Egypt has squeezed the USA in the EU sweet potato market

Published 2024년 9월 3일

Tridge summary

The European Union (EU) imports around 200,000 tons of sweet potatoes annually, with Egypt emerging as the largest supplier last season, contributing 109,000 tons, a 45% increase from the previous year. The majority of these sweet potatoes were shipped to the Netherlands, France, and Italy. This success is attributed to an increase in cultivation area, which has grown by 30%, and the main harvest season runs from September to March. The overlap in the export seasons of Egypt and the USA allows Egypt to satisfy European demand with competitive pricing, despite a drop in prices due to increased production last year. The Egyptian government also backs the production and export of sweet potatoes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The EU buys about 200,000 tons of sweet potatoes from the international market every year. Last season, Egypt became the largest supplier of sweet potatoes to the European market after delivering 109,000 tons of sweet potatoes to the community, which was 45% more than before, surpassing the USA in this market. Most shipments went to the Netherlands (about 65,000 tons), followed by France and Italy. Egyptian goods increased their market share especially in Scandinavia. Behind this performance is a significant increase in the area under cultivation, which continued this year as well: according to industry estimates, the area of the plant grew by 30%. The harvest started in July with small quantities, the supply really jumps from September. Egyptian traders expect a good supply until March. The main export season of the USA lasts from February to August, so the offers of the two competitors collide only for a short time. Last year, the sudden increase in production brought a big drop ...

Source: MezoHir