Egypt: Veneer Sheets Market 2024

Veneer Sheets Market Size in Egypt

After two years of decline, the Egyptian veneer sheets market increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Veneer Sheets Production in Egypt

In value terms, veneer sheets production reduced to $X in 2022 estimated in export price. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports from Egypt

In 2022, shipments abroad of veneer sheets decreased by X% to X cubic meters, falling for the third consecutive year after four years of growth. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, veneer sheets exports shrank rapidly to $X in 2022. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Morocco (X cubic meters) was the main destination for veneer sheets exports from Egypt, with a X% share of total exports. Moreover, veneer sheets exports to Morocco exceeded the volume sent to the second major destination, Sudan (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Palestine (X% per year).

In value terms, Morocco ($X) remains the key foreign market for veneer sheets exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Sudan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Palestine (X% per year).

Export Prices by Country

In 2022, the average veneer sheets export price amounted to $X per cubic meter, surging by X% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X.7%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Egypt

In 2022, supplies from abroad of veneer sheets decreased by X% to X cubic meters, falling for the third year in a row after two years of growth. Overall, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, veneer sheets imports surged to $X in 2022. Over the period under review, imports saw a slight contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X cubic meters), China (X cubic meters) and the United States (X cubic meters) were the main suppliers of veneer sheets imports to Egypt, with a combined X% share of total imports. Ukraine, Russia, Ghana, Italy, Cote d'Ivoire and Cameroon lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest veneer sheets suppliers to Egypt were Turkey ($X), China ($X) and the United States ($X), together accounting for X% of total imports. Ukraine, Russia, Ghana, Italy, Cote d'Ivoire and Cameroon lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Cameroon ($X per cubic meter), while the price for Italy ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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