Price for Furniture; of Bamboo or Rattan in Kenya - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Kenya (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Kenya (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Kenya
- Exports of Furniture; of Bamboo or Rattan in Kenya
Price for Furniture; of Bamboo or Rattan in Kenya (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $3,849 per ton, with an increase of 6.8% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $11,790 per ton in 2015; however, from 2016 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 Vietnam ($6,232 per ton), while the price for the UK ($383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.9%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Bamboo or Rattan in Kenya (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $2,532 per ton in 2022, remaining constant against the previous year. Overall, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 76%. As a result, the export price attained the peak level of $12,571 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($5,575 per ton), while the average price for exports to Democratic Republic of the Congo ($684 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 Somalia (-4.1%), while the prices for the other major destinations experienced a decline.
Imports of Furniture; of Bamboo or Rattan in Kenya
In 2022, overseas purchases of furniture; of bamboo or rattan decreased by -5.9% to 54 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year.
In value terms, furniture; of bamboo or rattan imports reached $208K in 2022. Overall, imports showed a relatively flat trend pattern.
| Import of Furniture; of Bamboo or Rattan in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 161 | 159 | 157 | 158 | -0.6% |
| Vietnam | 36.5 | 37.5 | 38.5 | 40.1 | 3.2% |
| Malaysia | 5.7 | 4.9 | 4.3 | 3.7 | -13.4% |
| United Arab Emirates | 2.0 | 1.8 | 1.6 | 1.5 | -9.1% |
| United Kingdom | 1.1 | 1.0 | 0.9 | 0.8 | -10.1% |
| Others | 4.9 | 4.7 | 4.5 | 4.5 | -2.8% |
| Total | 211 | 209 | 207 | 208 | -0.5% |
Top Suppliers of Furniture; of Bamboo or Rattan to Kenya in 2022:
- China (38.0 tons)
- Vietnam (6.4 tons)
- Malaysia (5.5 tons)
- United Kingdom (2.2 tons)
- United Arab Emirates (1.7 tons)
Exports of Furniture; of Bamboo or Rattan in Kenya
In 2022, approx. 25 tons of furniture; of bamboo or rattan were exported from Kenya; with an increase of 47% on the year before. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. As a result, the exports reached the peak of 33 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, furniture; of bamboo or rattan exports skyrocketed to $65K in 2022. Over the period under review, exports, however, recorded a pronounced shrinkage.
| Export of Furniture; of Bamboo or Rattan in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 14.5 | 20.5 | 13.3 | 23.3 | 17.1% |
| Tanzania | 30.3 | 32.4 | 16.0 | 21.2 | -11.2% |
| Rwanda | 17.1 | 17.8 | 8.5 | 11.0 | -13.7% |
| Uganda | 7.6 | 8.0 | 3.9 | 5.0 | -13.0% |
| Democratic Republic of the Congo | 1.0 | 1.2 | 0.6 | 0.9 | -3.5% |
| Others | 4.3 | 4.6 | 2.3 | 3.0 | -11.3% |
| Total | 74.9 | 84.6 | 44.5 | 64.5 | -4.9% |
Top Export Markets for Furniture; of Bamboo or Rattan from Kenya in 2022:
- Somalia (11.5 tons)
- Rwanda (5.5 tons)
- Tanzania (3.8 tons)
- Uganda (3.1 tons)
- Democratic Republic of the Congo (1.4 tons)
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