Price for Furniture; of Bamboo or Rattan in Uganda - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Uganda (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Uganda (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Uganda
- Exports of Furniture; of Bamboo or Rattan in Uganda
Price for Furniture; of Bamboo or Rattan in Uganda (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $6,592 per ton in 2022, falling by -3.3% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, furniture; of bamboo or rattan import price increased by +20.4% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 67%. The import price peaked at $8,509 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($46,000 per ton), while the price for Malaysia ($1,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+120.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Uganda (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $314 per ton in 2022, shrinking by -35.9% against the previous year. In general, the export price showed a significant decrease. The growth pace was the most rapid in 2013 an increase of 34%. Over the period under review, the average export prices reached the maximum at $7,750 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -24.6% per year.
Imports of Furniture; of Bamboo or Rattan in Uganda
In 2022, purchases abroad of furniture; of bamboo or rattan was finally on the rise to reach 573 kg after two years of decline. Overall, imports, however, showed a perceptible decrease.
In value terms, furniture; of bamboo or rattan imports dropped modestly to $3.8K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 0.4% against the previous year. As a result, imports reached the peak of $3.8K, leveling off in the following year.
| Import of Furniture; of Bamboo or Rattan in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.8 | 2.9 | 2.9 | 3.7% |
| Turkey | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| South Africa | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Total | 3.8 | 3.8 | 3.8 | 3.8 | 0.0% |
Top Suppliers of Furniture; of Bamboo or Rattan to Uganda in 2022:
- China (501.0 kg)
- Turkey (30.0 kg)
- South Africa (24.0 kg)
Exports of Furniture; of Bamboo or Rattan in Uganda
For the fourth year in a row, Uganda recorded growth in shipments abroad of furniture; of bamboo or rattan, which increased by 48% to 748 kg in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 82%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, furniture; of bamboo or rattan exports declined slightly to $235 in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 12%.
| Export of Furniture; of Bamboo or Rattan in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 200 | 223 | 247 | 235 | 5.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 200 | 223 | 247 | 235 | 5.5% |
Top Export Markets for Furniture; of Bamboo or Rattan from Uganda in 2022:
- Democratic Republic of the Congo (748.0 kg)
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