The wood-based panels production in Egypt has shown remarkable stability from 2013 to 2022 with a constant production value of 52.3 thousand cubic meters annually. This trend broke in 2023 with a modest increase to 53.32 thousand cubic meters, marking a year-on-year growth of 1.95%. The Compound Annual Growth Rate (CAGR) for the past five years averages at 0.39%, indicating an overall steady but slightly ascending trend.
Looking forward, the forecasted data suggests a gradual increase in production volumes through 2028, reaching 58.13 thousand cubic meters. The projected CAGR over the next five years (2024-2028) is approximately 1.37%, with an overall growth rate of 7.05% during this period. This points to an optimistic but moderate increase in wood-based panel production volumes.
Key trends to watch for in the future include:
- Technological advancements in wood processing that could improve efficiency.
- Shifts in demand patterns driven by construction and furniture industries.
- Environmental and sustainability considerations influencing production practices.