Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,739 per ton in 2022, waning by -12.3% against the previous year. Over the period under review, the import price, however, saw a tangible increase. The growth pace was the most rapid in 2016 an increase of 163%. As a result, import price reached the peak level of $9,454 per ton. From 2017 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 Italy ($21,189 per ton), while the price for China ($3,976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $1,459 per ton in 2022, declining by -6.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 52%. Over the period under review, the average export prices hit record highs at $2,819 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($5,909 per ton), while the average price for exports to Cote d'Ivoire ($176 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+337.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume decreased by -10.5% to 2.1K tons. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of 2.3K tons, and then fell in the following year.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) dropped rapidly to $9.9M in 2022. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $13M, and then contracted remarkably in the following year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.5 | 4.6 | 6.0 | 32.1% |
| United Arab Emirates | 1.3 | 1.0 | 1.0 | 1.4 | 2.5% |
| Italy | 0.5 | 1.2 | 0.7 | 1.0 | 26.0% |
| Taiwan (Chinese) | N/A | N/A | 0.3 | N/A | 0% |
| Others | 2.1 | 2.5 | 6.0 | 1.5 | -10.6% |
| Total | 6.5 | 7.2 | 12.6 | 9.9 | 15.1% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Saudi Arabia in 2022:
- China (1510.1 tons)
- United Arab Emirates (302.6 tons)
- Italy (47.6 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia
In 2022, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Saudi Arabia skyrocketed to 108 tons, with an increase of 33% compared with the year before. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $157K in 2022. In general, exports, however, showed a abrupt curtailment.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | N/A | N/A | 1.2 | 33.9 | 2725.0% |
| Oman | 3.6 | N/A | N/A | 21.5 | 81.4% |
| Mozambique | N/A | N/A | N/A | 19.5 | 0% |
| Niger | N/A | N/A | N/A | 16.5 | 0% |
| Jordan | N/A | 16.6 | N/A | 12.0 | -15.0% |
| Indonesia | N/A | N/A | N/A | 11.6 | 0% |
| Bahrain | N/A | 124 | 71.6 | 6.2 | -77.6% |
| United Arab Emirates | 4.5 | 66.2 | 324 | 2.1 | -22.4% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.8 | 0% |
| Others | 265 | -18.5 | -270.1 | 33.4 | -49.9% |
| Total | 273 | 188 | 127 | 157 | -16.8% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Saudi Arabia in 2022:
- Ethiopia (54.8 tons)
- Niger (26.6 tons)
- Indonesia (4.6 tons)
- Cote d'Ivoire (4.4 tons)
- Oman (4.0 tons)
- Mozambique (3.5 tons)
- Jordan (2.4 tons)
- United Arab Emirates (1.8 tons)
- Bahrain (1.1 tons)
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