Price for Furniture; of Bamboo or Rattan in Vietnam - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Vietnam (FOB) - 2022
- Price for Furniture; of Bamboo or Rattan in Vietnam (CIF) - 2022
- Exports of Furniture; of Bamboo or Rattan in Vietnam
- Imports of Furniture; of Bamboo or Rattan in Vietnam
Price for Furniture; of Bamboo or Rattan in Vietnam (FOB) - 2022
In 2022, the average export price for furniture; of bamboo or rattan amounted to $10,329 per ton, with an increase of 2.4% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 76%. The export price peaked at $11,439 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 the Netherlands ($57,168 per ton), while the average price for exports to France ($1,846 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 Sweden (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Vietnam (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $235 per ton in 2022, dropping by -4.9% against the previous year. Over the period under review, the import price continues to indicate a significant decrease. The pace of growth appeared the most rapid in 2014 an increase of 1.6% against the previous year. Over the period under review, average import prices reached the peak figure at $4,659 per ton in 2012; however, from 2013 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 Italy ($1,053 per ton), while the price for Malaysia ($105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-11.5%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; of Bamboo or Rattan in Vietnam
In 2022, shipments abroad of furniture; of bamboo or rattan was finally on the rise to reach 43 tons after two years of decline. Overall, exports, however, continue to indicate a mild curtailment.
In value terms, furniture; of bamboo or rattan exports expanded to $443K in 2022. In general, exports, however, recorded a perceptible setback.
Export of Furniture; of Bamboo or Rattan in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 72.0 | 70.4 | 68.4 | 75.1 | 1.4% |
Australia | 48.0 | 48.7 | 48.9 | 55.6 | 5.0% |
Germany | 71.5 | 61.1 | 51.8 | 49.6 | -11.5% |
United States | 57.1 | 48.4 | 40.7 | 38.7 | -12.2% |
Jordan | 20.6 | 21.9 | 23.2 | 27.8 | 10.5% |
Sweden | 21.5 | 19.0 | 16.7 | 16.6 | -8.3% |
Poland | 10.5 | 10.3 | 10.1 | 11.1 | 1.9% |
United Kingdom | 16.1 | 13.3 | 11.0 | 10.2 | -14.1% |
Chile | 11.2 | 9.6 | 8.2 | 7.9 | -11.0% |
Spain | 11.6 | 9.7 | 8.1 | 7.6 | -13.1% |
Italy | 9.5 | 7.7 | 6.1 | 5.5 | -16.7% |
France | 11.9 | 8.7 | 6.3 | 5.2 | -24.1% |
Others | 142 | 133 | 124 | 132 | -2.4% |
Total | 504 | 462 | 424 | 443 | -4.2% |
Top Export Markets for Furniture; of Bamboo or Rattan from Vietnam in 2022:
- United States (14.0 tons)
- Germany (4.8 tons)
- United Kingdom (3.3 tons)
- France (2.8 tons)
- Chile (2.5 tons)
- Spain (1.9 tons)
- Jordan (1.8 tons)
- Poland (1.6 tons)
- Netherlands (1.3 tons)
- Italy (1.2 tons)
- Australia (1.1 tons)
- Sweden (0.8 tons)
Imports of Furniture; of Bamboo or Rattan in Vietnam
Furniture; of bamboo or rattan imports into Vietnam rose rapidly to 51 tons in 2022, increasing by 10% compared with the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, furniture; of bamboo or rattan imports reached $12K in 2022. In general, imports, however, recorded a perceptible slump.
Import of Furniture; of Bamboo or Rattan in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 3.6 | 3.9 | 4.1 | 4.9 | 10.8% |
Italy | 4.2 | 3.5 | 2.8 | 2.6 | -14.8% |
Malaysia | 2.2 | 2.1 | 2.0 | 2.1 | -1.5% |
China | 0.8 | 0.7 | 0.7 | 0.8 | 0.0% |
United States | 1.3 | 1.0 | 0.7 | 0.6 | -22.7% |
Thailand | 0.7 | 0.7 | 0.6 | 0.6 | -5.0% |
Spain | 0.9 | 0.7 | 0.5 | 0.4 | -23.7% |
Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
Total | 13.8 | 12.6 | 11.4 | 12.0 | -4.6% |
Top Suppliers of Furniture; of Bamboo or Rattan to Vietnam in 2022:
- Malaysia (20.4 tons)
- Singapore (16.6 tons)
- Thailand (4.9 tons)
- United States (3.6 tons)
- Italy (2.5 tons)
- China (1.5 tons)
- Spain (1.3 tons)
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