Between 2013 and 2023, Egypt's wood-based panels import volume exhibited fluctuations but an overall increasing trend, standing at 865.23 thousand cubic meters in 2023. Notable variations include a steep rise by 22.7% in 2013, followed by a decline in subsequent years until a significant rebound by 20.05% in 2020. CAGR over the past five years (2018-2023) is 5.97%, indicating a robust growth trajectory during this period. Considering the forecast for the next five years, the CAGR is expected to moderate to 0.94%, with an anticipated growth rate of 4.8% by 2028.
Future trends to watch for:
• The impact of economic policies and global market conditions on import demand.
• Technological advancements in the wood-based panels industry that could affect import volumes.
• Emerging domestic production capacities and their potential to reduce reliance on imports.
