Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India (FOB) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India (CIF) - 2022
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $11,234 per ton, dropping by -20.2% against the previous year. Over the period under review, the export price, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $14,072 per ton in 2021, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($11,907 per ton), while the average price for exports to the United Arab Emirates ($5,494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.0%), 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 India (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $6,368 per ton in 2022, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sri Lanka ($6,368 per ton) and the United States ($6,368 per ton), while the price for Singapore ($6,368 per ton) and China ($6,368 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) exported from India shrank modestly to 7.1K tons, approximately mirroring the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 3%.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) contracted dramatically to $80M in 2022. Overall, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 8.1%. As a result, the exports reached the peak of $101M, and then shrank rapidly in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.5 | 47.7 | 55.7 | 48.4 | 5.3% |
| Netherlands | 16.7 | 19.3 | 16.0 | 4.5 | -35.4% |
| United Arab Emirates | 1.1 | 1.5 | 2.2 | 3.9 | 52.5% |
| United Kingdom | 2.8 | 2.9 | 3.7 | 3.2 | 4.6% |
| Australia | 1.2 | 1.5 | 2.5 | 2.7 | 31.0% |
| Spain | 1.3 | 2.5 | 2.1 | 2.6 | 26.0% |
| Germany | 3.9 | 3.1 | 3.3 | 1.8 | -22.7% |
| Saudi Arabia | 1.1 | 1.5 | 1.7 | 1.7 | 15.6% |
| France | 3.9 | 3.3 | 2.8 | 1.7 | -24.2% |
| Canada | 1.9 | 2.4 | 2.2 | 1.3 | -11.9% |
| Others | 12.2 | 7.7 | 8.9 | 8.2 | -12.4% |
| Total | 87.4 | 93.5 | 101 | 79.8 | -3.0% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from India in 2022:
- United States (4061.5 tons)
- United Arab Emirates (710.3 tons)
- Netherlands (380.5 tons)
- United Kingdom (266.3 tons)
- Australia (223.9 tons)
- Spain (216.7 tons)
- Germany (151.7 tons)
- France (139.4 tons)
- Saudi Arabia (138.7 tons)
- Canada (109.3 tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into India dropped remarkably to 4.1K tons, waning by -67.4% compared with the previous year. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) plummeted to $26M in 2022. In general, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.0 | 41.0 | 41.7 | 15.1 | -40.3% |
| Sri Lanka | 0.1 | N/A | 1.8 | 2.4 | 188.4% |
| United Kingdom | 1.2 | 0.8 | 0.6 | 2.0 | 18.6% |
| Italy | 10.8 | 6.3 | 9.0 | 1.7 | -46.0% |
| Singapore | 6.6 | 1.4 | 3.4 | 1.3 | -41.8% |
| United States | 1.4 | 1.2 | 0.8 | 0.5 | -29.1% |
| United Arab Emirates | 0.4 | 0.3 | 1.0 | 0.5 | 7.7% |
| Malaysia | 3.6 | 1.2 | 1.3 | 0.2 | -61.8% |
| Hong Kong SAR | 1.9 | 0.9 | 1.3 | 0.1 | -62.5% |
| Others | 6.6 | 3.8 | 7.1 | 2.1 | -31.7% |
| Total | 103 | 56.9 | 68.2 | 26.1 | -36.7% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to India in 2022:
- China (2377.5 tons)
- Sri Lanka (380.1 tons)
- United Kingdom (315.6 tons)
- Italy (261.7 tons)
- Singapore (210.5 tons)
- United Arab Emirates (85.2 tons)
- United States (81.5 tons)
- Malaysia (37.5 tons)
- Hong Kong SAR (13.5 tons)
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