The Egyptian Furniture Industry
Egypt has many industrial factors such as capital and the cheap and abundant labor due to the government’s strenuous efforts to encourage investors by granting them numerous facilities and creating a suitable investment climate. Egypt also possesses the necessary means of transportation as it has an efficient communications network that facilitates conveyance of goods and products to the local and world markets.
It is worth stating that at the beginning of the 21st century, the Egyptian Furniture Industry stands in a quite promising position.With a strong infra-structure, the Egyptian Furniture Industry combines 200,000 production unites worth of US$ 2 Billion as an industrial investment. The industry employs 1 Million persons. In addition, an annual 95,000 fresh graduates from technical institutes are joining the working force.
The annual exports reach US$ 200 Million mainly antique reproductions french furniture to the EU, GCC and U.S.A. markets. In many export operations, the Egyptian manufacturers are contracted by turn-key international contractors to supply furniture for third parties.
The Egyptian Furniture Industry enjoys competitive advantages in terms of availability of skilled handcrafted labor with relatively low wages, implementation of modern manufacturing principals, and keen attention and quick response to the market demands of the overseas customers.
Furniture From Egypt is becoming a phrase which starts to gain credibility towards the supply of Superb Quality, Exceptional Value, Quick, On-Time Deliveries and Superior Customer Service through developed focused factories which is being re-engineered to ensure continuous flow of production with unlimited finishing capabilities.
Well-defined and strong clusters are being formed and supply chain to the furniture sector is in process at present.
Nevertheless, the Egyptian exports don't reflect the capabilities of the industry nor the available overseas opportunities where the leading countries are re-allocating this industry to another parts of the world.
In content, the Egyptian furniture industry offers a diversified menu of product categories. Not only it has a developed well reputed image as a supplier of classic and antique reproductions – making the best use of its skilled handicraft labor, but Egypt also offers modern, contemporary, ethnic styles for residential, hotel, office, kitchen, outdoor, school, medical as well as other furniture uses
Facts & Figures
· 200,000 furniture establishments
· 1 Million Labor Force.
· 100,000 Fresh Graduates Annually from Technical Institutes
· US$ 2 Billion as an industrial investment
· US$ 340 Million Value of Local Consumption of Residential Sector
· US$ 215 Million Value of Local Consumption of Tourist Projects Sector
· US$ 200 Million Value of Annual Exports
· Capability to meet international standards
The Export Market
- The European Union
- Gulf Cooperating Council (GCC)
- The united States of America
- The Common Market for Eastern and Southern Africa (COMESA)
- North Africa