Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $6,368 per ton in 2022, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2018 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($6,369 per ton) and Turkey ($6,369 per ton), while the price for Spain ($6,361 per ton) and Austria ($6,367 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $11,036 per ton in 2022, waning by -18.5% against the previous year. Overall, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 379%. Over the period under review, the average export prices attained the peak figure at $13,544 per ton in 2021, and then contracted notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($11,911 per ton), while the average price for exports to the United Arab Emirates ($1,873 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 France (+39.1%), 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 Egypt
Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Egypt dropped dramatically to 28 tons in 2022, falling by -83.5% against 2021. Over the period under review, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) contracted markedly to $179K in 2022. Overall, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 121 | 35.6 | 109 | 98.3 | -6.7% |
| China | 157 | 10.8 | 64.8 | 28.4 | -43.4% |
| Turkey | 39.9 | 1.5 | 55.9 | 23.5 | -16.2% |
| United Arab Emirates | 19.9 | 354 | 13.3 | 8.8 | -23.8% |
| Austria | N/A | N/A | N/A | 7.9 | 0% |
| Thailand | 2.8 | N/A | 0.1 | 4.5 | 17.1% |
| South Korea | 29.2 | 1.0 | N/A | N/A | -96.6% |
| Germany | 190 | 9.1 | 44.7 | N/A | -51.5% |
| Malaysia | 70.4 | 1.9 | N/A | N/A | -97.3% |
| Mexico | 124 | 10.6 | N/A | N/A | -91.5% |
| Saudi Arabia | 56.2 | 0.7 | 1.0 | N/A | -86.7% |
| Others | 161 | 43.2 | 637 | 7.6 | -63.9% |
| Total | 972 | 468 | 925 | 179 | -43.1% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Egypt in 2022:
- Italy (15.4 tons)
- China (4.5 tons)
- Turkey (3.7 tons)
- United Arab Emirates (1.4 tons)
- Austria (1.2 tons)
- Thailand (0.7 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt
After three years of growth, overseas shipments of furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -85% to 10 tons in 2022. Overall, exports faced a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. As a result, the exports attained the peak of 69 tons, and then fell markedly in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) dropped dramatically to $114K in 2022. Over the period under review, exports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 125% against the previous year. As a result, the exports attained the peak of $929K, and then shrank remarkably in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 302 | 735 | 53.7 | -57.8% |
| United Kingdom | N/A | N/A | 30.8 | 32.7 | 6.2% |
| Saudi Arabia | 224 | 15.3 | 25.7 | 16.7 | -57.9% |
| Israel | N/A | N/A | N/A | 8.2 | 0% |
| United Arab Emirates | 12.8 | 35.0 | 23.3 | 1.7 | -49.0% |
| Turkey | N/A | 53.8 | N/A | 0.3 | -92.5% |
| Libya | 0.1 | N/A | N/A | N/A | 0% |
| Others | 17.0 | 7.4 | 113 | 0.4 | -71.3% |
| Total | 254 | 413 | 929 | 114 | -23.4% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Egypt in 2022:
- United States (4.5 tons)
- United Kingdom (2.7 tons)
- Saudi Arabia (1.4 tons)
- United Arab Emirates (0.9 tons)
- Israel (0.7 tons)
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