Egypt: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Egypt

In 2022, the Egyptian sawnwood (coniferous) market increased by 19,034% to $X, rising for the third consecutive year after four years of decline. Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sawnwood (Coniferous) Production in Egypt

In value terms, sawnwood (coniferous) production declined to $X in 2022 estimated in export price. In general, production recorded a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 52%. Sawnwood (coniferous) production peaked at $X in 2021, and then declined in the following year.

Sawnwood (Coniferous) Exports

Exports from Egypt

In 2022, after four years of decline, there was significant growth in overseas shipments of sawnwood (coniferous), when their volume increased by 287% to X cubic meters. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 690% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X cubic meters) was the main destination for sawnwood (coniferous) exports from Egypt, with a 66% share of total exports. Moreover, sawnwood (coniferous) exports to Turkey exceeded the volume sent to the second major destination, Sri Lanka (X cubic meters), threefold. Sudan (X cubic meters) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (0.0% per year) and Sudan (-16.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Egypt, comprising 66% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 21% share of total exports. It was followed by Sudan, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (0.0% per year) and Sudan (-0.7% per year).

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, shrinking by -16.3% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2016 an increase of 260% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2021, and then dropped notably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per cubic meter) and Turkey ($X per cubic meter), while the average price for exports to Palestine ($X per cubic meter) and Sudan ($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 Palestine (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Egypt

In 2022, the amount of sawnwood (coniferous) imported into Egypt totaled X cubic meters, leveling off at 2021. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sawnwood (coniferous) imports stood at $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X cubic meters), Finland (X cubic meters) and Russia (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Egypt, together comprising 92% of total imports. Latvia and Norway lagged somewhat behind, together accounting for a further 4.4%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +68.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (coniferous) suppliers to Egypt were Sweden ($X), Finland ($X) and Russia ($X), together accounting for 92% of total imports. Latvia and Norway lagged somewhat behind, together comprising a further 4.4%.

Among the main suppliers, Norway, with a CAGR of +94.9%, recorded 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 sawnwood (coniferous) import price amounted to $X per cubic meter, stabilizing at the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 79%. The import price peaked 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 countries with the highest prices were Finland ($X per cubic meter) and Russia ($X per cubic meter), while the price for Norway ($X per cubic meter) and Sweden ($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 Finland (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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