Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,434 per ton in 2022, with a decrease of -36.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 67%. Over the period under review, average import prices attained the maximum at $6,940 per ton in 2021, and then fell dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($55,325 per ton), while the price for Iran ($1,477 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $1,338 per ton, falling by -5.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 123%. The export price peaked at $2,806 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,406 per ton), while the average price for exports to the United Arab Emirates stood at $1,316 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%).
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan
In 2022, after two years of decline, there was significant growth in supplies from abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume increased by 65% to 512 tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) rose significantly to $2.3M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 570 | 624 | 498 | 694 | 6.8% |
Lithuania | 3.3 | 12.9 | 192 | 458 | 417.7% |
Turkey | 390 | 486 | 213 | 450 | 4.9% |
Italy | 494 | 236 | 838 | 390 | -7.6% |
Russia | 189 | 203 | 179 | 98.4 | -19.6% |
Iran | 6.5 | 2.5 | 22.2 | 18.0 | 40.4% |
Malaysia | 47.1 | 55.1 | 60.6 | N/A | 13.4% |
Others | 379 | 276 | 143 | 161 | -24.8% |
Total | 2,079 | 1,896 | 2,147 | 2,270 | 3.0% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Azerbaijan in 2022:
- China (265.9 tons)
- Turkey (183.1 tons)
- Italy (16.0 tons)
- Iran (12.2 tons)
- Russia (9.6 tons)
- Lithuania (8.3 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan
In 2022, after three years of growth, there was significant decline in overseas shipments of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume decreased by -38.4% to 385 tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,931% against the previous year. As a result, the exports attained the peak of 624 tons, and then contracted dramatically in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) reduced remarkably to $515K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,588% against the previous year. As a result, the exports attained the peak of $884K, and then contracted dramatically in the following year.
Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 387 | 0% |
Russia | 5.9 | 42.9 | 784 | 127 | 178.2% |
Others | 9.4 | 9.4 | 99.2 | 1.2 | -49.6% |
Total | 15.4 | 52.3 | 884 | 515 | 222.2% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Azerbaijan in 2022:
- United Arab Emirates (293.9 tons)
- Russia (90.3 tons)
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