Under the patronage of Egypt’s Ministry of Trade &Industry, the CairoInternational Wood and Woodworking Machinery Exhibitionis nowgearing up for its eighth edition set for 7 to 10 December 2023 at theCairo InternationalConvention Centreto showcase yet again the superior innovation and excellent craftsmanshipoffered by the region’s leading companies in the wood and woodworking machinery sector.The four-day Cairo WoodShow, North Africa’s only dedicated business-to-business meetingplace for wood experts and enthusiasts, gathers over 9,000 specialized visitors and 162exhibitors from 69 different countries around the world. It serves as a premier platform forlocal and international building material suppliers, dealers, and distributors,furniture andmachinery manufacturers, architects, interior designers, contractors, developers, andconstruction companies to not only share knowledge and expertise but to engage incollaborative and investment opportunities for the further growth of theindustry as well.According to “Wood Products Global Market Report 2023,” the global wood products marketgrew from$696.78 billion in 2022 to $748.01 billion in 2023 at a compound annual growthrate(CAGR)of 7.4%.It is predicted to go up to$964.41 billion in 2027at a CAGR of 6.6%.“The wood products manufacturing market is expected to benefit from steady economic growthforecasted for many developed and developing countries,” the report said, noting that therecovering commodity prices are to be asignificant factor driving this growth. “Greatereconomic growth is likely to drive public and private investments, joint ventures, foreign directinvestments in the end-user markets, thereby driving the market duringtheforecast periods,”it added.Thisrise in the number of public-private partnerships, along with the proliferation of so-calledgreen buildings and the increasing demand for sophisticated infrastructure, has brought aboutthe recent construction boom, which in turn has fuelled the growth of thewood andwoodworking machinery industries.The report on Egypt’s construction industry by Mordor Intelligence said that there is aprojected increase in the country’s construction market size from $46.85 billionin 2023 to$70.09 billionin2028, ataCAGR of 8.39%during the same five-year period. In addition, itsaid the industryaccountsfor 14% of Egypt’s GDP, which is the biggest sectoral percentage.These developments bode well for Egypt’s wood market, especially that it is one of the mostimportant industrial sectors in the country, as shown by itsnumber offurniture factories.
workshops reaching about 140,000, and direct and indirect workers as many as 440,000 and460,000, respectively.Hossam Kobaisi, Director General of Strategic Exhibitions & Conferences (Egypt), theorganizers of the Cairo WoodShow, reiterated the value that the event has brought to both itsvisitors and exhibitors, and how it has grown into a vital platform that continues to propel thegrowth of the wood and woodworking machinery sectors in the North African region.“The 8thedition of Cairo WoodShowwill carry on with its fundamental role of offering itsparticipants with the premier opportunity to connect with industry experts, have access to thelatest trends, technologies, and products, and showcase their offerings and facilitate on-sitebusinesstransactions. It is truly an international event that will not only create a conduciveenvironment for networking but for establishing meaningful connections to enhance businessprospects as well,” Al Kobaisi said. “Cairo WoodShow 2023 will build upon thesuccess of itsprevious editions and will aim to surpass expectations to position itself as one of the leadingshows in the sector globally.”Cairo WoodShow will also be co-located with the first edition of the International GlassManufacturing Show, which will feature high-tech machinery, digitalization, and automationin the glass industry.
