Facts and Figures..

Strong demand for Egyptian furniture from MENA countries has largely fueled the sector’s growth since 2010 and enabled the sector to weather the turbulent times since the January 25th revolution.


Prior to 2009, the Sector registered the highest CAGR globally, experiencing a 7-fold growth thereby validating its competitive advantage and highlighting the extent of its potential to substantially contribute to Egypt’s economy. (2004: USD 45 mn - 2009: USD 300 mn)


In 2015, the furniture sector market size grew by 27% since 2010.


Due to the high potential of the Egyptian furniture sector, it was projected that the market size will reach to USD 3.5 billion using CAGR of 4.1%. This is a safe assumption given the current political & socio-economic climate.

 

 

 

Commentary

  • Strong demand for Egyptian furniture from MENA countries has largely fueled the sector’s growth since 2010 and enabled the sector to weather the turbulent times since the January 25th revolution.
  • Prior to 2009, the Sector registered the highest CAGR globally, experiencing a 7-fold growth thereby validating its competitive advantage and highlighting the extent of its potential to substantially contribute to Egypt’s economy. (2004: USD 45 mn - 2009: USD 300 mn)
  • In 2015, the furniture sector market size grew by 27% since 2010.
  • Due to the high potential of the Egyptian furniture sector, it was projected that the market size will reach to USD 3.5 billion using CAGR of 4.1%. This is a safe assumption given the current political & socio-economic climate.
 

 

 

 

 

Commentary for 2016 Numbers:

  • In 2016, exports grew by 43% from 2010.
  • Saudi Arabia is the top Arab export destination, comprising 29% of total exports. The USA is the top non-Arab export destination, comprising 2% of total exports.
  • In 2016, exports to European nations rose by 37%, to African nations by 5%, to the Americas by 75% and to the rest of the world by 96%.
  • Exports to several destinations have exponentially increased: Iran by 240%, Sudan by 206%, Yemen by 197%, USA by 97% amongst others.

Organized by..