Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (CIF) - 2022
In February 2022, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $2,635 per ton, which is down by -11.8% against the previous month. Over the period under review, import price indicated a notable increase from February 2021 to February 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) increased by +14.3% against October 2021 indices. The pace of growth was the most pronounced in June 2021 when the average import price increased by 85% against the previous month. As a result, import price attained the peak level of $3,328 per ton. From July 2021 to February 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +2.7% per month.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $10,248 per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,073 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($17,339 per ton), while the average price for exports to Germany ($505 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 Ecuador (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia
Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Colombia contracted to 4.4K tons in 2022, waning by -12.3% against the previous year. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 38%.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) fell modestly to $11M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, imports attained the peak of $12M, and then reduced modestly in the following year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 5.9 | 11.0 | 10.0 | 1.0% |
| Italy | 0.9 | 1.0 | 0.4 | 0.4 | -23.7% |
| Others | 1.1 | 0.5 | 0.4 | 1.1 | 0.0% |
| Total | 11.7 | 7.3 | 11.7 | 11.4 | -0.9% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Colombia in 2022:
- China (4.2K tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia
In 2022, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Colombia soared to 100 tons, increasing by 46% on 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) skyrocketed to $1M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | N/A | N/A | 435 | 292 | -32.9% |
| Ecuador | 11.4 | 22.8 | 50.2 | 195 | 157.7% |
| United States | 73.2 | 197 | 53.2 | 192 | 37.9% |
| Panama | 286 | 187 | 1.5 | 152 | -19.0% |
| Costa Rica | 6.9 | 89.6 | 8.1 | 95.6 | 140.2% |
| Chile | 93.3 | 17.2 | 27.6 | 19.5 | -40.7% |
| Aruba | 2.6 | 0.3 | N/A | 14.8 | 78.6% |
| Germany | N/A | 0.1 | 3.9 | 6.1 | 681.0% |
| Peru | 168 | 55.2 | 16.5 | 3.5 | -72.5% |
| Mexico | 33.4 | 0.2 | N/A | 2.1 | -60.2% |
| Others | 51.5 | 57.4 | 39.1 | 54.1 | 1.7% |
| Total | 726 | 627 | 635 | 1,027 | 12.3% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Colombia in 2022:
- Guyana (21.4 tons)
- United States (21.2 tons)
- Germany (12.1 tons)
- Ecuador (11.2 tons)
- Costa Rica (10.7 tons)
- Panama (9.9 tons)
- Aruba (5.8 tons)
- Chile (2.0 tons)
- Mexico (0.5 tons)
- Peru (0.4 tons)
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