Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $7,864 per ton in 2022, declining by -2.2% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 76%. Over the period under review, average import prices hit record highs at $8,040 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,636 per ton), while the price for Germany ($6,822 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,842 per ton in 2022, surging by 8.4% against the previous year. Overall, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $5,669 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($8,091 per ton), while the average price for exports to Portugal ($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 Trinidad and Tobago (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh
In 2022, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Bangladesh reduced sharply to 462 tons, waning by -18.8% against the previous year's figure. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 61%.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank dramatically to $3.6M in 2022. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.0% 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 +34.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of $4.6M, and then fell dramatically in the following year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 2.5 | 4.0 | 3.2 | 3.3% |
| Italy | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Germany | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Total | 3.4 | 2.7 | 4.6 | 3.6 | 1.9% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Bangladesh in 2022:
- China (418.6 tons)
- Germany (11.6 tons)
- Italy (8.9 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh
In 2022, shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -8.7% to 39 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 39%. As a result, the exports reached the peak of 47 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) fell slightly to $191K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120%.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 63.4 | 94.8 | 170 | 149.1% |
| Trinidad and Tobago | N/A | N/A | 14.9 | 12.0 | -19.5% |
| Spain | N/A | N/A | 9.4 | 1.3 | -86.2% |
| United Kingdom | N/A | 56.6 | 47.1 | 0.8 | -88.1% |
| Poland | 5.6 | 11.1 | N/A | 0.1 | -73.9% |
| South Korea | 41.5 | 42.2 | 0.9 | N/A | -85.3% |
| Brazil | 9.5 | N/A | N/A | N/A | 0% |
| Others | 18.2 | 15.6 | 25.6 | 7.1 | -26.9% |
| Total | 85.9 | 189 | 193 | 191 | 30.5% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Bangladesh in 2022:
- United States (35.8 tons)
- Trinidad and Tobago (1.5 tons)
- Spain (0.6 tons)
- United Kingdom (0.4 tons)
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