Egypt: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Egypt

In 2021, the Egyptian wooden office furniture market decreased by -2.3% to $X, falling for the second consecutive year after four years of growth. Overall, consumption saw a relatively flat trend pattern. Wooden office furniture consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Production in Egypt

In value terms, wooden office furniture production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from Egypt

Wooden office furniture exports from Egypt soared to X units in 2021, rising by 270% against 2020. In general, exports enjoyed significant growth. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. Overall, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 164% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Libya (X units) was the main destination for wooden office furniture exports from Egypt, with a 63% share of total exports. Moreover, wooden office furniture exports to Libya exceeded the volume sent to the second major destination, Sudan (X units), fourfold. Saudi Arabia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Libya stood at +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+35.8% per year) and Saudi Arabia (+11.0% per year).

In value terms, the largest markets for wooden office furniture exported from Egypt were Saudi Arabia ($X), Sudan ($X) and the United Arab Emirates ($X), together comprising 57% of total exports.

Sudan, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 wooden office furniture export price stood at $X per unit in 2021, with a decrease of -48.1% against the previous year. Overall, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 224%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+146.5%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Egypt

In 2021, purchases abroad of wooden furniture of a kind used in offices decreased by -35% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 186%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports fell significantly to $X in 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest wooden office furniture supplier to Egypt, with a 27% share of total imports. Moreover, wooden office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. Spain (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.3% per year) and Spain (+40.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Egypt, comprising 27% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Spain, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.4% per year) and Spain (+22.3% per year).

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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