Egypt: Fromwork Market 2024

Fromwork Market Size in Egypt

The Egyptian fromwork market was estimated at $X in 2022, flattening at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Fromwork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fromwork Production in Egypt

In value terms, fromwork production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 64% against the previous year. Fromwork production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fromwork Exports

Exports from Egypt

Fromwork exports from Egypt expanded notably to X tons in 2022, growing by 5.8% compared with 2021. In general, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 132%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fromwork exports declined to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 97%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for fromwork exports from Egypt, with a 56% share of total exports. Moreover, fromwork exports to Saudi Arabia exceeded the volume sent to the second major destination, Lebanon (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-4.2% per year) and the United Arab Emirates (+16.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for shuttering for concrete constructional work, shingles and shakes, of wood exports from Egypt, comprising 78% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-6.9% per year) and the United Arab Emirates (-18.4% per year).

Export Prices by Country

The average fromwork export price stood at $X per ton in 2022, falling by -18% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 147%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sudan (+4.5%), while the prices for the other major destinations experienced a decline.

Fromwork Imports

Imports into Egypt

After three years of growth, supplies from abroad of shuttering for concrete constructional work, shingles and shakes, of wood decreased by -58.2% to X tons in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 6,646%. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, fromwork imports declined significantly to $X in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 6,167% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined markedly in the following year.

Imports by Country

Austria (X tons) and China (X tons) were the main suppliers of fromwork imports to Egypt.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +61.2%).

In value terms, Austria ($X) and China ($X) appeared to be the largest fromwork suppliers to Egypt.

China, with a CAGR of +57.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average fromwork import price amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform