Egypt: Wooden Frame Market 2024

Wooden Frame Market Size in Egypt

The Egyptian wooden frame market was estimated at $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Wooden frame consumption peaked 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 rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. 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 decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame exports skyrocketed to $X in 2022. Overall, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X units) was the main destination for wooden frame exports from Egypt, accounting for a X% share of total exports. Moreover, wooden frame exports to Nigeria exceeded the volume sent to the second major destination, Libya (X units), twofold. Israel (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (X% per year) and Israel (X% per year).

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

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

Export Prices by Country

In 2022, the average wooden frame export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Egypt

Wooden frame imports into Egypt contracted dramatically to X units in 2022, with a decrease of X% against the year before. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports declined dramatically to $X in 2022. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest wooden frame supplier to Egypt, with a X% 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 X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

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

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

Import Prices by Country

The average wooden frame import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and the United States ($X per unit), while the price for Poland ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :