Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania (FOB) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania (CIF) - 2023
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania (FOB) - 2023
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,774 per ton in November 2023, reducing by -1.8% against the previous month. In general, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 39% m-o-m. As a result, the export price attained the peak level of $9,554 per ton. From February 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Denmark ($24,055 per ton), while the average price for exports to Germany ($3,135 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 Denmark (+7.3%), 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 Lithuania (CIF) - 2023
In November 2023, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $3,550 per ton, waning by -38% against the previous month. Overall, the import price showed a perceptible curtailment. The growth pace was the most rapid in July 2023 when the average import price increased by 71% against the previous month. The import price peaked at $7,493 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Latvia ($8,764 per ton), while the price for Italy ($2,417 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 Latvia (+4.6%), 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 Lithuania
In 2022, approx. 4K tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Lithuania; picking up by 142% compared with the year before. Overall, exports continue to indicate a significant increase. As a result, the exports attained 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 $31M in 2022. In general, exports continue to indicate significant growth. 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 Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,401 | 795 | 2,528 | 5,828 | 60.8% |
| Denmark | 2,067 | 1,509 | 1,748 | 3,034 | 13.6% |
| France | 805 | 749 | 1,411 | 2,723 | 50.1% |
| Sweden | 335 | 556 | 389 | 2,414 | 93.2% |
| Netherlands | 1,837 | 1,128 | 726 | 1,437 | -7.9% |
| Finland | 347 | 130 | 168 | 972 | 41.0% |
| United States | 93.2 | 4.4 | 425 | 969 | 118.3% |
| Poland | 20.3 | 71.9 | 197 | 702 | 225.8% |
| Latvia | 673 | 150 | 308 | 689 | 0.8% |
| Italy | 534 | 236 | 776 | 669 | 7.8% |
| United Arab Emirates | 83.0 | 10.7 | 173 | 580 | 91.2% |
| Estonia | 215 | 98.7 | 105 | 476 | 30.3% |
| Australia | 16.0 | N/A | 129 | 351 | 179.9% |
| Others | 7,804 | 7,160 | 6,876 | 9,668 | 7.4% |
| Total | 16,231 | 12,597 | 15,959 | 30,512 | 23.4% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Lithuania in 2022:
- Germany (1409.4 tons)
- Sweden (378.0 tons)
- Denmark (338.7 tons)
- France (254.6 tons)
- Finland (174.3 tons)
- Estonia (153.7 tons)
- Netherlands (153.1 tons)
- Latvia (152.8 tons)
- Poland (104.7 tons)
- Italy (88.0 tons)
- United States (86.5 tons)
- Australia (82.6 tons)
- United Arab Emirates (66.5 tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into Lithuania skyrocketed to 1.4K tons, growing by 49% compared with the previous year's figure. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded sharply to $6.4M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, imports reached the peak of $6.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,058 | 3,022 | 1,678 | 2,291 | 3.6% |
| Poland | 1,017 | 1,348 | 1,928 | 2,287 | 31.0% |
| Latvia | 478 | 280 | 411 | 400 | -5.8% |
| Germany | 129 | 100 | 89.5 | 284 | 30.1% |
| Estonia | 43.8 | 700 | 463 | 193 | 63.9% |
| Spain | 903 | 26.7 | 85.4 | 109 | -50.6% |
| China | 324 | 216 | 259 | 71.3 | -39.6% |
| United Kingdom | 230 | 397 | 10.5 | 6.8 | -69.1% |
| Others | 407 | 487 | 783 | 758 | 23.0% |
| Total | 5,589 | 6,578 | 5,708 | 6,402 | 4.6% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Lithuania in 2022:
- Poland (1042.5 tons)
- Italy (121.7 tons)
- Latvia (54.3 tons)
- Germany (51.4 tons)
- Estonia (40.2 tons)
- Spain (26.0 tons)
- China (11.8 tons)
- United Kingdom (0.5 tons)
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