Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $85 per unit in 2022, surging by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. As a result, the export price attained the peak level of $93 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($307 per unit), while the average price for exports to Kuwait ($25 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 Oman (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $102 per unit in 2022, rising by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 79%. As a result, import price attained the peak level of $103 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($102 per unit) and Greece ($102 per unit), while the price for France ($102 per unit) and the United Arab Emirates ($102 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt
For the third year in a row, Egypt recorded decline in shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use, which decreased by -21.7% to 1.3M units in 2022. In general, exports saw a precipitous slump. The smallest decline of -17.8% was in 2020. The exports peaked at 2.6M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use fell dramatically to $108M in 2022. Over the period under review, exports saw a abrupt setback. The smallest decline of -15.1% was in 2020. The exports peaked at $203M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 57.7 | 52.8 | 25.7 | 29.9 | -19.7% |
| Iraq | 20.7 | 25.4 | 20.3 | 15.5 | -9.2% |
| United Arab Emirates | 31.5 | 27.6 | 22.3 | 15.5 | -21.1% |
| Oman | 25.0 | 18.4 | 11.9 | 8.8 | -29.4% |
| Sudan | 10.8 | 8.0 | 2.7 | 8.4 | -8.0% |
| United States | 2.3 | 2.5 | 2.9 | 3.9 | 19.2% |
| Qatar | N/A | N/A | 1.3 | 3.0 | 130.8% |
| Algeria | 2.1 | 2.7 | 2.2 | 2.7 | 8.7% |
| Libya | 9.5 | 3.9 | 2.0 | 1.2 | -49.8% |
| Jordan | 11.9 | 10.9 | 4.7 | 0.9 | -57.7% |
| Morocco | 1.3 | 1.1 | 1.0 | 0.8 | -14.9% |
| Kuwait | 1.5 | 1.7 | 0.2 | 0.2 | -48.9% |
| Others | 28.5 | 17.2 | 37.6 | 17.2 | -15.5% |
| Total | 203 | 172 | 135 | 108 | -19.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Egypt in 2022:
- Saudi Arabia (455.1K units)
- Iraq (132.9K units)
- United States (112.1K units)
- United Arab Emirates (103.9K units)
- Sudan (83.6K units)
- Qatar (33.1K units)
- Libya (31.3K units)
- Algeria (29.7K units)
- Oman (28.5K units)
- Morocco (24.5K units)
- Jordan (17.3K units)
- Kuwait (9.1K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt
For the third consecutive year, Egypt recorded decline in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, which decreased by -32.4% to 234K units in 2022. In general, imports faced a precipitous setback. Over the period under review, imports of attained the peak figure at 875K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use declined markedly to $24M in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 0.8%. Over the period under review, imports of reached the maximum at $41M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.4 | 7.8 | 6.2 | 5.2 | -14.8% |
| Turkey | 4.3 | 3.8 | 2.9 | 3.7 | -4.9% |
| Netherlands | 0.3 | 0.3 | 0.1 | 2.6 | 105.4% |
| Spain | 2.6 | 0.3 | 2.2 | 2.3 | -4.0% |
| Germany | 2.9 | 1.5 | 1.1 | 1.4 | -21.6% |
| Poland | 3.8 | 3.8 | 2.7 | 1.0 | -35.9% |
| China | 6.9 | 3.9 | 3.5 | 1.0 | -47.5% |
| Bahrain | 1.5 | 0.8 | 2.4 | 0.9 | -15.7% |
| United Arab Emirates | 1.3 | 1.4 | 1.3 | 0.7 | -18.6% |
| United States | 2.0 | 1.6 | 0.9 | 0.7 | -29.5% |
| Portugal | 0.4 | 0.4 | 0.1 | 0.5 | 7.7% |
| Greece | 0.3 | 0.1 | 0.3 | 0.5 | 18.6% |
| France | 0.4 | 0.7 | 0.4 | 0.4 | 0.0% |
| Others | 6.2 | 4.8 | 7.5 | 3.2 | -19.8% |
| Total | 41.4 | 31.3 | 31.5 | 24.0 | -16.6% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Egypt in 2022:
- Italy (50.4K units)
- Turkey (35.8K units)
- Netherlands (25.6K units)
- Spain (22.3K units)
- Germany (14.0K units)
- China (9.9K units)
- Poland (9.7K units)
- Bahrain (8.8K units)
- United Arab Emirates (6.9K units)
- United States (6.4K units)
- Greece (4.9K units)
- Portugal (4.4K units)
- France (3.5K units)
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