Egypt: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Egypt

In 2022, the Egyptian coniferous roundwood market increased by 1,246% to $X, rising for the second consecutive year after five years of decline. In general, consumption, however, recorded a abrupt decrease. Coniferous roundwood consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in Egypt

In value terms, coniferous roundwood production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 79%. Coniferous roundwood production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Egypt

Coniferous roundwood exports from Egypt soared to X cubic meters in 2022, increasing by 58% against the previous year's figure. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by 112% against the previous year. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. Over the period under review, exports posted resilient growth. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) and Kuwait (X cubic meters) were the main destinations of coniferous roundwood exports from Egypt.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +20.2%).

In value terms, the largest markets for coniferous roundwood exported from Egypt were the United Arab Emirates ($X) and Kuwait ($X).

In terms of the main countries of destination, Kuwait, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, picking up by 388% against the previous year. In general, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per cubic meter), while the average price for exports to the United Arab Emirates totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Egypt

In 2022, approx. X cubic meters of roundwood (coniferous) were imported into Egypt; approximately reflecting the year before. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 61% against the previous year. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous roundwood imports totaled $X in 2022. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 15%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X cubic meters) constituted the largest coniferous roundwood supplier to Egypt, with a 50% share of total imports. Moreover, coniferous roundwood imports from Finland exceeded the figures recorded by the second-largest supplier, Latvia (X cubic meters), more than tenfold. Estonia (X cubic meters) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland totaled -20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-25.6% per year) and Estonia (-23.9% per year).

In value terms, Finland ($X) constituted the largest supplier of roundwood (coniferous) to Egypt, comprising 93% of total imports. The second position in the ranking was held by Latvia ($X), with a 3.2% share of total imports. It was followed by Estonia, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-15.1% per year) and Estonia (-6.7% per year).

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 an increase of 82% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Latvia ($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 Estonia (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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