Egypt: Waferboard Market 2024

Waferboard Market Size in Egypt

The Egyptian waferboard market fell to $X in 2021, which is down by -5.2% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Waferboard consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Waferboard Production in Egypt

In value terms, waferboard production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Waferboard Exports

Exports from Egypt

In 2021, approx. X cubic meters of waferboards were exported from Egypt; shrinking by -88.4% compared with 2020 figures. Overall, exports showed a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 827%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, waferboard exports reduced sharply to $X in 2021. Over the period under review, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2019 when exports increased by 315%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X cubic meters), Saudi Arabia (X cubic meters) and Morocco (X cubic meters) were the main destinations of waferboard exports from Egypt, with a combined 79% share of total exports. These countries were followed by Algeria, Kenya, Oman, Jordan and Kuwait, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) remains the key foreign market for waferboards exports from Egypt, comprising 43% of total exports. The second position in the ranking was held by Jordan ($X), with a 15% share of total exports. It was followed by Morocco, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to -28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-37.6% per year) and Morocco (-52.3% per year).

Export Prices by Country

The average waferboard export price stood at $X per cubic meter in 2021, dropping by -19.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per cubic meter), while the average price for exports to Libya ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports

Imports into Egypt

In 2021, waferboard imports into Egypt reduced to X cubic meters, with a decrease of -2.3% compared with the previous year's figure. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 279% against the previous year. As a result, imports attained the peak of X cubic meters. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, waferboard imports rose to $X in 2021. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 195% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X cubic meters), Italy (X cubic meters) and Germany (X cubic meters) were the main suppliers of waferboard imports to Egypt, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +30.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Malaysia ($X) and Turkey ($X) were the largest waferboard suppliers to Egypt, with a combined 55% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +28.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average waferboard import price stood at $X per cubic meter in 2021, rising by 4.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 18%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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