{"id":78153,"date":"2019-09-24T09:24:30","date_gmt":"2019-09-24T09:24:30","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/market-prospects-for-the-european-softwood-lumber-in-egypt-brightening\/"},"modified":"2025-09-19T08:51:43","modified_gmt":"2025-09-19T08:51:43","slug":"market-prospects-for-the-european-softwood-lumber-in-egypt-brightening","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/market-prospects-for-the-european-softwood-lumber-in-egypt-brightening\/","title":{"rendered":"Market prospects for the European softwood lumber in Egypt brightening"},"content":{"rendered":"
\n

The EU countries have increased their exports by almost 50% this year,\u00a0as the country's economy is overall improving\u00a0and there is a strong demand in the country\u2019s furniture manufacturing industry.<\/strong><\/em><\/p>\n

According to the latest Eurostat figures, in January-June 2019, EU's softwood lumber exports to Egypt increased by 46% over the same period of 2018.<\/span><\/p>\n

Finland has exported most of the total European volume, with a share of 50% of all European exports, followed by Sweden and Latvia.<\/p>\n

Finland and Sweden accounted for more than 91% of the overall EU exports. Year-on-year, Finnish exports increased by 36%, while Swedish softwood lumber shipments to Egypt rose by 65% (See table below).<\/p>\n

Market prospects for softwood lumber in Egypt<\/strong><\/p>\n

One of the sectors which shows potential is the furniture in<\/p>\n

dustry centred around the triangle of Damietta, Alexandria, and Cairo. The 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. Egypt 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. EU softwoods are the ideal alternative and interest among buyers is rising. The timber trade and furniture and joinery manufacturers are accustomed to working with European and Russian material.<\/p>\n

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 mete<\/p>\n

rs of softwood lumber in 2017, but imports fell in 2018 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 2019.<\/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.<\/p>\n\n\n\n\n
EU softwood lumber exports to Egypt<\/strong><\/td>\nH1\/2018<\/strong><\/td>\nH1\/2019<\/strong><\/td>\nChange in %<\/strong><\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nEUROPEAN Union<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n994,110<\/td>\n1,443,661<\/td>\n45 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nFinlanda<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n539,252<\/td>\n730,725<\/td>\n36 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nSweden<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n360,953<\/td>\n594,543<\/td>\n65 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nLatvia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n73,048<\/td>\n81,555<\/td>\n12 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nGermania<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n3,744<\/td>\n10,140<\/td>\n171 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nItaly<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n1,761<\/td>\n8,914<\/td>\n406 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\n<\/td>\nOthers<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n15,352<\/td>\n17,784<\/td>\n16 %<\/td>\n<\/tr>\n
\n\n\n\n\n
<\/td>\nOTHER European Countries<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n2,444<\/td>\n6,465<\/td>\n165 %<\/td>\n<\/tr>\n
TOTAL<\/td>\n996,554<\/td>\n1,450,126<\/td>\n46 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

<\/h2>","protected":false},"excerpt":{"rendered":"

The EU countries have increased their exports by almost 50% this year,\u00a0as the country’s economy is overall improving\u00a0and there is a strong demand in the country\u2019s furniture manufacturing industry. According to the latest Eurostat figures, in January-June 2019, EU’s softwood … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3837,3426,3309,3432],"class_list":["post-78153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-egypt","tag-european","tag-exports","tag-softwood-lumber","topic-forestry","topic-sawmilling","area-africa","area-europe"],"acf":[],"yoast_head":"\nMarket prospects for the European softwood lumber in Egypt brightening - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/market-prospects-for-the-european-softwood-lumber-in-egypt-brightening\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market prospects for the European softwood lumber in Egypt brightening - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The EU countries have increased their exports by almost 50% this year,\u00a0as the country's economy is overall improving\u00a0and there is a strong demand in the country\u2019s furniture manufacturing industry. 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