{"id":659939,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/processed-food-exports-hit-fresh-high-in-2024\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"processed-food-exports-hit-fresh-high-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/processed-food-exports-hit-fresh-high-in-2024\/","title":{"rendered":"Processed food exports hit fresh high in 2024"},"content":{"rendered":"

Egypt\u2019s proce<\/strong>ssed food exports<\/strong> hit a record USD 6.1 bn in 2024<\/strong>, growing 21% y-o-y thanks to a \u201csignificant expansion in export markets\u201d \u2014 especially the Arab, European, and US markets \u2014 the Food Export Council said in a press release<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The biggest buyers:<\/strong> Arab countries as a whole took the largest share of Egyptian processed food exports, buying 54% of our exports for a total of USD 3.3 bn. The EU claimed the second spot, with the bloc buying up 19% of our exports for some USD 1.2 bn \u2014 up 32% from 2023.<\/p>\n

Saudi Arabia topped the list as Egypt\u2019s largest single-country export destination<\/strong> with <\/strong>USD 491 mn worth of exports<\/strong>, up 23% y-o-y. Sudan came in second place with USD 412 mn worth of exports \u2014 a 12% y-o-y decline. Meanwhile, Dutch exports of Egyptian processed food saw the largest expansion with a 103% y-o-y jump to USD 259 mn worth of exports.<\/p>\n

Soft drink concentrates came on top of the processed food products sent abroad<\/strong>, registering USD 532 mn in total value and showing growth of 6% y-o-y. Flour, sugar, frozen strawberries, and edible oils rounded out the rest of the list for the year.<\/p>\n

Untapped potential and room for more growth:<\/strong> \u201cWith targeted investment in capacity and machinery, quality standards, and market penetration strategies, Egypt can position itself as a regional food processing hub, capturing a much larger share of regional demand. Private equity firms such as RMBV are positioning themselves as catalytic investment capital to achieve exactly this outcome,\u201d RMBV Managing Partner Ahmed Badreldin told EnterpriseAM.<\/p>\n

Strengthening Egypt\u2019s manufactured food exports has been a key priority of late<\/strong>, with global food companies \u2014 including those from Europe, Turkey, and other countries in the Middle East \u2014 already maintaining manufacturing and export bases in Egypt. Incorporating tech solutions<\/a> that reduce costs, improve quality, and ensure sustainability across the production chain is a key factor in attracting new investments in the sector, with freeze-drying technology<\/a> and innovations in herb processing, juice concentrates, and date production among the areas ripe for investment.<\/p>\n

Case in point: <\/strong>Last year, MAFI Agricultural Produce Industries inked contracts<\/a> to set up a USD 300 mn agri-food industrial complex set to house five factories \u2014 the project raised USD 180 mn<\/a> in long-term financing last month. There\u2019s also Sullex, the cold chain developer that\u2019s building an innovative project south of Giza, which will help cut down on food waste and change how food producers operate \u2014 we spoke with its founder and Chairman Andrew Daniel last year to learn more about the company and what it does. Check out the interview here<\/a>.<\/p>\n

Still, several roadblocks remain<\/strong>, including high costs, a lack of sufficient workforce training, and widespread informality in the sector. Food exporters are also among those facing lower export subsidies in the coming period, with the government announcing in November<\/a> that food exports will receive subsidies of between 1.2% and 3% of the total value of exports depending on their added value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia was Egypt\u2019s largest single-country export destination last year<\/p>\n","protected":false},"author":1,"featured_media":659940,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8516],"tags":[72,564,2395,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-enterpriseam","tag-food","tag-food-export-council","tag-trade","wpautop","entry"],"acf":{"mongo_id":"95952003-566a-48d1-91f8-3be2031b7e4a","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s processed food exports hit fresh high in 2024","related_issue":[659921],"teaser":"Saudi Arabia was Egypt\u2019s largest single-country export destination last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.1e3b33b9-527f-4dae-ae2c-3804a4b54ce8.mp3"},"yoast_head":"\nProcessed food exports hit fresh high in 2024 - 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Food accounted for 13% of the country\u2019s non-oil exports during the six-month period, which saw\u2026","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561724,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/trade-deficit-remains-flat-1q2021\/","url_meta":{"origin":659939,"position":2},"title":"Trade deficit remains flat 1Q2021","author":"enterpriseam admin","date":"19 April 2021","format":false,"excerpt":"Egypt\u2019s non-oil trade deficit remained essentially flat in 1Q2021, narrowing just 1% to reach USD 9.55 bn compared to USD 9.68 bn in 1Q2020, Trade and Industry Minister Nevine Gamea said in a statement. 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