Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (CIF) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (CIF) - 2023
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $2,880 per ton in October 2023, falling by -48.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 69% month-to-month. The import price peaked at $5,555 per ton in September 2023, and then fell remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Colombia ($5,931 per ton), while the price for the United States ($2,147 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $3,438 per ton, surging by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 13%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($3,779 per ton), while the average price for exports to Honduras amounted to $3,274 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+6.4%).
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala
After three years of growth, overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -25.5% to 868 tons in 2022. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 1.2K tons, and then declined notably in the following year.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) dropped to $3.2M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $3.6M, and then shrank in the following year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 703 | 1,149 | 2,563 | 1,755 | 35.7% |
| United States | 311 | 463 | 502 | 522 | 18.8% |
| Costa Rica | 47.6 | 16.3 | 126 | 316 | 87.9% |
| Mexico | 136 | 21.3 | 62.2 | 104 | -8.6% |
| Vietnam | 11.7 | 35.8 | 55.1 | 91.4 | 98.4% |
| Panama | 123 | 43.8 | 16.2 | 2.3 | -73.5% |
| Others | 416 | 513 | 307 | 372 | -3.7% |
| Total | 1,747 | 2,242 | 3,632 | 3,163 | 21.9% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Guatemala in 2022:
- China (554.7 tons)
- United States (165.6 tons)
- Costa Rica (48.1 tons)
- Vietnam (24.5 tons)
- Mexico (13.4 tons)
- Panama (0.7 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala
In 2022, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Guatemala contracted to 316 tons, dropping by -2.9% against the previous year. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 36%.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) totaled $1.1M in 2022. Overall, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +50.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 846 | 589 | 767 | 868 | 0.9% |
| El Salvador | 78.0 | 29.4 | 116 | 139 | 21.2% |
| Others | 71.9 | 103 | 201 | 78.8 | 3.1% |
| Total | 996 | 721 | 1,084 | 1,086 | 2.9% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Guatemala in 2022:
- Honduras (265.2 tons)
- El Salvador (36.8 tons)
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