FROM ORCHARD TO EXPORT: UNCOVERING THE DRIVING FACTORS OF EGYPT’S ORANGE MARKET
Abstract
Egypt is predominantly known for its agriculture sector, which dates back to the time of the Pharaohs. During this era, agriculture was the most significant sector in the country. Therefore, any country with resources for agriculture should use them to develop this sector, increase production, and expand agricultural spaces. Such efforts will lead to increased economic growth and exports. Furthermore, prioritizing agriculture will help meet the needs of the people and reduce the nation’s reliance on imports. Therefore, Egypt should benefit from their resources to improve their agriculture sector. For example, Egypt produces oranges in large quantities that there is huge surplus to export all over the world. Although Egypt has not fully exploited all its agricultural resources and land to produce oranges and other agricultural products, there is great potential for growth. If Egypt were to fully utilize its resources and improve its agricultural practices, it could rank higher in the international market for agricultural exports. Such efforts would undoubtedly contribute to Egypt’s economic growth and development. Therefore, in this paper we will discuss the results of the consumption and production of oranges in Egypt to see if there is shortage or surplus and if oranges’ market is elastic or inelastic, and at the end see if Egypt could produce more or not.
Keywords: Egypt, agriculture, oranges, economic growth, production, surplus
JEL Codes: D00, D01
DOI: 10.37708/el.swu.v5i1.3
CITE AS: […]
FROM ORCHARD TO EXPORT: UNCOVERING THE DRIVING FACTORS OF EGYPT'S ORANGE MARKET
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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