Price for Rattans Used Primarily for Plaiting in Malaysia - 2022

Contents:

1. Price for Rattans Used Primarily for Plaiting in Malaysia (FOB) - 2022
2. Price for Rattans Used Primarily for Plaiting in Malaysia (CIF) - 2022
3. Exports of Rattans Used Primarily for Plaiting in Malaysia
4. Imports of Rattans Used Primarily for Plaiting in Malaysia

Price for Rattans Used Primarily for Plaiting in Malaysia (FOB) - 2022

The average export price for rattans used primarily for plaitings stood at $1,262 per ton in 2022, increasing by 2.1% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2016 an increase of 24%. Over the period under review, the average export prices attained the peak figure at $1,439 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($3,187 per ton), while the average price for exports to India ($496 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 Singapore (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Rattans Used Primarily for Plaiting in Malaysia (CIF) - 2022

The average import price for rattans used primarily for plaitings stood at $7,559 per ton in 2022, jumping by 93% against the previous year. Over the period under review, the import price enjoyed a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 127%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,259 per ton), while the price for Indonesia ($267 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Rattans Used Primarily for Plaiting in Malaysia

In 2022, the amount of rattans used primarily for plaitings exported from Malaysia dropped to 1K tons, standing approx. at 2021. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 2.1%.

In value terms, rattans used primarily for plaiting exports totaled $1.3M in 2022. In general, exports recorded a deep reduction.

Top Export Markets for Rattans Used Primarily for Plaiting from Malaysia in 2022:

1. India (262.0 tons)
2. Singapore (190.7 tons)
3. Egypt (135.1 tons)
4. Pakistan (124.9 tons)
5. China (99.4 tons)
6. Thailand (36.2 tons)
7. Ukraine (22.1 tons)
8. Italy (13.4 tons)

Imports of Rattans Used Primarily for Plaiting in Malaysia

In 2022, the amount of rattans used primarily for plaitings imported into Malaysia skyrocketed to 6.1 tons, with an increase of 192% compared with 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 411% against the previous year. As a result, imports reached the peak of 18 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rattans used primarily for plaiting imports surged to $46K in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,059%. As a result, imports reached the peak of $84K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Rattans Used Primarily for Plaiting to Malaysia in 2022:

1. China (4.9 tons)
2. Indonesia (0.8 tons)
3. Mexico (0.1 tons)
4. Philippines (0.1 tons)

Source: IndexBox Market Intelligence Platform