Price for Furniture; of Bamboo or Rattan in Sri Lanka - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Sri Lanka (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Sri Lanka (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Sri Lanka
- Exports of Furniture; of Bamboo or Rattan in Sri Lanka
Price for Furniture; of Bamboo or Rattan in Sri Lanka (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $425 per ton in 2022, picking up by 7.8% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 17%. As a result, import price attained the peak level of $2,550 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
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 the United Arab Emirates ($1,171 per ton), while the price for Italy ($17 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-14.6%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Bamboo or Rattan in Sri Lanka (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $2,386 per ton in 2022, dropping by -29.1% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 80% against the previous year. The export price peaked at $10,642 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,500 per ton), while the average price for exports to India ($1,000 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 the United Arab Emirates (+74.7%), while the prices for the other major destinations experienced a decline.
Imports of Furniture; of Bamboo or Rattan in Sri Lanka
In 2022, supplies from abroad of furniture; of bamboo or rattan was finally on the rise to reach 14 tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, furniture; of bamboo or rattan imports rose notably to $5.9K in 2022. In general, imports, however, recorded a abrupt contraction.
| Import of Furniture; of Bamboo or Rattan in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3,598 | 2,950 | 2,378 | 2,647 | -9.7% |
| United Arab Emirates | 1,947 | 1,805 | 1,646 | 2,073 | 2.1% |
| China | 1,576 | 1,004 | 628 | 543 | -29.9% |
| Malaysia | 218 | 202 | 184 | 232 | 2.1% |
| Singapore | 390 | 263 | 174 | 160 | -25.7% |
| India | 212 | 163 | 124 | 130 | -15.0% |
| Italy | 69.0 | 43.0 | 26.0 | 22.0 | -31.7% |
| Others | 129 | 96.0 | 72.0 | 73.0 | -17.3% |
| Total | 8,139 | 6,526 | 5,232 | 5,880 | -10.3% |
Top Suppliers of Furniture; of Bamboo or Rattan to Sri Lanka in 2022:
- China (4.3 tons)
- Indonesia (3.2 tons)
- Singapore (1.9 tons)
- United Arab Emirates (1.8 tons)
- Italy (1.3 tons)
- India (0.9 tons)
- Malaysia (0.2 tons)
Exports of Furniture; of Bamboo or Rattan in Sri Lanka
Furniture; of bamboo or rattan exports from Sri Lanka surged to 70 kg in 2022, growing by 35% against 2021. Overall, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 decreased by -17.6% against 2020 indices.
In value terms, furniture; of bamboo or rattan exports contracted slightly to $167 in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, the exports attained the peak of $175, and then fell in the following year.
| Export of Furniture; of Bamboo or Rattan in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 85.0 | 98.0 | 112 | 107 | 8.0% |
| Seychelles | 45.0 | 44.0 | 42.0 | 34.0 | -8.9% |
| United Kingdom | 6.0 | 7.0 | 10.0 | 11.0 | 22.4% |
| India | 2.0 | 2.0 | 2.0 | 2.0 | 0.0% |
| Others | 7.0 | 8.0 | 9.0 | 13.0 | 22.9% |
| Total | 145 | 159 | 175 | 167 | 4.8% |
Top Export Markets for Furniture; of Bamboo or Rattan from Sri Lanka in 2022:
- Maldives (37.0 kg)
- Seychelles (25.0 kg)
- United Kingdom (2.0 kg)
- India (2.0 kg)
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