Egypt: Veneer Sheet Market 2024

Veneer Sheet Market Size in Egypt

In 2022, the Egyptian veneer sheet market increased by 29% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Veneer Sheet Production in Egypt

In value terms, veneer sheet production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 2.8% against the previous year. Veneer sheet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from Egypt

In 2022, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -61.8% to X square meters, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2016 when exports increased by 105%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheet exports fell rapidly to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 82%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X square meters) was the main destination for veneer sheet exports from Egypt, with a 99% share of total exports. It was followed by Palestine (X square meters), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Morocco totaled +7.7%.

In value terms, Morocco ($X) remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from Egypt, comprising 97% of total exports. The second position in the ranking was taken by Palestine ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco was relatively modest.

Export Prices by Country

In 2022, the average veneer sheet export price amounted to $X per square meter, remaining stable against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 87%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per square meter), while the average price for exports to Morocco stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+93.1%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Egypt

In 2022, overseas purchases of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 30% to X square meters, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by 52% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, veneer sheet imports surged to $X in 2022. Overall, imports, however, showed a slight downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X square meters), China (X square meters) and the United States (X square meters) were the main suppliers of veneer sheet imports to Egypt, together accounting for 90% of total imports. These countries were followed by Ukraine, Russia, Ghana and Cote d'Ivoire, which together accounted for a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +76.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheet suppliers to Egypt were Turkey ($X), China ($X) and the United States ($X), together accounting for 82% of total imports. These countries were followed by Ukraine, Russia, Ghana and Cote d'Ivoire, which together accounted for a further 13%.

In terms of the main suppliers, Russia, with a CAGR of +64.0%, recorded the highest growth rate of 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

The average veneer sheet import price stood at $X per square meter in 2022, reducing by -1.8% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheet import price decreased by -14.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. The import price peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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