Price for Furniture; of Bamboo or Rattan in Morocco - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Morocco (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Morocco (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Morocco
- Exports of Furniture; of Bamboo or Rattan in Morocco
Price for Furniture; of Bamboo or Rattan in Morocco (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $16,065 per ton, declining by -8.7% against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $17,587 per ton in 2021, and then contracted in the following year.
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 France ($76,820 per ton), while the price for Spain ($7,488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Morocco (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $2,853 per ton in 2022, rising by 9% against the previous year. Over the period under review, the export price showed a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 50% against the previous year. The export price peaked at $7,254 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($19,500 per ton), while the average price for exports to Denmark ($317 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 Italy (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Bamboo or Rattan in Morocco
In 2022, overseas purchases of furniture; of bamboo or rattan were finally on the rise to reach 7.5 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable decrease.
In value terms, furniture; of bamboo or rattan imports declined modestly to $121K in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 9.3%.
| Import of Furniture; of Bamboo or Rattan in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 34.8 | 38.2 | 41.9 | 40.1 | 4.8% |
| France | 28.3 | 29.3 | 30.3 | 27.3 | -1.2% |
| United Arab Emirates | 19.6 | 22.1 | 24.8 | 24.4 | 7.6% |
| Germany | 9.2 | 10.9 | 12.9 | 13.3 | 13.1% |
| Vietnam | 6.1 | 7.1 | 8.2 | 8.3 | 10.8% |
| Italy | 2.9 | 3.1 | 3.2 | 3.0 | 1.1% |
| Others | 4.7 | 4.9 | 5.1 | 4.6 | -0.7% |
| Total | 106 | 116 | 126 | 121 | 4.5% |
Top Suppliers of Furniture; of Bamboo or Rattan to Morocco in 2022:
- Spain (5.4 tons)
- United Arab Emirates (0.6 tons)
- Vietnam (0.5 tons)
- Germany (0.5 tons)
- France (0.4 tons)
- Italy (0.1 tons)
Exports of Furniture; of Bamboo or Rattan in Morocco
After three years of growth, shipments abroad of furniture; of bamboo or rattan decreased by -8.7% to 503 kg in 2022. Over the period under review, total exports indicated a prominent expansion 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. The most prominent rate of growth was recorded in 2020 with an increase of 51%.
In value terms, furniture; of bamboo or rattan exports fell to $1.4K in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 9% against the previous year.
| Export of Furniture; of Bamboo or Rattan in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 590 | 565 | 715 | 744 | 8.0% |
| Italy | 208 | 192 | 234 | 234 | 4.0% |
| United States | 188 | 169 | 202 | 198 | 1.7% |
| Denmark | 96.0 | 76.0 | 80.0 | 69.0 | -10.4% |
| France | 78.0 | 60.0 | 61.0 | 50.0 | -13.8% |
| Germany | 8.0 | 6.0 | 7.0 | 5.0 | -14.5% |
| Democratic Republic of the Congo | N/A | 239 | N/A | N/A | 0% |
| Others | 146 | 125 | 143 | 135 | -2.6% |
| Total | 1,314 | 1,432 | 1,442 | 1,435 | 3.0% |
Top Export Markets for Furniture; of Bamboo or Rattan from Morocco in 2022:
- Denmark (218.0 kg)
- Spain (201.0 kg)
- France (32.0 kg)
- United States (30.0 kg)
- Italy (12.0 kg)
- Germany (7.0 kg)
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