Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq - 2022

Contents:

  1. Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq (CIF) - 2022
  2. Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq (FOB) - 2022
  3. Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq
  4. Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq

Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq (CIF) - 2022

The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $3,116 per ton in 2022, rising by 6.5% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 -8.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 41%. The import price peaked at $3,419 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,325 per ton), while the price for Turkey ($1,629 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.2%), 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 Iraq (FOB) - 2022

In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $2,316 per ton, surging by 4.8% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 440%. The export price peaked at $6,975 per ton in 2013; however, from 2014 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 Turkey ($6,600 per ton), while the average price for exports to the UK ($1,848 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 Arab Emirates (+14.6%), 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 Iraq

Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Iraq expanded to 4K tons in 2022, picking up by 3.7% on the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.5% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded remarkably to $12M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.76.44.26.5-1.0%
Iran1.42.43.02.419.7%
Turkey1.72.63.12.17.3%
United Arab Emirates0.10.20.10.458.7%
Others0.71.90.91.012.6%
Total10.613.511.212.35.1%

Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Iraq in 2022:

  1. Iran (1384.3 tons)
  2. Turkey (1285.0 tons)
  3. China (1035.0 tons)
  4. United Arab Emirates (97.1 tons)

Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq

After two years of decline, shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan) increased by 6.4% to 348 kg in 2022. Overall, exports, however, saw a significant decline.

In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) reached $806 in 2022. Over the period under review, exports, however, continue to indicate a sharp descent.

Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Iraq (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/A678510-24.8%
LebanonN/AN/AN/A2630%
Turkey1,95054339.033.0-74.3%
SpainN/A79.0N/AN/A0%
Germany895266N/AN/A-70.3%
United Arab Emirates731N/AN/AN/A0%
Others49.0N/A6.0N/A-65.0%
Total3,625888723806-39.4%

Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Iraq in 2022:

  1. United Kingdom (276.0 kg)
  2. Lebanon (67.0 kg)
  3. Turkey (5.0 kg)

Source: IndexBox Market Intelligence Platform

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