Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States (CIF) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States (CIF) - 2023
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $3,542 per ton in December 2023, rising by 5.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 8.2% m-o-m. As a result, import price reached the peak level of $4,110 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($24,825 per ton), while the price for Malaysia ($2,151 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), 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 the United States (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $11,441 per ton in 2022, remaining relatively unchanged against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -7.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $12,313 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($117,905 per ton), while the average price for exports to El Salvador ($2,566 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 Canada (+33.9%), 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 the United States
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into the United States amounted to 388K tons, remaining relatively unchanged against the previous year's figure. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) rose sharply to $1.3B in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 644 | 499 | 606 | 618 | -1.4% |
| Vietnam | 140 | 171 | 193 | 223 | 16.8% |
| Italy | 46.5 | 40.2 | 62.0 | 101 | 29.5% |
| Malaysia | 50.9 | 86.6 | 95.8 | 85.6 | 18.9% |
| India | 32.5 | 32.5 | 49.2 | 50.0 | 15.4% |
| Philippines | 17.6 | 17.2 | 27.8 | 33.4 | 23.8% |
| Cambodia | 0.6 | 4.5 | 13.7 | 28.8 | 263.4% |
| France | 17.4 | 12.7 | 17.3 | 28.5 | 17.9% |
| Others | 106 | 77.7 | 118 | 161 | 14.9% |
| Total | 1,055 | 942 | 1,183 | 1,330 | 8.0% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to the United States in 2022:
- China (241.7K tons)
- Vietnam (55.4K tons)
- Italy (17.7K tons)
- India (12.2K tons)
- Malaysia (11.0K tons)
- Cambodia (10.6K tons)
- Philippines (6.7K tons)
- France (6.3K tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in the United States
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) exported from the United States surged to 14K tons, growing by 20% against 2021 figures. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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) surged to $165M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 41.5 | 42.9 | 48.9 | 59.6 | 12.8% |
| Dominican Republic | 2.4 | 1.1 | 2.5 | 7.6 | 46.8% |
| United Kingdom | 9.8 | 6.1 | 3.3 | 7.4 | -8.9% |
| Venezuela | 4.2 | 1.9 | 4.0 | 6.4 | 15.1% |
| Mexico | 4.2 | 2.9 | 3.1 | 6.3 | 14.5% |
| Costa Rica | 2.0 | 1.5 | 2.1 | 5.0 | 35.7% |
| Cayman Islands | 1.0 | 1.2 | 2.8 | 4.0 | 58.7% |
| Jamaica | 2.2 | 1.5 | 1.5 | 2.1 | -1.5% |
| Australia | 3.3 | 3.8 | 2.1 | 2.1 | -14.0% |
| United Arab Emirates | 3.5 | 1.4 | 1.8 | 1.9 | -18.4% |
| Panama | 2.1 | 1.4 | 2.1 | 1.7 | -6.8% |
| Aruba | 1.2 | 0.6 | 0.6 | 1.2 | 0.0% |
| El Salvador | 0.5 | 0.1 | 0.5 | 0.8 | 17.0% |
| Others | 71.5 | 62.4 | 60.2 | 58.8 | -6.3% |
| Total | 149 | 129 | 135 | 165 | 3.5% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from the United States in 2022:
- Mexico (1.4K tons)
- Costa Rica (1.1K tons)
- Dominican Republic (1.1K tons)
- Venezuela (1.1K tons)
- Canada (0.5K tons)
- Australia (0.5K tons)
- Panama (0.5K tons)
- Cayman Islands (0.5K tons)
- United Kingdom (0.5K tons)
- Aruba (0.5K tons)
- Jamaica (0.4K tons)
- El Salvador (0.3K tons)
- United Arab Emirates (0.3K tons)
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