Woodtech Forum points to reviving potential in Egypt’s wood and furniture industry

A new conference and exhibition for professionals in wood and furniture, is coming to the city of Damietta, Egypt’s furniture cluster, from November 26 to 27.

Presentations and case studies at the WoodTech Forum include: Innovation in the wood processing sector and new materials, modern furniture production processes, new sales and marketing methods in accessing new markets, market research on global furniture trends and modern design.

After political agitations, Egypt is growing again at a rate of 3.3 – 4.3%. In May this year, exports of Egyptian building materials sector jumped 86% YoY, reaching $480.2 million—an indication that the economy is slowly reviving again.

The Damietta region supplies all North African and Middle Eastern countries with an export volume of close to US$400 million, a high potential for furniture technology and components too.

The Woodtech forum is supported by:

AHEC – American Hardwood Export Council,

EPLF – European Producers of Laminate Flooring,

The Governor of Damietta,

The Ministry of Commerce and Industry,

The General Federation of Egyptian Chambers of Commerce,

The Damietta chamber of Commerce.

 

Other stats and figures:

–          Egypt imports 700,000 m3 of Beech annually

–          Natural and artificial veneer imports reach up to 13 million sqm

–          Plywood imports amount to more than 600.000 m3

–          Egypt exports over 80% of its locally-made furniture to the Arabic countries.

–          Egypt’s real estate sector is projected to grow by 70% by 2020. This points to more construction and consequently, a further increase in consumption of wood and furniture