Egypt: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Egypt

The Egyptian assembled parquet panels market contracted slightly to $X in 2021, remaining constant against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Assembled Parquet Panels Production in Egypt

In value terms, assembled parquet panels production shrank slightly to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Assembled parquet panels production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Assembled Parquet Panels Exports

Exports from Egypt

In 2021, overseas shipments of assembled parquet panels decreased by -19.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 872%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, assembled parquet panels exports reduced markedly to $X in 2021. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 745% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for assembled parquet panels exports from Egypt, with a 70% share of total exports. Moreover, assembled parquet panels exports to the United States exceeded the volume sent to the second major destination, Kuwait (X tons), sixfold. Lebanon (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +70.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+27.9% per year) and Lebanon (+55.9% per year).

In value terms, the United States ($X) remains the key foreign market for assembled parquet panels exports from Egypt, comprising 79% of total exports. The second position in the ranking was held by Kuwait ($X), with a 6.8% share of total exports. It was followed by Lebanon, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+27.5% per year) and Lebanon (+64.5% per year).

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, dropping by -2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Egypt

In 2021, approx. X tons of assembled parquet panels were imported into Egypt; with an increase of 50% on the previous year. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 66% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, assembled parquet panels imports soared to $X in 2021. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of assembled parquet panels imports to Egypt, with a combined 36% share of total imports. These countries were followed by Portugal, Austria, France, Sweden, Spain, Estonia, China, Belgium, Turkey and Brazil, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +49.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of assembled parquet panels to Egypt, comprising 18% of total imports. The second position in the ranking was held by Slovenia ($X), with a 6% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+44.0% per year) and Italy (+14.3% per year).

Import Prices by Country

In 2021, the average assembled parquet panels import price amounted to $X per ton, approximately equating the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, assembled parquet panels import price increased by +38.2% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :