The furniture industry is one of the oldest industries in Egypt, which has a distinguished international reputation and is able to compete with Egypt globally. What is happening in the Egyptian furniture industry and how did President Sisi restore life to it? In this report, you will know the details. Stay with us until the end.
As we said, the Egyptian furniture industry has a very ancient history because it depended on the skilled human element, and Egypt has the best furniture manufacturers in the world. For this reason, Damietta has become the capital of the manufacture of this type of wood products and has a well-known international reputation, and this is because handmade craftsmanship has a special price in international markets. Because there is creativity, and the truth is that Egypt was able to take a prominent position in this industry.. But with the passage of days and the development of the industry, Damietta almost lost its luster, had it not been for President Sisi’s personal intervention and his directives to support, develop and modernize the Egyptian industry, and that is why the international furniture manufacturing city in Damietta came to light, and this is what restored the spirit. For the ancient Egyptian industry, during which it becomes competitive again.
It is known that the Egyptian wood industry has witnessed significant and significant development over the past years, despite the great challenges it has faced, and despite all the challenges, the sector still contributes to the gross domestic product at a rate of up to 2.2% annually. It also contributes to the growth of many other industries related to the wood industry, such as the glass industry. Painting, metals, upholstery of all kinds, and other industries have contributed to supporting economic indicators and creating thousands of job opportunities.
What many of us do not know is that Egypt is planning to become a regional center for the furniture industry in the Middle East and Africa, and as we said, Egyptian furniture has a good reputation in terms of the quality and precision of the products and the artistic taste in its design, which meets all tastes in the Arab and Gulf countries that it aims to reach, unlike the website. Egypt has a distinguished geographical location, which has facilitated and supported the easy access of Egyptian furniture to the main targeted markets. It also has a major competitive advantage in the Egyptian furniture industry represented by the relative decrease in the cost of skilled technical labor.
The furniture industry is concentrated in several regions, the most important of which is Damietta Governorate, which has been able to achieve an advanced position at the local and international levels and where 70% of the workforce within the governorate works in the furniture industry.
The government also directed the establishment of Damietta Furniture City, under presidential directives that opened in December 2019. It is one of the most important national projects implemented with the aim of developing the furniture industry in Damietta, and transforming it from a craft into an industry that contributes strongly and effectively to the Egyptian domestic product, and is the gateway for Damietta furniture to reach global markets to achieve the strategic goal. To make Egypt a regional center for the furniture industry
Official reports from the chambers of industry expected revenues from the Egyptian furniture market to reach $463.2 million by the end of 2024. Revenues are also expected to achieve an annual growth rate of 11.44%, leading to an expected market size of $796.1 million by the year 2029. According to statistics from the Furniture Export Council, it reached Furniture sector exports amounted to $135 million from January to June 2024, and the number of furniture sector establishments, according to the furniture sector development strategy 2017, is 120 thousand establishments, and the volume of local production in the furniture sector was $2.5 billion in 2016, also according to the furniture sector development strategy.
