Egypt imports about $1.4 billion worth of wood and wood products. This makes investing in MDF wood factory in Egyptrepresents a promising investment opportunity with the best profit return, in accordance with Egypt’s 2030 vision to boost the national economy.
What is an MDF wood factory?
The factory collects palm kernels. After the pruning process. and put it through various stages such as chopping, grinding, and pressing. to produce MDF particleboard. Through state-of-the-art manufacturing technology. MDF can be produced in a variety of sizes. In a thickness of 2.5 millimeters: 30 mm).
In 2021. arrived Global Wood Products Market to $631.11 billion. By the end of 2022, the market is expected to be worth $684.26 billion. By 2026, statistics indicate that the Global Wood Products Market Amazingly. The market value of global wood products may even reach an estimated $903.33 billion.
At the end of 2021, Egypt’s imports of wood and wood products amounted to about $1.4 billion (according to the International Trade Center). The average annual growth of Egypt’s wood imports is 4.2% during the period between (2017 2021).
For more details on the latest economic sector indicators and investment opportunities in Egypt, click here. The most prominent funding organizations supporting successful investment projects in Egypt. You can get in touch with the investor service team from Mashroo3k Consulting.
