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

Contents:

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

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

In 2022, the average import price for furniture; of bamboo or rattan amounted to $2,525 per ton, falling by -8.1% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $13,383 per ton in 2015; however, from 2016 to 2022, 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 Italy ($11,500 per ton), while the price for Indonesia ($282 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+7.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for furniture; of bamboo or rattan amounted to $1,884 per ton, which is down by -9.4% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 230%. As a result, the export price attained the peak level of $5,609 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($2,220 per ton), while the average price for exports to Costa Rica stood at $1,068 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Furniture; of Bamboo or Rattan in Venezuela

After two years of decline, purchases abroad of furniture; of bamboo or rattan increased by 8.3% to 2.3 tons in 2022. Over the period under review, imports, however, saw a abrupt descent.

In value terms, furniture; of bamboo or rattan imports reduced modestly to $5.7K in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 0.8%. As a result, imports attained the peak of $5.7K, leveling off in the following year.

Import of Furniture; of Bamboo or Rattan in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,5621,9862,4592,92323.2%
United States2,1531,9531,7251,463-12.1%
Italy1,099960817667-15.3%
Panama459457443413-3.5%
Indonesia14212410586.0-15.4%
Spain71.062.053.043.0-15.4%
Others13312110791.0-11.9%
Total5,6195,6635,7095,6860.4%

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

  1. United States (1260.0 kg)
  2. Germany (545.0 kg)
  3. Indonesia (305.0 kg)
  4. Italy (58.0 kg)
  5. Panama (36.0 kg)
  6. Spain (34.0 kg)

Exports of Furniture; of Bamboo or Rattan in Venezuela

In 2022, overseas shipments of furniture; of bamboo or rattan were finally on the rise to reach 1 tons after two years of decline. Overall, exports, however, showed a slight descent.

In value terms, furniture; of bamboo or rattan exports dropped to $1.9K in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports reached the peak of $2.1K, and then dropped in the following year.

Export of Furniture; of Bamboo or Rattan in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic1,1411,3931,6961,57211.3%
Costa Rica2643123663297.6%
Others52.042.034.021.0-26.1%
Total1,4571,7472,0961,9229.7%

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

  1. Dominican Republic (708.0 kg)
  2. Costa Rica (308.0 kg)

Source: IndexBox Market Intelligence Platform

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