Price for Rattans Used Primarily for Plaiting in Myanmar - 2022

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

The average export price for rattans used primarily for plaitings stood at $676 per ton in 2022, with a decrease of -13.1% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs at $3,440 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -15.1% per year.

Exports of Rattans Used Primarily for Plaiting in Myanmar

Rattans used primarily for plaiting exports from Myanmar soared to 7.8K tons in 2022, rising by 537% compared with the previous year's figure. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rattans used primarily for plaiting exports surged to $5.2M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 544% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.