If in the country, cereal purchases have been particularly dynamic during the last decade, they could still increase considerably in the coming years.
The global maize market could experience an upheaval by 2030. According to the latest report published by the OECD-FAO on the agricultural outlook for 2021-2030, Egypt is expected to be the 5th largest buyer in the world. of the cereal at this time.
The country of the Pharaohs will thus overtake South Korea to appear on the list of major importers already comprising the European Union (EU), Japan, Mexico and Vietnam.
This forecast is mainly explained by the expected boom in demand for animal feed which currently represents 85% of total corn consumption in the North African country (14 million tonnes).
The manufacturing industry is expected to strengthen its imports of yellow corn over the next decade due to the low supply (production can only meet 35% of demand) and the growing needs of the poultry sector and aquaculture, the main users of the cereal.
In the poultry sector, where yellow corn accounts for 75% in the composition of the food rations offered on the market, the players forecast a production of 2 billion broilers by 2030 against 1.4 billion individuals in 2020 .
As for aquaculture, it should continue its development by 2030 at a sustained rate of growth. The land of the Pharaohs is already the largest aquaculture producer on the African continent and the 6th largest supplier globally.
As a reminder, Egypt consumes 16 million tonnes of corn annually, according to data from the US Department of Agriculture (USDA).