Price for Furniture; of Bamboo or Rattan in South Korea - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in South Korea (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in South Korea (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in South Korea
- Exports of Furniture; of Bamboo or Rattan in South Korea
Price for Furniture; of Bamboo or Rattan in South Korea (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $1,676 per ton, almost unchanged from the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 7%. The import price peaked at $3,694 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($2,549 per ton), while the price for China ($1,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-2.1%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Bamboo or Rattan in South Korea (FOB) - 2022
In 2022, the average export price for furniture; of bamboo or rattan amounted to $5,034 per ton, declining by -5.8% against the previous year. In general, the export price, however, recorded a measured increase. The growth pace was the most rapid in 2017 an increase of 97%. The export price peaked at $5,936 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 China ($29,333 per ton), while the average price for exports to Canada ($286 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 Paraguay (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Bamboo or Rattan in South Korea
In 2022, overseas purchases of furniture; of bamboo or rattan were finally on the rise to reach 3.5 tons after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, furniture; of bamboo or rattan imports stood at $5.9K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Furniture; of Bamboo or Rattan in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 3.5 | 3.3 | 3.1 | -6.6% |
| Indonesia | 1.6 | 1.8 | 2.0 | 2.3 | 12.9% |
| Italy | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 6.0 | 6.0 | 5.9 | 5.9 | -0.6% |
Top Suppliers of Furniture; of Bamboo or Rattan to South Korea in 2022:
- China (2448.0 kg)
- Indonesia (886.0 kg)
- Italy (166.0 kg)
Exports of Furniture; of Bamboo or Rattan in South Korea
In 2022, overseas shipments of furniture; of bamboo or rattan decreased by 0% to 651 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, furniture; of bamboo or rattan exports reduced to $3.3K in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of $3.5K, and then shrank in the following year.
| Export of Furniture; of Bamboo or Rattan in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,570 | 1,831 | 2,083 | 1,973 | 7.9% |
| United Arab Emirates | 427 | 497 | 566 | 536 | 7.9% |
| Singapore | 219 | 255 | 290 | 275 | 7.9% |
| Canada | 6.0 | 6.0 | 5.0 | 4.0 | -12.6% |
| Others | 502 | 487 | 533 | 489 | -0.9% |
| Total | 2,724 | 3,076 | 3,477 | 3,277 | 6.4% |
Top Export Markets for Furniture; of Bamboo or Rattan from South Korea in 2022:
- United Arab Emirates (259.0 kg)
- Singapore (210.0 kg)
- Japan (140.0 kg)
- Canada (14.0 kg)
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