Price for Furniture; of Bamboo or Rattan in Ghana - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Ghana (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Ghana (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Ghana
- Exports of Furniture; of Bamboo or Rattan in Ghana
Price for Furniture; of Bamboo or Rattan in Ghana (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $640 per ton, increasing by 13% against the previous year. In general, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 43%. As a result, import price reached the peak level of $3,060 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($947 per ton), while the price for Italy ($15 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.5%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Bamboo or Rattan in Ghana (FOB) - 2022
In 2022, the average export price for furniture; of bamboo or rattan amounted to $2,289 per ton, with a decrease of -3.1% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 125% against the previous year. As a result, the export price reached the peak level of $5,272 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +8.5% per year.
Imports of Furniture; of Bamboo or Rattan in Ghana
In 2022, purchases abroad of furniture; of bamboo or rattan decreased by -3.8% to 18 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 3.4%. As a result, imports attained the peak of 18 tons, and then reduced slightly in the following year.
In value terms, furniture; of bamboo or rattan imports rose sharply to $11K in 2022. In general, imports recorded a abrupt contraction.
| Import of Furniture; of Bamboo or Rattan in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.7 | 10.2 | 8.9 | 9.8 | -5.7% |
| United States | 0.8 | 0.6 | 0.4 | 0.4 | -20.6% |
| Belgium | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| France | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Spain | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.6 | 0.5 | 0.5 | -10.6% |
| Total | 14.3 | 12.3 | 10.5 | 11.4 | -7.3% |
Top Suppliers of Furniture; of Bamboo or Rattan to Ghana in 2022:
- China (10.4 tons)
- United States (1.9 tons)
- Netherlands (1.1 tons)
- France (1.0 tons)
- Belgium (0.8 tons)
- Italy (0.7 tons)
- Spain (0.7 tons)
Exports of Furniture; of Bamboo or Rattan in Ghana
For the fourth consecutive year, Ghana recorded growth in shipments abroad of furniture; of bamboo or rattan, which increased by 2.9% to 142 kg in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, furniture; of bamboo or rattan exports dropped modestly to $325 in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year.
| Export of Furniture; of Bamboo or Rattan in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 178 | 290 | 301 | 300 | 19.0% |
| Others | 17.0 | 34.0 | 25.0 | 25.0 | 13.7% |
| Total | 195 | 324 | 326 | 325 | 18.6% |
Top Export Markets for Furniture; of Bamboo or Rattan from Ghana in 2022:
- Italy (141.0 kg)
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