Egypt will reduce its orange exports to Southeast Asia, but will still remain a key player in the region

게시됨 2024년 7월 17일

Tridge 요약

In the 2023/24 season, Egypt's orange exports to Southeast Asia have plummeted to 42 thousand tons from November 2023 to May 2024, primarily due to the Red Sea blockade by Yemeni Houthis. Despite a brief recovery in March-April and a record in May, Egypt faces a significant market presence decline for the first time since 2019/20. This drop occurred despite an anticipated record harvest and high demand in Southeast Asia. Meanwhile, China has tripled its exports to the region, and the US has reduced its exports significantly, creating an opportunity for Egyptian premium orange exporters.

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원본 콘텐츠

In the current 2023/24 season, Egypt exports one of the smallest volumes of oranges to Southeast Asian countries, but will still remain one of the leaders in the regional market for these fruits, EastFruit reports. Thus, from November 2023 to May 2024, Egypt exported only 42 thousand tons of oranges to key countries in Southeast Asia (excluding Hong Kong and Vietnam), which was one of the lowest figures over the past few seasons. At the same time, a particularly serious decline in the Egyptian presence in the region was recorded in January-February of this year, i.e. during the start of active exports of oranges from Egypt. “Unfortunately, the Red Sea blockade by the Yemeni Houthis dealt a serious blow to Egyptian orange supplies towards Asia at the very beginning of the season. And although Egyptian exports recovered somewhat in March-April, and even reached a record in May, time was lost. As a result, Egypt, for the first time since the 2019/20 season, risks facing a serious ...

출처: Eastfruit