Egypt: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Egypt

In 2022, after seven years of growth, there was decline in the Egyptian market for coniferous wood in the rough, when its value decreased by -2.4% to $X. Over the period under review, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted slightly in the following year.

Production of Coniferous Wood In The Rough in Egypt

In value terms, coniferous wood in the rough production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 206%. Coniferous wood in the rough production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports from Egypt

In 2022, shipments abroad of coniferous wood in the rough decreased by -36.3% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 721%. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports soared to $X in 2022. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 106% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X cubic meters) was the main destination for coniferous wood in the rough exports from Egypt, with a 93% share of total exports. Moreover, coniferous wood in the rough exports to Sudan exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sudan stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-37.2% per year) and Kuwait (-17.1% per year).

In value terms, Sudan ($X) remains the key foreign market for coniferous wood in the rough exports from Egypt, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sudan totaled +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.9% per year) and Kuwait (+9.8% per year).

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, picking up by 82% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 458% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per cubic meter), while the average price for exports to Kuwait ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports into Egypt

After seven years of growth, supplies from abroad of coniferous wood in the rough decreased by -4% to X cubic meters in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 85% against the previous year. Over the period under review, coniferous wood in rough imports reached the maximum at X cubic meters in 2021, and then fell in the following year.

In value terms, coniferous wood in the rough imports shrank to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 201%. Over the period under review, coniferous wood in rough imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Finland (X cubic meters) constituted the largest coniferous wood in the rough supplier to Egypt, with a 74% share of total imports. Moreover, coniferous wood in the rough imports from Finland exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), fourfold. Latvia (X cubic meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+54.7% per year) and Latvia (+0.4% per year).

In value terms, Finland ($X) constituted the largest supplier of coniferous wood in the rough to Egypt, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Latvia, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+54.5% per year) and Latvia (-6.4% per year).

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, with an increase of 2.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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