Egypt: Fiberboard Market 2024

Fiberboard Market Size in Egypt

The Egyptian fiberboard market totaled $X in 2022, picking up by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a buoyant expansion. Fiberboard consumption peaked in 2022 and is likely to see gradual growth in years to come.

Fiberboard Exports

Exports from Egypt

In 2022, shipments abroad of fiber board of wood or other ligneous materials decreased by -65.3% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 530%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fiberboard exports reduced remarkably to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by 426%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X cubic meters) was the main destination for fiberboard exports from Egypt, with a 59% share of total exports. Moreover, fiberboard exports to Sudan exceeded the volume sent to the second major destination, Palestine (X cubic meters), twofold. The third position in this ranking was taken by Kuwait (X cubic meters), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-7.7% per year) and Kuwait (+42.8% per year).

In value terms, Sudan ($X) emerged as the key foreign market for fiber board of wood or other ligneous materials exports from Egypt, comprising 60% of total exports. The second position in the ranking was held by Palestine ($X), with a 27% share of total exports. It was followed by Kuwait, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+1.4% per year) and Kuwait (+52.1% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, increasing by 32% against the previous year. In general, the export price showed notable growth. The most prominent rate of growth was recorded in 2014 an increase of 103%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Palestine ($X per cubic meter) and Sudan ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) and Algeria ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fiberboard Imports

Imports into Egypt

In 2022, supplies from abroad of fiber board of wood or other ligneous materials decreased by -12.9% to X cubic meters, falling for the third consecutive year after three years of growth. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fiberboard imports expanded significantly to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Thailand (X cubic meters) constituted the largest fiberboard supplier to Egypt, with a 49% share of total imports. Moreover, fiberboard imports from Thailand exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), threefold. The third position in this ranking was held by Indonesia (X cubic meters), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.9% per year) and Indonesia (+2.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Egypt, comprising 50% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.5% per year) and Turkey (+35.7% per year).

Import Prices by Country

The average fiberboard import price stood at $X per cubic meter in 2022, increasing by 27% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fiberboard import price increased by +151.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 53%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per cubic meter) and Thailand ($X per cubic meter), while the price for Germany ($X per cubic meter) and Turkey ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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