Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (FOB) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (CIF) - 2023
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (FOB) - 2023
In November 2023, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $1,451 per ton, dropping by -11.7% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 6.7% against the previous month. As a result, the export price attained the peak level of $1,877 per ton. From April 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was North Macedonia ($1,932 per ton), while the average price for exports to Georgia amounted to $869 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (CIF) - 2023
In November 2023, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $3,154 per ton, declining by -18.2% against the previous month. Overall, the import price recorded a slight downturn. The most prominent rate of growth was recorded in May 2023 an increase of 169% month-to-month. As a result, import price attained the peak level of $10,407 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($9,399 per ton), while the price for China ($2,394 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria
In 2022, after three years of growth, there was decline in shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume decreased by -2.8% to 17K tons. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded significantly to $24M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 3.4 | 7.6 | 10.4 | 9.4 | 40.4% |
| Greece | 4.1 | 3.4 | 3.2 | 4.4 | 2.4% |
| Hungary | 1.7 | 2.7 | 3.5 | 3.0 | 20.8% |
| Denmark | N/A | N/A | N/A | 2.3 | 0% |
| Italy | 0.1 | 0.4 | 0.6 | 0.9 | 108.0% |
| Germany | 0.4 | 0.3 | 0.9 | 0.9 | 31.0% |
| Czech Republic | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Netherlands | 1.0 | 1.6 | 1.2 | N/A | 9.5% |
| Others | 1.9 | 1.3 | 2.2 | 2.6 | 11.0% |
| Total | 12.7 | 17.3 | 22.5 | 24.4 | 24.3% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Bulgaria in 2022:
- Romania (6.8K tons)
- Greece (3.6K tons)
- Hungary (2.6K tons)
- Germany (0.8K tons)
- Czech Republic (0.7K tons)
- Italy (0.6K tons)
- Denmark (0.4K tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria
In 2022, purchases abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan) increased by 14% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a pronounced descent.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) surged to $4.9M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 768 | 434 | 842 | 1,168 | 15.0% |
| Romania | 276 | 341 | 483 | 971 | 52.1% |
| China | 1,243 | 995 | 1,097 | 762 | -15.1% |
| Turkey | 398 | 447 | 457 | 532 | 10.2% |
| Germany | 166 | 177 | 156 | 347 | 27.9% |
| Poland | 543 | 191 | 232 | 261 | -21.7% |
| Vietnam | N/A | 74.6 | 82.6 | 169 | 50.5% |
| Others | 1,179 | 292 | 706 | 717 | -15.3% |
| Total | 4,572 | 2,951 | 4,056 | 4,927 | 2.5% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Bulgaria in 2022:
- Romania (316.0 tons)
- China (289.0 tons)
- Turkey (260.8 tons)
- Poland (109.4 tons)
- Germany (84.0 tons)
- Italy (83.2 tons)
- Vietnam (80.7 tons)
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