Price for Bamboo Used Primarily for Plaiting in Vietnam - 2021

Contents:

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

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

The average export price for bamboo used primarily for plaitings stood at $1,037 per ton in 2022, with a decrease of -4.4% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bamboo used primarily for plaiting export price increased by +49.0% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 43%. Over the period under review, the average export prices hit record highs at $1,085 per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,451 per ton), while the average price for exports to Sri Lanka ($918 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 the United States (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for bamboo used primarily for plaitings stood at $2,233 per ton in 2022, declining by -2.6% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 150% against the previous year. As a result, import price reached the peak level of $2,294 per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($5,676 per ton), while the price for Lao People's Democratic Republic ($940 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Bamboo Used Primarily for Plaiting in Vietnam

In 2022, shipments abroad of bamboo used primarily for plaitings decreased by -8.6% to 8.4K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.

In value terms, bamboo used primarily for plaiting exports contracted to $8.7M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year.

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

1. India (7.0K tons)
2. Pakistan (0.5K tons)
3. United States (0.3K tons)
4. Sri Lanka (0.3K tons)
5. China (0.1K tons)

Imports of Bamboo Used Primarily for Plaiting in Vietnam

In 2022, approx. 364 tons of bamboo used primarily for plaitings were imported into Vietnam; which is down by -32.1% compared with 2021. Over the period under review, imports showed a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 24%.

In value terms, bamboo used primarily for plaiting imports contracted sharply to $812K in 2022. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 210%. As a result, imports attained the peak of $1.2M, and then reduced remarkably in the following year.

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

1. China (120.9 tons)
2. Taiwan (Chinese) (85.1 tons)
3. Lao People's Democratic Republic (69.1 tons)
4. Japan (68.2 tons)
5. Philippines (11.7 tons)
6. India (8.7 tons)

Source: IndexBox Market Intelligence Platform