Cairo gears up for North Africa's top wood expo
Cairo WoodShow, the leading platform for wood and woodworking machinery industry in the North Africa region, kicks off its next edition in Cairo on December 9 featuring more than 90 exhibitors from 38 countries and over 8,000 specialised visitors.
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North Africa's leading platform for wood and woodworking machinery, will be showcasing more than 90 exhibitors from 38 countries and 8,000+ specialised visitors, and will be held at the Cairo International Exhibition and Convention Centre from December 9 to 12, thus bringing together wood and working experts, both regionally and internationally.
Cairo WoodShow is of greater significance, especially in light of the qualitative shift made by Egypt's political leadership to target foreign investments from around the world in various industrial sectors, especially wood manufacturing, which will in return increase Egyptian exports to boost the economy.
In contrast to its previous editions, the Cairo WoodShow's next edition will showcase a host of events and will not only highlight a world-class Exhibition, but will also include conferences, B2B meetings, seminars, and networking events.
As of now, the global wood machinery market is expected to reach $4.7 billion by 2026 – a new market study released by Global Industry Analysts predicts significant growth in several wood industry segments worldwide, particularly in woodworking machinery and furniture.
Noting how the demand for wood products has risen during the Covid-19 crisis, the report projects the global market for woodworking machinery, which was estimated at $4.2 billion in 2020, will reach a revised size of $4.7 billion by 2026, growing at a compound annual growth rate of 1.7 percent.
Furniture, another segment analysed in the report, is projected to record a 2% growth rate and may reach $2.7 billion by the end of the analysis period.
Dawood Al Shezawi, President of the Organizing Committee of Cairo WoodShow, said: "The sixth edition of Cairo WoodShow aims to achieve the maximum possible benefit and support the Egyptian wood and woodworking industry."
The total exports of furniture sector in Egypt is estimated at Egyptian pounds 30 billion, and accommodates 400,000 workers directly and nearly 600,000 indirectly, adding that the number of establishments working in the sector is close to 120,000, of them 95 % are medium and small enterprises.-TradeArabia News Service
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