Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (FOB) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (CIF) - 2022
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (FOB) - 2023
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $6,073 per ton in December 2023, surging by 15% against the previous month. In general, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in March 2023 when the average export price increased by 28% m-o-m. The export price peaked at $7,316 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($15,506 per ton), while the average price for exports to Germany ($3,021 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $20,883 per ton in 2022, declining by -4.4% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -5.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $22,030 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Germany ($23,696 per ton), while the price for Lithuania ($3,551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China
In 2022, approx. 445K tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from China; waning by -13.3% against the year before. In general, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, the exports reached the peak of 514K tons, and then dropped in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded markedly to $2.5B in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 22%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 296 | 375 | 438 | 362 | 6.9% |
| Malaysia | 77.1 | 81.3 | 130 | 215 | 40.8% |
| Singapore | 62.2 | 97.4 | 47.5 | 133 | 28.8% |
| Australia | 58.8 | 88.3 | 106 | 106 | 21.7% |
| Saudi Arabia | 59.2 | 93.6 | 114 | 98.3 | 18.4% |
| South Korea | 50.1 | 76.5 | 114 | 95.6 | 24.0% |
| Hong Kong SAR | 32.9 | 23.6 | 25.6 | 84.0 | 36.7% |
| Japan | 37.7 | 73.6 | 80.2 | 78.2 | 27.5% |
| United Kingdom | 93.1 | 103 | 120 | 72.3 | -8.1% |
| Philippines | 31.6 | 39.3 | 39.9 | 70.6 | 30.7% |
| Germany | 61.3 | 65.9 | 87.1 | 68.1 | 3.6% |
| Canada | 50.1 | 56.7 | 62.2 | 57.8 | 4.9% |
| Netherlands | 49.9 | 48.5 | 71.7 | 50.6 | 0.5% |
| Others | 585 | 668 | 855 | 975 | 18.6% |
| Total | 1,545 | 1,891 | 2,291 | 2,467 | 16.9% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from China in 2022:
- United States (77.2K tons)
- Malaysia (22.3K tons)
- Australia (21.4K tons)
- Singapore (19.5K tons)
- Hong Kong SAR (18.5K tons)
- Germany (18.3K tons)
- United Kingdom (16.5K tons)
- Japan (14.4K tons)
- South Korea (13.7K tons)
- Saudi Arabia (12.6K tons)
- Philippines (12.3K tons)
- Canada (11.8K tons)
- Netherlands (11.0K tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China
In 2022, approx. 3.2K tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were imported into China; with an increase of 7.1% compared with 2021. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded to $67M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 10%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 32.8 | 29.6 | 44.8 | 49.6 | 14.8% |
| Germany | 5.9 | 4.4 | 4.2 | 2.4 | -25.9% |
| Japan | 1.8 | 5.3 | 2.0 | 2.0 | 3.6% |
| Turkey | N/A | 0.2 | 0.2 | 0.5 | 58.1% |
| Vietnam | 0.8 | 0.7 | 0.5 | 0.5 | -14.5% |
| Lithuania | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Others | 17.2 | 24.4 | 13.2 | 11.6 | -12.3% |
| Total | 58.9 | 64.8 | 65.3 | 66.9 | 4.3% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to China in 2022:
- Italy (2240.0 tons)
- Japan (313.5 tons)
- Turkey (127.5 tons)
- Germany (102.0 tons)
- Lithuania (64.7 tons)
- Vietnam (43.3 tons)
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