 13 570 44 19 50 8 134 660 842 12 369 43 21 64 10 149 759 708 18 346 38 19 62 21 151 0 100 200 300 400 500 600 700 800 900 1000 Consumption (1000 T) 2017 2016 2015
- 13. Consumption Source: OIL WORLD Palm oil 39% Soybean oil 23% Cotton oil 1% Sunfloweroil 26% Corn oil 2% Olive oil 1% Palmkern oil 2% Butter,as fat 6% Consumption 2017 Palm oil Soybean oil Cotton oil Sunfloweroil Corn oil Olive oil Palmkern oil Butter,as fat
- 15. Most of Egypt's oils exports are of olive oil, Soybean oil, cottonseed oil and soybean meal. 80% of total exports are to Arab countries in terms of value. The remaining 20% were split among the EU and non-Arab African countries. The basket of imported oils products: palm oil, Sunflower oil, and soybean oil. The average price for the last year: • Sunflower oil’s is 970 $ /Ton. • Soybean oil is 745 $ /Ton. • Palm oil is 672 $ /Ton. International Trade
- 16. Imports International Trade The average price for the last year 0 200 400 600 800 1000 1200 Sunflower Oil Palm oil Soybean Oil OIL WORLD ANNUAL Source: Chamber of Food Industries
- 17. Exports International Trade Source: OIL WORLD 134 96 29 11 3 145 90 25 12 4 129 116 22 5 3 0 20 40 60 80 100 120 140 160 Palm oil Soybean oil Sunfloweroil Corn oil Olive oil Export (1000 T) 2017 2016 2015
- 18. Exports International Trade - 0.05 0.10 0.15 0.20 0.25 0.30 0.35 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 USDB Morocco 17% Jordan 14% Pakistan 12% Netherlands 6% Lebanon 5% Syria 5% Palestine 4% Others 37% Export Geographical Distribution Source: OIL WORLD
- 19. Imports International Trade 236 560 55 970 50 8 20 790 429 55 790 64 10 53 465 234 43 838 62 21 52 0 200 400 600 800 1000 1200 Soybean oil Sunfloweroil Corn oil Palm oil Palmkern oil Coconut oil Butter,as fat Imports (1000 T) 2017 2016 2015 Source: OIL WORLD
- 20. Imports International Trade Soybean oil 36% Sunfloweroil 19% Corn oil 3% Palm oil 36% Palmkern oil 3% Others 3% 2016 Soybean oil Sunfloweroil Corn oil Palm oil Palmkern oil Others Soybean oil 12% Sunfloweroil 30% Corn oil 3% Palm oil 51% Palmkern oil 3% Butter,as fat 1% 2017 Soybean oil Sunfloweroil Corn oil Palm oil Palmkern oil Butter,as fat
- 21. Imports International Trade Saunflower oil 30% Palm oil 51% Soybean oil 12% Others 7% Russia Ukraine Argentina Turkey USA Indonesia Malaysia Source: OIL WORLD
- 22. Imports International Trade Source: OIL WORLD 8 10 21 0 5 10 15 20 25 2017 2016 2015 Coconut oil Import (1000 T)
- 23. Imports International Trade 625.7 162.3 2.1 624.3 213.5 0.4 529.6 350.4 0.5 0 100 200 300 400 500 600 700 Indonesia Malaysia Oth Countries Palm Oil Import by Country (1000 T) 2016 2015 2014 Source: OIL WORLD
- 24. Imports International Trade 29.1 35.2 0 16.4 45.6 0.2 33.4 52.6 0 0 10 20 30 40 50 60 Indonesia Malaysia Oth Countries Palm Kernel Oil Import by Country (1000 T) 2016 2015 2014 Source: OIL WORLD
- 25. PALM OIL MARKET IN EGYPT
- 26. Imports International Trade Country Quantity (Tonnes) % Diff Value (US Million $) % Diff2015 2016 2015 2016 Egypt 210 152 -27.6 115 107 -13.5 Country Quantity (Tonnes) % Diff Value (US Million $) % Diff2016 2017 2016 2017 Egypt 152 192 26.4 107 223 39.4 Malaysia: Export of Palm Oil to Egypt (Quantity & Value) Source: MPOB Africa Region
- 27. Imports International Trade 192 152 210 223 107 115 0 50 100 150 200 250 2017 2016 2015 Palm Oil Import from Malaysia Quantity (Ton) Value (US Million $) Source: MPOB Africa Region
- 28. Imports International Trade Malaysia: Export of Palm Kernel Oil to Egypt (Quantity & Value) Country Quantity (Tonnes) % Diff Value (US Million $) % Diff2015 2016 2015 2016 Egypt 41 35 -14.7 38 45 13.7 Country Volume (Tonnes) % Diff. Value (US Million $) % Diff. 2016 2017 2016 2017 Egypt 35 23 -34.7 45 37 -21.1 Source: MPOB Africa Region
- 29. Imports International Trade 23 35 41 38 45 37 0 5 10 15 20 25 30 35 40 45 50 2017 2016 2015 Palm Kernel Oil Import from Malaysia Quantity (Ton) Value (US Million $) Source: MPOB Africa Region
- 30. Imports International Trade Malaysia: Export of Oil Palm Products to Egypt (Quantity & Value) Country Quantity (Tonnes) % Diff Value (US Million $) % Diff2015 2016 2015 2016 Egypt 300 245 -18.4 189 201 -1.5 Country Volume (Tonnes) % Diff. Value (US Million $) % Diff. 2016 2017 2016 2017 Egypt 245 250 2.0 201 223 11.1 Source: MPOB Africa Region
- 31. Imports International Trade Source: MPOB Africa Region 250 245 300 223 201 189 0 50 100 150 200 250 300 350 2017 2016 2015 Oil Palm Products Import from Malaysia Quantity (Ton) Value (US Million $)
- 32. Use of palm oil in Egypt Source: approximate [CATEGORY NAME], [VALUE] Specialty fats ; 19% [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE] [CATEGORY NAME], [VALUE]
- 33. Palm Oil Applications in Food Industries
- 34. Palm Oil Applications in Food Industries
- 35. Marketing
- 36. Egypt is a potential market for Edible Oil due to: 1. Growing population. 2. Insufficient oils and fats production. 3. Fast growing food industries. 4. Available infrastructure. 5. Trade agreements. Marketing
- 37. (Follow): 6. Modifying the legislative structure. 7. Encouraging import tariff structure. 8. Remove investment obstacles. 9. Unique geographical location which can position Egypt as a transit Hub. 10. Plan to reclaim 1.5 M acres (1st phase) & creation of Agro- Industrial parks. 11. Development plans for the axis of the Suez Canal. Marketing
- 38. CONCLUSION
- 39. Palm oil is the most consumed edible oil in Egypt. Palm oil imports are expected to increase because on higher demand by the food processing sector. Malaysian palm oil plays a crucial and consistent role in providing Egypt's of edible oils and fats needs. Malaysian palm oil products are used in the applications of many food and feed products. Palm oil maintains its market share due to competitive pricing. CONCLUSION
- 40. Thank you