Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (CIF) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (CIF) - 2023
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $2,541 per ton in November 2023, with an increase of 59% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,622 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($31,220 per ton), while the price for China stood at $1,418 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.1%).
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $17,996 per ton in 2022, increasing by 37% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 57% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($40,914 per ton), while the average price for exports to Saudi Arabia ($4,838 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 the United States (+10.2%), 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 Hong Kong SAR
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into Hong Kong SAR declined rapidly to 5K tons, falling by -50.1% compared with the previous year's figure. In general, imports continue to indicate a precipitous contraction. The smallest decline of -2.4% was in 2021.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank sharply to $15M in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.8 | 11.5 | 12.3 | 8.5 | -14.9% |
| Italy | 3.5 | 2.8 | 3.6 | 3.4 | -1.0% |
| Others | 3.0 | 2.6 | 2.2 | 2.9 | -1.1% |
| Total | 20.3 | 16.9 | 18.2 | 14.9 | -9.8% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Hong Kong SAR in 2022:
- China (4.7K tons)
- Italy (0.2K tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR
In 2022, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Hong Kong SAR fell to 161 tons, which is down by -14.5% compared with the previous year's figure. In general, exports recorded a deep contraction.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $2.9M in 2022. Over the period under review, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 27%.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 989 | 1,451 | 1,589 | 1,704 | 19.9% |
| Macao SAR | 97.9 | 103 | 113 | 368 | 55.5% |
| France | 10.4 | 7.3 | 15.6 | 192 | 164.3% |
| South Korea | 46.6 | 18.5 | 69.7 | 145 | 46.0% |
| United States | 119 | 66.5 | 89.8 | 106 | -3.8% |
| Saudi Arabia | 110 | 28.8 | 0.1 | 97.0 | -4.1% |
| Singapore | 22.5 | 10.5 | 7.2 | 45.1 | 26.1% |
| Japan | 256 | 19.1 | 8.2 | 18.3 | -58.5% |
| United Kingdom | 1,206 | 6.9 | 35.0 | 17.7 | -75.5% |
| United Arab Emirates | 13.9 | 58.0 | 119 | 3.0 | -40.0% |
| Others | 256 | 175 | 425 | 195 | -8.7% |
| Total | 3,128 | 1,945 | 2,472 | 2,890 | -2.6% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Hong Kong SAR in 2022:
- China (80.1 tons)
- Macao SAR (23.2 tons)
- Saudi Arabia (20.1 tons)
- South Korea (7.3 tons)
- United States (5.6 tons)
- France (4.7 tons)
- United Kingdom (3.1 tons)
- Singapore (2.9 tons)
- Japan (1.7 tons)
- United Arab Emirates (1.2 tons)
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