Price for Rattans Used Primarily for Plaiting in Vietnam - 2021

Contents:

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

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

The average export price for rattans used primarily for plaitings stood at $5,122 per ton in 2022, surging by 5.3% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. The export price peaked at $7,574 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Sweden ($10,758 per ton), while the average price for exports to Algeria ($484 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 India (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for rattans used primarily for plaitings amounted to $10,920 per ton, reducing by -3.7% against the previous year. Over the period under review, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 38%. As a result, import price attained the peak level of $11,814 per ton. From 2021 to 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 2022, amid the top importers, the country with the highest price was Singapore ($158,682 per ton), while the price for Indonesia ($294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Rattans Used Primarily for Plaiting in Vietnam

After three years of growth, overseas shipments of rattans used primarily for plaitings decreased by -4.9% to 248 tons in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +54.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. As a result, the exports reached the peak of 260 tons, and then contracted slightly in the following year.

In value terms, rattans used primarily for plaiting exports amounted to $1.3M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. As a result, the exports reached the peak of $1.3M; afterwards, it flattened through to 2022.

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

1. China (36.5 tons)
2. Thailand (34.0 tons)
3. Egypt (28.5 tons)
4. Algeria (22.7 tons)
5. Hungary (22.3 tons)
6. India (14.3 tons)
7. Mauritius (12.9 tons)
8. Costa Rica (9.0 tons)
9. Slovenia (8.7 tons)
10. Mexico (6.5 tons)
11. Sweden (5.5 tons)
12. Tunisia (5.2 tons)
13. Slovakia (5.0 tons)

Imports of Rattans Used Primarily for Plaiting in Vietnam

In 2022, approx. 8.8 tons of rattans used primarily for plaitings were imported into Vietnam; reducing by -35% compared with 2021. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 315%. As a result, imports reached the peak of 14 tons, and then declined rapidly in the following year.

In value terms, rattans used primarily for plaiting imports dropped significantly to $96K in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 298% against the previous year. As a result, imports attained the peak of $154K, and then shrank significantly in the following year.

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

1. China (7.0 tons)
2. Indonesia (1.3 tons)
3. Lao People's Democratic Republic (0.5 tons)

Source: IndexBox Market Intelligence Platform