From 2013 to 2023, Egyptian furniture exports to the United Arab Emirates showed fluctuating trends with notable growth spurts and declines. The value in 2023 stood at $51.416 million USD, reflecting a modest rise from 2022. Initially, the exports experienced robust growth, peaking in 2016. However, this was followed by a decline until a recovery phase began in 2019. Over the last two years, the year-on-year variations were positive: 2.28% for 2022 and 2.19% for 2023. The Compounded Annual Growth Rate (CAGR) over the past five years averaged at 3.62%.
Looking ahead, the forecast predicts a steady increase, with exports expected to reach $57.163 million USD by 2028. Key trends to monitor include market demand fluctuations in the UAE, Egypt’s production capacity, and the impact of global economic conditions on trade relations. The forecasted 5-year CAGR is 1.67%, indicating a stable but slow growth trajectory, with an overall growth rate of 8.62% from 2023 to 2028.
