Egypt's furniture exports to the US stood at approximately $5.0458 million in 2023, displaying a very gradual decrease in values since 2020. Over the past decade, the trend has shown considerable fluctuations, with a notable drop in 2014, followed by several years of moderate recovery and decline. Specifically, 2018 exhibited significant growth, while 2017 and 2019–2023 experienced minor year-on-year decreases. The last two years, 2022 and 2023, displayed very little variation, marked by minimal percentage declines.
The compound annual growth rate (CAGR) over the last five years has been negative, indicating an average annual decrease. The forecasted values from 2024 to 2028 project a continued, albeit slow, decline, reflecting a -0.15% forecasted CAGR and a cumulative five-year drop of about -0.76%.
Future trends to watch for:
- Market adaptations to global trade policies and economic conditions.
- Changes in consumer preferences towards sustainably sourced and manufactured furniture.
- The impact of global supply chain challenges and cost of raw materials on export volumes.
- Possible trade agreements or tariffs affecting international furniture trade.
- Technological advancements in production and distribution techniques.