Sick and SF
The minimum requirements on the EK website are just that, minimums. No one will be considered for an interview without that time unless they are joining the local cadet pilot scheme.
As to the type of candiates, yep there are loads of guys out in the market with lots of hours and lots of jet time due to recent events around the world. They will inevitably float towards the top of the pile.
However what is critical to any airline, particularly an ex-pat one, is your motivation for joining and the likelyhood that you will stay. So if you want to join any carrier, not just EK; plan. Get an application in now, regularly update it and when you are competitive you will be better placed than most to get an interview.
Ghost