Egypt: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Egypt

The Egyptian wooden furniture treatments market rose slightly to $X in 2022, growing by 3.2% against the previous year. In general, consumption recorded a mild decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Egypt

In value terms, wooden furniture treatments production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27%. Wooden furniture treatments production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Egypt

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were exported from Egypt; picking up by 998% compared with 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 2,775% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports skyrocketed to $X in 2022. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 7,998% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons), Libya (X tons) and Kenya (X tons) were the main destinations of wooden furniture treatments exports from Egypt, together accounting for 99.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +464.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Kuwait ($X), Libya ($X) and Kenya ($X) constituted the largest markets for wooden furniture treatments exported from Egypt worldwide, with a combined 99.9% share of total exports.

Kenya, with a CAGR of +443.5%, recorded the highest growth rate of 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 wooden furniture treatments export price stood at $X per ton in 2022, shrinking by -6.7% against the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 240% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+11.5%), while the prices for the other major destinations experienced a decline.

Wooden Furniture Treatments Imports

Imports into Egypt

In 2022, the amount of polishes and creams for wooden furniture and floors imported into Egypt dropped significantly to X tons, shrinking by -28.7% on the year before. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 113% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports fell notably to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2014 when imports increased by 100%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of wooden furniture treatments imports to Egypt, together accounting for 76% of total imports. The United Arab Emirates, Italy, South Korea and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +102.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments suppliers to Egypt were China ($X), Turkey ($X) and the UK ($X), together accounting for 76% of total imports. The United Arab Emirates, Italy, South Korea and Germany lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, South Korea, with a CAGR of +77.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, reducing by -3.3% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 92%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and the United Arab Emirates ($X per ton), while the price for Germany ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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