Egypt: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Egypt

The Egyptian sawnwood (non-coniferous) market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Egypt

In value terms, sawnwood (non-coniferous) production shrank to $X in 2022 estimated in export price. Overall, production saw a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 128%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Egypt

In 2022, shipments abroad of sawnwood (non-coniferous) decreased by -48.1% to X cubic meters, falling for the second year in a row after three years of growth. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 1,516% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 2,322% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Palestine (X cubic meters), Morocco (X cubic meters) and Sudan (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Egypt, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +56.7%), while the other leaders experienced mixed trend patterns.

In value terms, Morocco ($X), Palestine ($X) and Sudan ($X) constituted the largest markets for sawnwood (non-coniferous) exported from Egypt worldwide, with a combined 98% share of total exports.

Sudan, with a CAGR of +33.8%, saw the highest rates of growth with regard to 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 sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, increasing by 8% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 196%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per cubic meter), while the average price for exports to Palestine ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood (Non-Coniferous) Imports

Imports into Egypt

After four years of decline, purchases abroad of sawnwood (non-coniferous) increased by 2.8% to X cubic meters in 2022. Overall, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of 51%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports soared to $X in 2022. Over the period under review, imports, however, showed a noticeable slump. The growth pace was the most rapid in 2015 when imports increased by 41% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Croatia (X cubic meters) constituted the largest supplier of sawnwood (non-coniferous) to Egypt, with a 64% share of total imports. Moreover, sawnwood (non-coniferous) imports from Croatia exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), threefold. The third position in this ranking was held by Finland (X cubic meters), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Croatia amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-21.0% per year) and Finland (+165.6% per year).

In value terms, Croatia ($X) constituted the largest supplier of sawnwood (non-coniferous) to Egypt, comprising 60% of total imports. The second position in the ranking was held by Romania ($X), with a 20% share of total imports. It was followed by Finland, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-11.3% per year) and Finland (+163.1% per year).

Import Prices by Country

In 2022, the average sawnwood (non-coniferous) import price amounted to $X per cubic meter, increasing by 20% against the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 97%. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Croatia ($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 Bosnia and Herzegovina (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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