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Furniture and Wood

 

FACTS AND FIGURES:

 

  • The furniture and wood sector accounted for 4% of total industrial output in 2007, and 6% of total industrial value added the same year.
  • In 2016, furniture and wood companies accounted for 17% of the total number of industrial firms in Lebanon, comprising 695 companies.
  • More than 50% of Furniture and wood companies are located in Mount Lebanon, and more than 10% are located in North Lebanon
  • Imports of furniture increased at a CAGR of 2.1% from 2013 to 2016, to reach USD 251,049 thousand in 2016.
  • Imports of wood products decreased at a CAGR of 1.2% from 2013 to 2016, after a spike in imports in 2014, to reach USD 229,051 thousand in 2016.

 

COMPETITIVE ADVANTAGES:

 

  • A growing regional market: In the MENA region, the furniture market is expected to grow at a fast rate due to the region’s flourishing construction sector. Total demand of furniture retail in the MENA stood at USD 13.2 billion in 2014, and is expected to remain positive over the next five years. In the MENA, the sawn softwood market is expected to grow by an average of 3% annually in 2016 and afterward*.
  • Lebanon has a competitive edge in the manufacturing of high end furniture and wood products. Because such an activity faces relatively small competition from the Far East and regional countries, its prospects for success in Lebanon are high.
*Source: Comarbois, THE MIDDLE EAST & NORTH AFRICA (MENA) Economic and Wood Market Trends 2015
FURNITURE AND WOOD IN LEBANON
Get in Touch
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251
Phone
+961 1 983306 / 7 / 8
Fax
+961 1 983302 /3