Price for Bamboo Used Primarily for Plaiting in Singapore - 2022

Contents:

1. Price for Bamboo Used Primarily for Plaiting in Singapore (CIF) - 2022
2. Price for Bamboo Used Primarily for Plaiting in Singapore (FOB) - 2022
3. Imports of Bamboo Used Primarily for Plaiting in Singapore
4. Exports of Bamboo Used Primarily for Plaiting in Singapore

Price for Bamboo Used Primarily for Plaiting in Singapore (CIF) - 2022

In 2022, the average import price for bamboo used primarily for plaitings amounted to $2,627 per ton, with an increase of 53% against the previous year. In general, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,796 per ton), while the price for Indonesia ($644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bamboo Used Primarily for Plaiting in Singapore (FOB) - 2022

The average export price for bamboo used primarily for plaitings stood at $985 per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 8.3% against the previous year. The export price peaked at $3,329 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,069 per ton), while the average price for exports to Pakistan ($402 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Bamboo Used Primarily for Plaiting in Singapore

In 2022, the amount of bamboo used primarily for plaitings imported into Singapore skyrocketed to 227 tons, jumping by 24% on 2021 figures. Overall, imports, however, saw a deep reduction.

In value terms, bamboo used primarily for plaiting imports soared to $596K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Bamboo Used Primarily for Plaiting to Singapore in 2022:

1. China (126.6 tons)
2. Malaysia (51.3 tons)
3. Myanmar (29.3 tons)
4. Indonesia (10.4 tons)
5. Vietnam (5.0 tons)

Exports of Bamboo Used Primarily for Plaiting in Singapore

In 2022, shipments abroad of bamboo used primarily for plaitings increased by 45% to 17 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a sharp contraction.

In value terms, bamboo used primarily for plaiting exports skyrocketed to $17K in 2022. In general, exports, however, showed a sharp curtailment.

Top Export Markets for Bamboo Used Primarily for Plaiting from Singapore in 2022:

1. Egypt (13.6 tons)
2. India (1.3 tons)
3. Pakistan (0.8 tons)
4. United States (0.3 tons)
5. Oman (0.2 tons)

Source: IndexBox Market Intelligence Platform