Egypt: Wooden Frame Market 2024

Wooden Frame Market Size in Egypt

The Egyptian wooden frame market rose markedly to $X in 2022, with an increase of 5.3% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wooden Frame Production in Egypt

In value terms, wooden frame production totaled $X in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 40%. Wooden frame production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports from Egypt

In 2022, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects were finally on the rise to reach X units for the first time since 2013, thus ending a eight-year declining trend. Overall, exports, however, continue to indicate a sharp descent. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a sharp reduction. The growth pace was the most rapid in 2013 with an increase of 96%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for wooden frame exports from Egypt, accounting for a 77% share of total exports. Moreover, wooden frame exports to Nigeria exceeded the volume sent to the second major destination, Qatar (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-0.4% per year) and the United States (-4.2% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Egypt, comprising 62% of total exports. The second position in the ranking was taken by Libya ($X), with a 9% share of total exports. It was followed by Qatar, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-2.7% per year) and Qatar (-10.3% per year).

Export Prices by Country

In 2022, the average wooden frame export price amounted to $X per unit, declining by -38.9% against the previous year. In general, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 324%. As a result, the export price attained the peak level of $X per unit, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Egypt

In 2022, overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects decreased by -51.5% to X units, falling for the seventh year in a row after four years of growth. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 130%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports fell dramatically to $X in 2022. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 52%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of wooden frame to Egypt, accounting for a 57% share of total imports. Moreover, wooden frame imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The UK (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.2% per year) and the UK (+24.6% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Egypt, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.6% per year) and the UK (+14.8% per year).

Import Prices by Country

The average wooden frame import price stood at $X per unit in 2022, waning by -3.2% against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 UK ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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