MDF Market Overview in Egypt
Market Overview
In 2019, the Egyptian mdf market increased by 
% to $, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed pronounced growth. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, mdf production expanded significantly to $ in 2019 estimated in export prices. Over the period under review, production showed a mild descent. The growth pace was the most rapid in 2012 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
% to $, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed pronounced growth. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, mdf production expanded significantly to $
in 2019 estimated in export prices. Over the period under review, production showed a mild descent. The growth pace was the most rapid in 2012 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of mdf increased by % to cubic meters, rising for the third year in a row after two years of decline. In general, consumption showed a tangible increase. The pace of growth was the most pronounced in 2014 when the consumption volume increased by % year-to-year. As a result, consumption attained the peak volume of cubic meters. From 2015 to 2019, the growth of the consumption remained at a lower figure.
The revenue of the mdf market in Egypt reached $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.
% to cubic meters, rising for the third year in a row after two years of decline. In general, consumption showed a tangible increase. The pace of growth was the most pronounced in 2014 when the consumption volume increased by % year-to-year. As a result, consumption attained the peak volume of cubic meters. From 2015 to 2019, the growth of the consumption remained at a lower figure.The revenue of the mdf market in Egypt reached $
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.Market Forecast
Driven by increasing demand for mdf in Egypt, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .
% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .Market Structure
Mdf market in Egypt consists almost entirely of imported products.
Trade Balance
Egypt remains a net importer of mdf; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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