Price for Furniture; of Bamboo or Rattan in Colombia - 2022

Contents:

  1. Price for Furniture; of Bamboo or Rattan in Colombia (FOB) - 2022
  2. Price for Furniture; of Bamboo or Rattan in Colombia (CIF) - 2022
  3. Exports of Furniture; of Bamboo or Rattan in Colombia
  4. Imports of Furniture; of Bamboo or Rattan in Colombia

Price for Furniture; of Bamboo or Rattan in Colombia (FOB) - 2022

The average export price for furniture; of bamboo or rattan stood at $4,065 per ton in 2022, reducing by -11.6% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 47% against the previous year. The export price peaked at $7,300 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($77,111 per ton), while the average price for exports to Ecuador ($2,319 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 Trinidad and Tobago (+53.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Furniture; of Bamboo or Rattan in Colombia (CIF) - 2022

The average import price for furniture; of bamboo or rattan stood at $3,542 per ton in 2022, rising by 1.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 an increase of 16%. As a result, import price reached the peak level of $5,682 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,158 per ton), while the price for the Philippines ($266 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), while the prices for the other major suppliers experienced a decline.

Exports of Furniture; of Bamboo or Rattan in Colombia

In 2022, approx. 1.7 tons of furniture; of bamboo or rattan were exported from Colombia; declining by -7.5% compared with the previous year. Overall, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year.

In value terms, furniture; of bamboo or rattan exports dropped rapidly to $6.9K in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.

Export of Furniture; of Bamboo or Rattan in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador4.52.54.23.4-8.9%
United States2.81.73.02.5-3.7%
Saint LuciaN/A0.2N/AN/A0%
Others1.51.01.31.0-12.6%
Total8.85.48.56.9-7.8%

Top Export Markets for Furniture; of Bamboo or Rattan from Colombia in 2022:

  1. Ecuador (1475.0 kg)
  2. United States (197.0 kg)

Imports of Furniture; of Bamboo or Rattan in Colombia

In 2022, supplies from abroad of furniture; of bamboo or rattan was finally on the rise to reach 624 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible shrinkage.

In value terms, furniture; of bamboo or rattan imports reached $2.2K in 2022. Over the period under review, imports, however, showed a perceptible descent.

Import of Furniture; of Bamboo or Rattan in Colombia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia1,5411,4831,4191,467-1.6%
China399335280252-14.2%
Germany12214015919617.1%
Chile50.054.057.065.09.1%
United States79.066.055.050.0-14.1%
Thailand37.032.029.027.0-10.0%
Philippines29.024.019.017.0-16.3%
India8.08.08.09.04.0%
Others136130123127-2.3%
Total2,4012,2722,1492,210-2.7%

Top Suppliers of Furniture; of Bamboo or Rattan to Colombia in 2022:

  1. Indonesia (303.0 kg)
  2. China (106.0 kg)
  3. Philippines (64.0 kg)
  4. Chile (55.0 kg)
  5. Germany (38.0 kg)
  6. United States (15.0 kg)
  7. India (12.0 kg)
  8. Thailand (10.0 kg)

Source: IndexBox Market Intelligence Platform

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