Price for Furniture; of Bamboo or Rattan in Tanzania - 2022

Contents:

  1. Price for Furniture; of Bamboo or Rattan in Tanzania (CIF) - 2022
  2. Price for Furniture; of Bamboo or Rattan in Tanzania (FOB) - 2022
  3. Imports of Furniture; of Bamboo or Rattan in Tanzania
  4. Exports of Furniture; of Bamboo or Rattan in Tanzania

Price for Furniture; of Bamboo or Rattan in Tanzania (CIF) - 2022

In 2022, the average import price for furniture; of bamboo or rattan amounted to $387 per ton, with a decrease of -12% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 87% against the previous year. As a result, import price attained the peak level of $682 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Hong Kong SAR ($385 per ton), while the price for the United Arab Emirates ($200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-4.0%), while the prices for the other major suppliers experienced a decline.

Price for Furniture; of Bamboo or Rattan in Tanzania (FOB) - 2022

The average export price for furniture; of bamboo or rattan stood at $739 per ton in 2022, picking up by 8.2% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 269% against the previous year. The export price peaked at $5,549 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -15.8% per year.

Imports of Furniture; of Bamboo or Rattan in Tanzania

For the fourth consecutive year, Tanzania recorded growth in supplies from abroad of furniture; of bamboo or rattan, which increased by 4.1% to 420 tons in 2022. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, furniture; of bamboo or rattan imports declined to $162K in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $177K, and then shrank in the following year.

Import of Furniture; of Bamboo or Rattan in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR10713115914711.2%
China11.512.513.611.2-0.9%
Others4.14.34.73.9-1.7%
Total1231471771629.6%

Top Suppliers of Furniture; of Bamboo or Rattan to Tanzania in 2022:

  1. Hong Kong SAR (382.4 tons)
  2. China (30.1 tons)

Exports of Furniture; of Bamboo or Rattan in Tanzania

After three years of growth, shipments abroad of furniture; of bamboo or rattan decreased by -8% to 2.3 tons in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 411% against the previous year.

In value terms, furniture; of bamboo or rattan exports shrank to $1.7K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 283%.

Export of Furniture; of Bamboo or Rattan in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.41.7N/A1.762.0%
Democratic Republic of the CongoN/AN/A1.7N/A0%
OthersN/AN/AN/AN/A0%
Total0.41.71.71.762.0%

Top Export Markets for Furniture; of Bamboo or Rattan from Tanzania in 2022:

  1. Netherlands (2.3 tons)

Source: IndexBox Market Intelligence Platform

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