Carrots, onions and garlic of Egypt: How will the weakening of Russia affect exports?

Published 2023년 1월 16일

Tridge summary

The article provides an analysis of the potential impact of Russia's economic problems and sanctions from its invasion of Ukraine on the Egyptian market, with a focus on the export of carrots, onions, and garlic to Russia. It highlights the challenges Egyptian producers face in these markets due to competition and the impact of local production volumes. Despite Egypt's historical status as a major supplier of onions to Russia, its share of the total volume of Egyptian onion exports to the Russian market has decreased to no more than 15% since 2018. Egypt's export of dried onions increased by 26% in 2021 due to market oversupply. The demand for onions in the Russian market is expected to remain strong in 2023, but Egypt faces significant competition from other countries. The article also mentions the potential positive impact of the devaluation of the Egyptian currency on the competitiveness of its agricultural products in foreign markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit continues to publish analytical materials on the potential impact on the Egyptian market of Russia's economic and sanctions problems caused by its treacherous military invasion of Ukraine. Whether the demand for Egyptian potatoes will decrease and what will happen to the supply of Egyptian potatoes for export can be read here. By the way, we must add that, due to the recent sharp devaluation of the Egyptian currency, the prospects for exporting products from Egypt are improving dramatically. This means that the competitiveness of Egyptian fruits, vegetables and potatoes in foreign markets will also increase. In this article, we will try to assess the prospects for the export of carrots, onions and garlic from Egypt to Russia in 2023. Carrots are not as big an export commodity for Egypt as potatoes - average carrot exports from Egypt over the past five years have ranged from 5 to 22 thousand tons per season with a downward trend. Unfortunately for Egypt, the main and ...
Source: Eastfruit

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