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

Contents:

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

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

The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $9,425 per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the maximum at $12,064 per ton in 2018; however, from 2019 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 Italy ($13,088 per ton), while the price for Chile ($2,526 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $5,967 per ton, declining by -8.2% against the previous year. Over the period under review, the export price, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2021 an increase of 217% against the previous year. The export price peaked at $8,677 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($12,290 per ton), while the average price for exports to Costa Rica ($1,611 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 France (+34.7%), 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 Venezuela

In 2022, approx. 489 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were imported into Venezuela; dropping by -25.5% against 2021 figures. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports reached the peak of 656 tons, and then fell significantly in the following year.

In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank notably to $4.6M in 2022. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports reached the peak of $6.2M, and then contracted dramatically in the following year.

Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Venezuela (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.21.94.03.2-8.7%
China0.40.41.30.826.0%
Italy0.80.60.70.5-14.5%
ChileN/AN/AN/AN/A0%
Others0.10.10.30.10.0%
Total5.63.06.24.6-6.3%

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

  1. United States (286.5 tons)
  2. China (148.6 tons)
  3. Italy (35.9 tons)
  4. Chile (11.0 tons)

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

In 2022, approx. 1.3 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Venezuela; picking up by 34% compared with the previous year's figure. Over the period under review, exports, however, recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. As a result, the exports attained the peak of 4.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $7.9K in 2022. Overall, exports, however, saw a abrupt decline.

Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/AN/A5.90%
Costa RicaN/A9.4N/A0.9-69.1%
PortugalN/AN/AN/A0.60%
Trinidad and Tobago0.2N/A2.10.535.7%
United States1.3N/AN/AN/A0%
India4.3N/AN/AN/A0%
Guyana6.2N/A2.8N/A-32.8%
Others1.9N/A1.5N/A-11.1%
Total13.89.46.47.9-17.0%

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

  1. Costa Rica (561.0 kg)
  2. Singapore (483.0 kg)
  3. Trinidad and Tobago (200.0 kg)
  4. Portugal (78.0 kg)

Source: IndexBox Market Intelligence Platform

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