Price for Furniture; of Bamboo or Rattan in Angola - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Angola (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Angola (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Angola
- Exports of Furniture; of Bamboo or Rattan in Angola
Price for Furniture; of Bamboo or Rattan in Angola (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $1,304 per ton, with a decrease of -10.3% against the previous year. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 28%. The import price peaked at $2,926 per ton in 2016; however, from 2017 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 Brazil ($8,788 per ton), while the price for China ($95 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+17.3%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Bamboo or Rattan in Angola (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $505 per ton in 2022, with an increase of 8.2% against the previous year. Over the period under review, the export price, however, recorded a sharp reduction. The export price peaked at $17,667 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($711 per ton), while the average price for exports to Democratic Republic of the Congo stood at $500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (-3.4%).
Imports of Furniture; of Bamboo or Rattan in Angola
For the fourth consecutive year, Angola recorded growth in purchases abroad of furniture; of bamboo or rattan, which increased by 10% to 105 tons in 2022. The total import volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, furniture; of bamboo or rattan imports dropped to $137K in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 2.6%.
Import of Furniture; of Bamboo or Rattan in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 100 | 107 | 113 | 115 | 4.8% |
Portugal | 16.1 | 13.9 | 12.0 | 9.8 | -15.3% |
China | 8.1 | 7.3 | 6.5 | 5.5 | -12.1% |
Hong Kong SAR | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
Others | 7.3 | 7.1 | 7.1 | 6.9 | -1.9% |
Total | 132 | 136 | 139 | 137 | 1.2% |
Top Suppliers of Furniture; of Bamboo or Rattan to Angola in 2022:
- China (57.9 tons)
- Portugal (30.9 tons)
- Brazil (13.0 tons)
- Hong Kong SAR (2.1 tons)
Exports of Furniture; of Bamboo or Rattan in Angola
In 2022, overseas shipments of furniture; of bamboo or rattan decreased by -18.5% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 154%.
In value terms, furniture; of bamboo or rattan exports shrank to $3.8K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year.
Export of Furniture; of Bamboo or Rattan in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Democratic Republic of the Congo | 2.2 | 3.2 | 4.2 | 3.6 | 17.8% |
Sao Tome and Principe | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.2 | 3.2 | 4.3 | 3.8 | 20.0% |
Top Export Markets for Furniture; of Bamboo or Rattan from Angola in 2022:
- Democratic Republic of the Congo (7.3 tons)
- Sao Tome and Principe (0.2 tons)
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