Price for Wood; Statuettes and Other Ornaments of Wood in Sudan - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in Sudan (CIF) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in Sudan (FOB) - 2022
3. Imports of Wood; Statuettes and Other Ornaments of Wood in Sudan
4. Exports of Wood; Statuettes and Other Ornaments of Wood in Sudan

Price for Wood; Statuettes and Other Ornaments of Wood in Sudan (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $2,514 per ton in 2022, declining by -13.8% against the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 59%. The import price peaked at $4,808 per ton in 2020; however, from 2021 to 2022, import prices stood 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 Turkey ($6,000 per ton), while the price for Indonesia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Sudan (FOB) - 2022

In 2021, the average export price for wood; statuettes and other ornaments of wood amounted to $12,216 per ton, increasing by 14% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 76% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Egypt amounted to +1.7% per year.

Imports of Wood; Statuettes and Other Ornaments of Wood in Sudan

In 2022, imports of wood; statuettes and other ornaments of wood into Sudan contracted rapidly to 74 kg, waning by -79.6% against 2021 figures. Over the period under review, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of 362 kg, and then reduced rapidly in the following year.

In value terms, imports of wood; statuettes and other ornaments of wood reduced sharply to $186 in 2022. In general, imports recorded a sharp descent. The growth pace was the most rapid in 2021 with an increase of 8.2% against the previous year. As a result, imports reached the peak of $1.1K, and then contracted dramatically in the following year.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Sudan in 2022:

1. China (27.0 kg)
2. Egypt (23.0 kg)
3. Kenya (11.0 kg)
4. United Arab Emirates (7.0 kg)
5. Saudi Arabia (2.0 kg)
6. Malawi (2.0 kg)

Exports of Wood; Statuettes and Other Ornaments of Wood in Sudan

In 2021, exports of wood; statuettes and other ornaments of wood from Sudan fell remarkably to 486 kg, with a decrease of -33.1% against 2020 figures. Over the period under review, exports showed a dramatic slump. The smallest decline of -33% was in 2020.

In value terms, exports of wood; statuettes and other ornaments of wood dropped dramatically to $5.9K in 2021. Overall, exports saw a sharp descent. The smallest decline of -23.7% was in 2020.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Sudan in 2022:

1. Tanzania (486.0 kg)

Source: IndexBox Market Intelligence Platform