Price for Rattans Used Primarily for Plaiting in the United States - 2023

Contents:

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

Price for Rattans Used Primarily for Plaiting in the United States (CIF) - 2022

In 2022, the average import price for rattans used primarily for plaitings amounted to $5,784 per ton, falling by -16% against the previous year. Over the period under review, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked at $11,359 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Singapore ($32,109 per ton), while the price for China stood at $5,476 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.3%).

Price for Rattans Used Primarily for Plaiting in the United States (FOB) - 2022

In 2022, the average export price for rattans used primarily for plaitings amounted to $8,462 per ton, which is down by -26.7% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 246%. The export price peaked at $11,547 per ton in 2021, and then contracted rapidly in the following year.

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 Canada ($13,785 per ton), while the average price for exports to Brazil ($2,958 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 the Dominican Republic (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rattans Used Primarily for Plaiting in the United States

Rattans used primarily for plaiting imports into the United States skyrocketed to 477 tons in 2022, growing by 43% against 2021 figures. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rattans used primarily for plaiting imports skyrocketed to $2.8M in 2022. Over the period under review, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.4% 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 +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Rattans Used Primarily for Plaiting to the United States in 2022:

1. China (470.0 tons)
2. Singapore (4.8 tons)

Exports of Rattans Used Primarily for Plaiting in the United States

In 2022, exports of rattans used primarily for plaitings from the United States skyrocketed to 30 tons, increasing by 35% on the previous year. In general, exports, however, faced a abrupt shrinkage.

In value terms, rattans used primarily for plaiting exports dropped slightly to $251K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +86.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year.

Top Export Markets for Rattans Used Primarily for Plaiting from the United States in 2022:

1. Brazil (15.5 tons)
2. Canada (8.4 tons)
3. Mexico (5.6 tons)

Source: IndexBox Market Intelligence Platform