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Egypt’s food exports to Canada increased to $5.8 million in the first quarter of 2024



Egypt's food exports to Canada increased to .8 million in the first quarter of 2024

Deputy Executive Director of the Food Industries Export Council, Tamim Al-Dawy, said that Egyptian exports of food industries to the Canadian market increased by around 4 percent during the first quarter of this year, reaching 5 .8 million, compared to about $5.6 million during the first quarter of this year. the same period last year.

The symposium organized by the Food Industries Export Council in cooperation with the Trade Representative Authority took place today under the title “Opportunities for developing exports of the Egyptian food industry to Canada, in light of the Canadian government’s implementation of new labeling requirements for food products in Canada. Canadian market.

Al-Dawy added that the Canadian market ranked 43rd in the ranking of the largest importing countries of imported Egyptian manufactured foods in the first quarter of this year, highlighting that the number of Egyptian food companies exporting to Canada in during the first quarter reached 81 companies. , including 15 companies whose exports exceed 100 thousand dollars with a total of 3.7 million dollars.

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He pointed out that Egyptian exports of food industries to the Canadian market have experienced – in recent years – a variation in their performance, with the value of exports in 2014 amounting to approximately $8 million, and in 2015 it recorded approximately $6.9 million. .

He continued: Egyptian food exports to the Canadian market in 2017 amounted to approximately $10.7 million, an increase of 14%. They also saw growth of around 105% in 2018 to reach $21.9 million. % in 2019 to reach a value of $23 million.

Al-Dawy highlighted that last year saw an increase of around 4% to $28.7 million, compared to $27.8 million in 2022, and the Canadian market ranked 38th in the ranking of the most important countries importing Egyptian manufactured foods, and that the number of Egyptian manufactured foods was recorded. Companies exporting to Canada reached approximately 131 companies, including 45. One company whose exports exceed $100,000 in 2023.

Regarding the most important food products exported to the Canadian market in 2023, Al-Dawi highlighted that around 15 products accounted for 90% of total exports, with “molasses” ranking first with a value of 3.9 million dollars, followed in second place by “. frozen vegetables” with an amount of 3.6 million dollars. “Frozen strawberries” came in third, with a value of $3.2 million.

He said Egyptian exports of “vegetable preparations” to the Canadian market amounted – over the past year – to a value of $2.4 million, followed by exports of “olives pickled and processed” at around $2.1 million, while “salt” had a value of $2.4 million. sixth place in terms of the most important food products exported to the market in 2023 with a value of $1.9 million, followed by “soup and broth” with about $1.5 million, and eighth place is occupied by “chocolate” with around 1.4 million dollars. .

He added that Egyptian exports of “yeast” amounted to around $1.3 million, while “jam” ranked tenth with around $1.2 million, followed by “tomato sauce” with around $1.1 million, followed by “juice” exports, worth around $1 million.

Al-Dhawi pointed out that exports of “dried onions” ranked 13th in terms of the most important food products exported to the Canadian market, with a value of 700 thousand dollars, followed by “coffee and processed coffee » worth 400 thousand dollars. , then “frozen potatoes” worth about 300 thousand dollars.

Over the past year, exports from the food industry reached a value of $5.1 billion, accounting for 14 percent of Egypt’s total non-oil exports.

The Council aims to increase its exports – in the current year – to reach $6 billion by the end of 2025. During the first quarter of the year, it achieved exports of around $1 .6 billion dollars, with growth rates of around 30%.

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