{"id":75743,"date":"2018-06-04T14:42:30","date_gmt":"2018-06-04T14:42:30","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/market-opportunities-in-egypt-for-american-softwood-producers\/"},"modified":"2025-09-19T08:48:11","modified_gmt":"2025-09-19T08:48:11","slug":"market-opportunities-in-egypt-for-american-softwood-producers","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/market-opportunities-in-egypt-for-american-softwood-producers\/","title":{"rendered":"Market opportunities in Egypt for American softwood producers"},"content":{"rendered":"
\n

Aiming to throw the spotlight on the potential and importance of Egypt as a market for U.S. softwoods, the Southern Forest Products Association (SFPA) and Southeastern Lumber Manufacturer's Association (SLMA) recently concluded a market study - Emerging Markets Program Assessment: The Egyptian Market for U.S. Softwoods.<\/em><\/p>\n

This is one of several Emerging Market Program (EMP) projects that the U.S. forest products industry undertakes to reach potentially new emerging markets. Each project is led by a team of experienced researchers backed by the organizational and administrative support of forest products co-operators with decades of experience administering FAS-funded market development programs.<\/p>\n

Numerous indicators show strong potential for growth in U.S. wood product exports to Egypt, including overall economic growth, and strong demand in the country\u2019s furniture manufacturing industry. According to American Softwoods (AMSO), the promotional partnership formed by three major U.S. softwood trade associations, American softwood lumber exports to Egypt nearly doubled to USD 8.3 million, yet the United States holds a very small share of this market, estimated at less than 1 percent.<\/p>\n<\/div>\n

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Commenting on the growth potential, Charles Trevor, Consultant to American Softwood, said: \u201cOne of the sectors which shows potential for U.S. exports is the furniture industry centred around the triangle of Damietta, Alexandria, and Cairo.\u00a0The furniture industry consumes huge volumes of solid wood, importing substantial volumes of beech and Spruce-Pine-Fir from Romania as well as oak from the Balkan states. The U.S. industry is convinced that American softwoods could rapidly gain a share of Egypt\u2019s furniture production industry, as well as in the construction sector, given the large construction projects being planned over the coming years<\/em>.\u201dEgypt is the largest market for softwood lumber in the Middle East and North Africa. Lumber demand is set to rise sharply over the coming years as its economy improves and several large-scale urban development projects are planned in the near future.<\/p>\n

The country relies entirely on imported softwoods and buyers are seeking alternative sources owing to the rising cost of imported hardwoods. U.S. softwoods are the ideal alternative and interest among buyers is rising. However, the timber trade and furniture and joinery manufacturers are accustomed to working with European and Russian material and are unfamiliar with U.S. lumber species, grades and sizes.<\/p>\n<\/div>\n

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While economic problems remain, the long-term outlook for Egypt - and demand for imported softwood lumber - is bright. Egypt\u2019s growing, young population will bolster economic growth over the coming years, the construction market is recovering from the floatation of the Egyptian Pound, tourism is slowly recovering, and the Egyptian government is investing heavily in infrastructure. A government initiative to build one million housing units as well as a multi-billion-dollar initiative for a new administrative capital to seat the national government is expected to drive growing demand for softwood lumber.Egypt imported 4.4 million cubic meters of softwood lumber in 2016, but imports fell in 2017 owing to the devaluation of the Egyptian Pound, which has lost nearly 50 percent of its value against the dollar since 2011. Imports are expected to climb to 4 million cubic meters in 2018. U.S. softwood lumber exports to Egypt grew steadily in value over the past five years - rising from USD 4.3 million in 2012 to USD 8.3 million in 2016, but declined sharply 2017 in line with the country\u2019s overall imports. While wood is rarely used structurally in Egypt, wood demand is expected to rise sharply for interior applications such as flooring, doors and windows.<\/p>\n

Demand in the furniture production sector is also expected to rise over the coming years as the country seeks to become more competitive in that sector. Low-priced European redwood is used for construction - primarily for concrete forming - while U.S. Southern Yellow Pine (SYP) is used for interior joinery, panelling, doors, windows, and flooring. Interviews with a major importer holds that SYP from the United States is viewed as a hardwood owing to its density, and increasingly a less expensive substitute for oak. SYP is also priced between hardwoods (especially oak) and European and Russian pine, and is preferred for its grain pattern and is typically lightly stained to expose the grain.<\/p>\n

\u201cLooking ahead, importers believe that the market is ripe for development and technical assistance is needed as buyers turn to alternative material imported from Europe. U.S. softwoods are priced competitively and we have an excellent opportunity to grow imports if we can provide importers and end users with the technical assistance and training that will enable them to specify U.S. softwoods with confidence. Overall, interest in U.S. softwoods is increasing but much work is needed to accustom buyers to working with U.S. grades, sizes, and characteristics in a market used\u00a0to buying European and Russian material<\/em>,\u201d concluded Trevor.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Aiming to throw the spotlight on the potential and importance of Egypt as a market for U.S. softwoods, the Southern Forest Products Association (SFPA) and Southeastern Lumber Manufacturer’s Association (SLMA) recently concluded a market study – Emerging Markets Program Assessment: … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3837,3309,3252,3429],"class_list":["post-75743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-egypt","tag-exports","tag-us","tag-wood-products","topic-forestry","topic-sawmilling","area-africa","area-asia-middle-east","area-north-america"],"acf":[],"yoast_head":"\nWood products exports from the US to Egypt might 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