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- The Egyptian retail food sector size is around $15 billion. Sources foresee growth of 15- 20% over the next five years. Traditional outlets still dominate the Egyptian market, representing 98% of total outlets and around 75% of total sales.
- Egypt's food retail sector is fragmented and dominated by small, traditional, grocery retailers, whose 115,000 outlets account for 98% of the nearly 119,000 stores in the country and 80% of sales. The growing formal sector of modern supermarkets, hypermarkets, and convenience stores makes up the remaining 2% comprising 1,500 outlets and representing around 20% of total sales. The modern grocery retail market is forecast to double between 2017 and 2021.
- According to the Egyptian Chamber of Food Industries (CFI), there are over 7,000 food manufacturing companies operating in the country.
The rapidly growing demand for food in Africa fueled by rising population and faster economic growth presents greater market and trade opportunities for domestic agriculture. The value of Africa’s food market is expected to more than triple to $1 trillion by 2030 which would unlock enormous opportunities for farmers, food processors, and agribusinesses alike, particularly through domestic trade.
A successful expansion of intra-continental trade share from 10 to 52% by 2022, as expected by the African Union Commission, promises significant growth and food security for individual African countries.
Egypt has increased its interest in exporting to neighboring African countries. In 2018, trade exchange between Egypt and African countries increased by 23% to $6.9 billion, compared to $5.6 billion in 2017, and Egyptian exports to African countries increased by 26.9% to reach $4.7 billion in 2018, compared to $3.7 billion in 2017, according to CAMPAS.
- Egyptian imports from African countries increased by 15.2% to $2.1 billion in 2018, compared to $1.9 billion in 2017.
- Egypt’s intra-Africa exports accounted for 16% of Egypt’s total exports, and 3% of total imports for 2018.
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