Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy (FOB) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy (CIF) - 2023
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy (FOB) - 2023
In November 2023, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $29,207 per ton, growing by 7.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in August 2023 an increase of 23% m-o-m. As a result, the export price attained the peak level of $30,571 per ton. From September 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was India ($42,249 per ton), while the average price for exports to Algeria ($7,965 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.9%), 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 Italy (CIF) - 2023
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $2,964 per ton in November 2023, declining by -37.6% against the previous month. Overall, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 63% against the previous month. The import price peaked at $7,723 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($9,523 per ton), while the price for Albania ($588 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Greece (+15.1%), 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 Italy
Exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Italy expanded markedly to 25K tons in 2022, increasing by 12% compared with the year before. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $539M in 2022. The total export value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports of attained the peak figure in 2022 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.7 | 52.0 | 65.4 | 92.7 | 19.2% |
| China | 40.2 | 34.9 | 43.9 | 53.0 | 9.7% |
| France | 40.3 | 33.5 | 37.3 | 46.8 | 5.1% |
| Switzerland | 16.6 | 15.5 | 25.1 | 29.3 | 20.9% |
| Germany | 19.8 | 17.9 | 23.2 | 23.5 | 5.9% |
| Russia | 12.5 | 15.8 | 23.5 | 22.4 | 21.5% |
| United Kingdom | 21.6 | 15.9 | 19.7 | 22.2 | 0.9% |
| Spain | 13.9 | 13.5 | 19.2 | 17.9 | 8.8% |
| United Arab Emirates | 3.3 | 10.6 | 13.3 | 16.2 | 70.0% |
| Saudi Arabia | 6.7 | 5.7 | 3.4 | 9.3 | 11.5% |
| Israel | 6.4 | 5.5 | 5.7 | 9.1 | 12.4% |
| Canada | 6.8 | 3.8 | 6.9 | 7.5 | 3.3% |
| Congo | 0.1 | 0.4 | N/A | 2.6 | 196.2% |
| Others | 171 | 143 | 171 | 187 | 3.0% |
| Total | 414 | 368 | 458 | 539 | 9.2% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Italy in 2022:
- United States (4.4K tons)
- France (2.2K tons)
- China (1.5K tons)
- Germany (1.4K tons)
- United Kingdom (1.3K tons)
- Switzerland (1.3K tons)
- Russia (0.8K tons)
- Spain (0.8K tons)
- Canada (0.6K tons)
- Congo (0.6K tons)
- United Arab Emirates (0.5K tons)
- Israel (0.5K tons)
- Saudi Arabia (0.4K tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy
Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Italy reduced to 8.5K tons in 2022, waning by -4.6% on 2021. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 12%.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) rose notably to $41M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 12.2 | 20.1 | 21.1 | 14.4% |
| France | 1.7 | 4.4 | 3.3 | 3.7 | 29.6% |
| Spain | 0.7 | 1.5 | 1.3 | 2.9 | 60.6% |
| Germany | 3.3 | 3.1 | 2.4 | 2.8 | -5.3% |
| Turkey | 1.1 | 1.1 | 0.9 | 1.5 | 10.9% |
| Poland | 0.9 | 0.3 | 0.5 | 1.1 | 6.9% |
| Vietnam | 0.6 | 0.3 | 0.7 | 1.0 | 18.6% |
| Netherlands | 0.6 | 1.4 | 1.1 | 0.7 | 5.3% |
| Romania | 1.4 | 0.8 | 0.5 | 0.3 | -40.2% |
| Others | 3.9 | 3.9 | 6.2 | 6.3 | 17.3% |
| Total | 28.4 | 29.0 | 37.2 | 41.5 | 13.5% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Italy in 2022:
- China (5189.7 tons)
- Turkey (1023.9 tons)
- Spain (562.1 tons)
- Vietnam (242.3 tons)
- Germany (222.9 tons)
- France (190.8 tons)
- Poland (103.8 tons)
- Netherlands (63.4 tons)
- Romania (39.0 tons)
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