Price for Bamboo Used Primarily for Plaiting in the UK - 2023

Contents:

1. Price for Bamboo Used Primarily for Plaiting in the UK (CIF) - 2023
2. Price for Bamboo Used Primarily for Plaiting in the UK (FOB) - 2022
3. Imports of Bamboo Used Primarily for Plaiting in the UK
4. Exports of Bamboo Used Primarily for Plaiting in the UK

Price for Bamboo Used Primarily for Plaiting in the UK (CIF) - 2023

In June 2023, the average import price for bamboo used primarily for plaitings amounted to $1,211 per ton, increasing by 13% against the previous month. Overall, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in March 2023 an increase of 65% month-to-month. Over the period under review, average import prices reached the maximum at $2,549 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,444 per ton), while the price for China ($1,050 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bamboo Used Primarily for Plaiting in the UK (FOB) - 2022

The average export price for bamboo used primarily for plaitings stood at $4,640 per ton in 2022, with an increase of 46% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($4,192 per ton), while the average price for exports to Belgium ($675 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 Ireland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bamboo Used Primarily for Plaiting in the UK

After three years of growth, purchases abroad of bamboo used primarily for plaitings decreased by -24.8% to 4.7K tons in 2022. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 6.2K tons, and then fell significantly in the following year.

In value terms, bamboo used primarily for plaiting imports fell to $8.1M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +35.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of $9.3M, and then shrank in the following year.

Top Suppliers of Bamboo Used Primarily for Plaiting to the UK in 2022:

1. China (4169.0 tons)
2. Indonesia (223.9 tons)
3. Hong Kong SAR (114.5 tons)
4. Netherlands (91.9 tons)

Exports of Bamboo Used Primarily for Plaiting in the UK

In 2022, after three years of growth, there was significant decline in shipments abroad of bamboo used primarily for plaitings, when their volume decreased by -6.4% to 105 tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 123% against the previous year.

In value terms, bamboo used primarily for plaiting exports soared to $487K in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 114% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Bamboo Used Primarily for Plaiting from the UK in 2022:

1. Ireland (29.5 tons)
2. France (26.3 tons)
3. Belgium (17.5 tons)
4. Germany (8.9 tons)
5. Lithuania (5.3 tons)
6. Estonia (4.4 tons)
7. Switzerland (1.8 tons)
8. Spain (1.5 tons)

Source: IndexBox Market Intelligence Platform