Import of apples from the EU in Egypt continues to set new records

Published 2023년 12월 28일

Tridge summary

Egypt's import of apples from EU countries has significantly decreased in the current season, with only 28 thousand tons imported in the first four months compared to previous years. This drop in demand is due to economic problems, logistics blockade in the Red Sea, and a decrease in revenue from the Suez Canal. However, EU countries have been able to compensate for the drop in demand by increasing exports to the South American market, non-EU European countries, and various Asian countries, including a 9-fold increase in exports to India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Egypt amid the devaluation of the pound, the food crisis and other economic problems in 2022-2023. continues to reduce imports of apples, EastFruit reports. In particular, the volume of purchases of these fruits from EU countries in Egypt in the first four months of the current season has already fallen to the lowest level in at least the last six seasons. Thus, in July-October 2023, Egypt imported only 28 thousand tons of apples from EU countries, almost two and a half times less than a year earlier, and almost four times less than in July-October 2021! It is also worth noting that the import of apples in Egypt for the entire last season barely exceeded 160 thousand tons, and the country itself has lost its status as a leading importer of apples from the EU. In the current season, the situation is aggravated not only by the delayed effect of the economic problems of 2022-2023, but also by completely new challenges, such as, for example, the logistics blockade in the Red Sea. It ...
Source: Eastfruit

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