Egypt: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Egypt

The Egyptian market for wood boxes, crates and cable drums expanded to $X in 2022, surging by 2.3% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. Wood box and cable drum consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Boxes, Crates and Cable Drums in Egypt

In value terms, wood box and cable drum production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 50% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Egypt

In 2022, approx. X units of wood boxes, crates and cable drums were exported from Egypt; jumping by 244% against the year before. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,232%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wood box and cable drum exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,579%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units), Libya (X units) and Sudan (X units) were the main destinations of wood box and cable drum exports from Egypt, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +95.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood box and cable drum exported from Egypt were South Africa ($X), Libya ($X) and Sudan ($X), with a combined 80% share of total exports.

South Africa, with a CAGR of +104.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2019 an increase of 113% against the previous year. The export price peaked at $X per unit in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Egypt

In 2022, overseas purchases of wood boxes, crates and cable drums were finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 431% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wood box and cable drum imports skyrocketed to $X in 2022. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,177%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) was the main wood box and cable drum supplier to Egypt, with a 94% share of total imports. Moreover, wood box and cable drum imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.8% per year) and China (-43.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of wood boxes, crates and cable drums to Egypt, comprising 98% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.2% share of total imports. It was followed by the UK, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +53.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.2% per year) and the UK (-26.5% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, picking up by 53% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 141% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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