According to a report by the Global Agriculture Information Network (GAIN), an expected improvement in the Egyptian economy will result in a stronger purchasing power which subsequently translates into a higher demand for imported food products.
- As per the Economist Intelligence Unit, food, beverages, and tobacco sales in 2016 in Egypt were estimated at $92 billion, or approximately $999 per capita. That number is expected to rise to $114 billion by 2020
- Food products sales in Egypt, in the retail market, stood at $70 billion in 2016
- 40% of meat consumption in Egypt accounts for imports
- Egypt imports close to $1 billion per year in dairy products
- Egypt remains one of the largest importers of wheat, sugar, and oils
- Egypt has trade agreements with the EU, the Arab League (GAFTA), COMESA and Turkey, granting them easy access to the Egyptian market