From 2013 to 2023, Egypt's sawnwood imports displayed significant fluctuations. The highest value was recorded in 2014 with a notable year-on-year increase of 46.18%. However, from 2015 onward, a downward trend is prevalent, punctuated by brief periods of recovery, such as in 2021 with a 20.36% increase and 2023 with a slight recovery of 5.73%. Over the last 5 years, the CAGR shows an average annual decline of -4.03%, indicating overall negative growth.
The forecast for 2024 to 2028 projects a relatively stable but still declining trend, with a 5-year CAGR of -0.25%. This suggests a very gradual decrease in sawnwood imports, implying a potential stabilization of the market.
Future trends to watch for include potential market stabilization or shifts influenced by economic policies, environmental regulations, and changes in local production capacities. Additionally, shifts in global supply chains and demand fluctuations within Egypt could significantly impact future import volumes.
