Price for Rattans Used Primarily for Plaiting in Singapore - 2022

Contents:

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

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

In September 2022, the average export price for rattans used primarily for plaitings amounted to $7,627 per ton, increasing by 51% against the previous month. Over the period under review, export price indicated a prominent increase from September 2021 to September 2022: its price increased at an average monthly rate of +6.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, rattans used primarily for plaiting export price increased by +51.4% against August 2022 indices. The growth pace was the most rapid in January 2022 an increase of 59% against the previous month. The export price peaked at $7,898 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Germany ($16,886 per ton), while the average price for exports to Pakistan ($3,197 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In September 2022, the average import price for rattans used primarily for plaitings amounted to $4,891 per ton, falling by -18.1% against the previous month. In general, the import price, however, recorded a tangible increase. The pace of growth was the most pronounced in May 2022 when the average import price increased by 273% month-to-month. As a result, import price attained the peak level of $16,740 per ton. From June 2022 to September 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($8,825 per ton), while the price for Malaysia ($2,752 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Rattans Used Primarily for Plaiting in Singapore

Rattans used primarily for plaiting exports from Singapore skyrocketed to 2.4K tons in 2022, jumping by 19% against the year before. In general, exports, however, recorded a slight reduction.

In value terms, rattans used primarily for plaiting exports soared to $11M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. India (867.5 tons)
2. Egypt (335.3 tons)
3. Pakistan (268.1 tons)
4. Spain (156.1 tons)
5. China (100.6 tons)
6. Mexico (99.9 tons)
7. Thailand (62.5 tons)
8. Dominican Republic (57.4 tons)
9. Italy (57.0 tons)
10. Turkey (48.4 tons)
11. Germany (31.6 tons)

Imports of Rattans Used Primarily for Plaiting in Singapore

In 2022, overseas purchases of rattans used primarily for plaitings were finally on the rise to reach 2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt downturn.

In value terms, rattans used primarily for plaiting imports soared to $7.4M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (1483.9 tons)
2. Malaysia (308.0 tons)
3. China (128.2 tons)
4. Philippines (42.6 tons)

Source: IndexBox Market Intelligence Platform