Price for Furniture; of Bamboo or Rattan in the Dominican Republic - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in the Dominican Republic (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in the Dominican Republic (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in the Dominican Republic
- Exports of Furniture; of Bamboo or Rattan in the Dominican Republic
Price for Furniture; of Bamboo or Rattan in the Dominican Republic (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $10,610 per ton in 2022, increasing by 5.1% against the previous year. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 ($20,671 per ton), while the price for the United States ($4,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in the Dominican Republic (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $6,591 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, saw prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 111%. Over the period under review, the average export prices hit record highs at $6,681 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($55,056 per ton), while the average price for exports to France ($362 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 States (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; of Bamboo or Rattan in the Dominican Republic
In 2022, after three years of growth, there was significant decline in purchases abroad of furniture; of bamboo or rattan, when their volume decreased by -9.1% to 262 tons. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 4.2%.
In value terms, furniture; of bamboo or rattan imports declined slightly to $2.8M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 9.8%.
| Import of Furniture; of Bamboo or Rattan in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,200 | 1,358 | 1,531 | 1,495 | 7.6% |
| Spain | 795 | 875 | 958 | 909 | 4.6% |
| Indonesia | 204 | 185 | 167 | 131 | -13.7% |
| United States | 87.8 | 83.9 | 79.9 | 65.9 | -9.1% |
| Others | 125 | 145 | 170 | 175 | 11.9% |
| Total | 2,411 | 2,647 | 2,906 | 2,777 | 4.8% |
Top Suppliers of Furniture; of Bamboo or Rattan to the Dominican Republic in 2022:
- Spain (155.7 tons)
- China (72.3 tons)
- United States (14.3 tons)
- Indonesia (9.1 tons)
Exports of Furniture; of Bamboo or Rattan in the Dominican Republic
In 2022, shipments abroad of furniture; of bamboo or rattan decreased by -3% to 765 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 +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of 789 kg, and then declined in the following year.
In value terms, furniture; of bamboo or rattan exports shrank modestly to $5K in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.6%. As a result, the exports attained the peak of $5.3K, and then declined modestly in the following year.
| Export of Furniture; of Bamboo or Rattan in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.3 | 3.7 | 4.1 | 4.0 | 6.6% |
| United States | 1.0 | 1.0 | 1.1 | 1.0 | 0.0% |
| France | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.4 | 4.8 | 5.3 | 5.0 | 4.4% |
Top Export Markets for Furniture; of Bamboo or Rattan from the Dominican Republic in 2022:
- Spain (650.0 kg)
- France (94.0 kg)
- United States (18.0 kg)
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