Veneer sheets market in Egypt

Earlier Report Observations

The market for veneer sheets in Egypt showed initial stability, with volumes around 10.0–9.9 million m³ in 2018 and 2019. In 2019, the expansion of cultivated agricultural land to 10.3 million feddans altered the availability of wood raw materials, a key input for veneer production.

A sharp recovery to 10.6 million m³ occurred in 2021, but the market contracted over the next two years, falling to 7.9 million m³ by 2023. This decline was driven by increased shipping costs and foreign currency fluctuations, which raised production expenses, coupled with a reduction in the purchasing power of the Egyptian pound. These headwinds offset positive demand signals, including a significant expansion of agricultural land reclamation projects and growth in the domestic furniture market.

For 2024, import volumes continued to decrease, reflecting persistent economic pressures. The market was influenced by rising agricultural land rents, ongoing government efforts to expand wheat cultivation, and continued volatility in freight and currency costs affecting wood imports.

Production veneer sheets in Egypt

In kind, 2017-2020, m³

Top producers of veneer sheets, 2017-2020

World map of production of veneer sheets, 2017-2020

In 2020, Egypt produced 7,000 m³ of veneer sheets, showing no significant change from the previous year. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

Annual dynamics of production in Egypt in kind, 2017-2020, m³

Exports veneer sheets from Egypt

Exports in kind, K m³

The data reveals irregular changes, indicating a volatile market environment. Export volumes varied significantly, with the maximum recorded in 2018 at 263,000 m³ and the minimum in 2019 at 118,000 m³, representing a 2.2-fold difference. In 2020, Egypt's veneer sheets export volume reached 143,000 m³, up 22.0% from the previous year. The largest decline occurred in 2019 at 55.2%, while the largest increase was in 2018 at 81.5%.

Annual dynamics of product's exports from Egypt in kind, 2017-2020, K m³

From 2017 to 2020, Morocco consistently accounted for 78.3% of total exports in kind, indicating a high concentration on this market, with the remaining share distributed among other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Egypt in kind, 2017-2020

Exports in value, K $ US

Egypt's veneer sheets exports increased for the second consecutive year. In 2020, exports amounted to 677,000 US dollars, remaining broadly stable compared to 2019. Between 2017 and 2020, exports decreased by 7.1%, equating to an annualized rate of 2.4%. The minimum value was recorded in 2018 at 666,000 US dollars. The largest decline occurred in 2018 at 8.8%, while the largest increase was in 2019 at 1.5%.

Annual dynamics of product's exports from Egypt in value, 2017-2020, K $ US

From 2017 to 2020, Morocco was the dominant market for exports in value terms, taking 71.6% of total flows, while other countries together accounted for the residual share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Egypt in value, 2017-2020

Imports veneer sheets to Egypt

Imports in kind, K m³

Egypt's veneer sheets imports declined for the third consecutive year. In 2020, imports totaled 9,276,000 m³, which is 7.8% lower than the previous year. Between 2017 and 2020, imports decreased by 14.1%, equating to an annualized rate of 4.9%.

Annual dynamics of product's imports to Egypt in kind, 2017-2020, K m³

From 2017 to 2020, three main markets—China, the United States, and Turkey—together absorbed 79.5% of total imports in kind of veneer sheets to Egypt.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Egypt in kind, 2017-2020

Imports in value, K $ US

Egypt's veneer sheets imports declined for the second consecutive year. In 2020, Egypt imported a total of 29,386,000 US dollars of veneer sheets, which is 7.9% less than a year earlier. Between 2017 and 2020, imports decreased by 8.7%, equating to an annualized rate of 3.0%. The maximum value was recorded in 2018 at 32,811,000 US dollars, with the largest increase also occurring in 2018 at 2.0%.

Annual dynamics of product's imports to Egypt in value, 2017-2020, K $ US

Throughout 2017–2020, China (41.4% of imports in value terms), the United States (20.0%), and Turkey (17.7%) played the leading roles in imports of veneer sheets to Egypt, jointly accounting for 79.1% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Egypt in value, 2017-2020