In 2023, Egypt's furniture exports to Saudi Arabia were valued at 53.527 million USD. Forecasts for 2024 value these exports at 51.548 million USD, indicating a year-on-year decrease of approximately 3.71% from the previous year. The trend continues with a 3.73% decline forecasted for 2025 to 49.627 million USD, a 4.03% decline to 47.744 million USD in 2026, a 3.87% decrease to 45.899 million USD in 2027, and a 3.93% drop to 44.091 million USD by 2028. The Compound Annual Growth Rate (CAGR) over the 2024-2028 period is approximately -3.68%.
Future trends to watch for include potential shifts in Saudi consumer preferences, changes in economic conditions affecting disposable income in both countries, and tariffs or trade agreements impacting the cost of exports. Monitoring these factors could provide insights into whether this declining trend will continue or stabilize. Additionally, advancements in logistical and manufacturing efficiencies could mitigate some of the projected decreases.