Egypt: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in Egypt

In 2023, the Egyptian market for saw logs and veneer logs decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a pronounced decrease. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs in Egypt

In value terms, saw logs and veneer logs production rose to $X in 2023 estimated in export price. In general, production showed a notable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

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Exports of Saw Logs And Veneer Logs

Exports from Egypt

Saw logs and veneer logs exports from Egypt surged to X cubic meters in 2023, growing by X% on the previous year's figure. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, saw logs and veneer logs exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X cubic meters) was the main destination for saw logs and veneer logs exports from Egypt, accounting for a X% share of total exports. Moreover, saw logs and veneer logs exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X cubic meters), threefold. Sudan (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Sudan (X% per year).

In value terms, Libya ($X) remains the key foreign market for saw logs and veneer logs exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Sudan, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Sudan (X% per year).

Export Prices by Country

The average export price for saw logs and veneer logs stood at $X per cubic meter in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a notable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2023, the average 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 China ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs

Imports into Egypt

After three years of growth, purchases abroad of saw logs and veneer logs decreased by X% to X cubic meters in 2023. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, saw logs and veneer logs imports dropped dramatically to $X in 2023. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Finland (X cubic meters) constituted the largest saw logs and veneer logs supplier to Egypt, with a X% share of total imports. Moreover, saw logs and veneer logs imports from Finland exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), sixfold. The third position in this ranking was held by Sweden (X cubic meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Sweden (X% per year).

In value terms, Finland ($X) constituted the largest supplier of saw logs and veneer logs to Egypt, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Latvia (X% per year).

Import Prices by Country

The average import price for saw logs and veneer logs stood at $X per cubic meter in 2023, reducing by X% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Latvia ($X per cubic meter) and Estonia ($X per cubic meter), while the price for Belgium ($X per cubic meter) and Russia ($X per cubic meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform