Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia (FOB) - 2023
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,724 per ton in 2022, which is down by -15.5% against the previous year. In general, the import price, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 59% against the previous year. As a result, import price attained the peak level of $6,132 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
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 ($20,614 per ton), while the price for Poland ($2,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), 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 Latvia (FOB) - 2023
In November 2023, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $25,459 per ton, therefore, remained relatively stable against the previous month. In general, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in July 2023 when the average export price increased by 139% month-to-month. As a result, the export price reached the peak level of $33,760 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($41,887 per ton), while the average price for exports to Estonia ($3,067 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia
For the fourth year in a row, Latvia recorded growth in supplies from abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan), which increased by 9.9% to 1.5K tons in 2022. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations 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) dropped to $6.9M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2,806 | 2,757 | 3,039 | 3,369 | 6.3% |
| Estonia | 213 | 404 | 986 | 1,061 | 70.8% |
| Italy | 125 | 1,134 | 657 | 530 | 61.9% |
| Germany | 331 | 457 | 454 | 453 | 11.0% |
| China | 251 | 190 | 197 | 368 | 13.6% |
| Spain | 101 | 223 | 196 | 231 | 31.8% |
| Poland | 152 | 332 | 237 | 191 | 7.9% |
| Bulgaria | N/A | N/A | 125 | 18.8 | -85.0% |
| Others | 177 | 386 | 1,537 | 680 | 56.6% |
| Total | 4,155 | 5,884 | 7,428 | 6,901 | 18.4% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Latvia in 2022:
- Lithuania (928.3 tons)
- Estonia (119.4 tons)
- China (96.7 tons)
- Poland (90.9 tons)
- Germany (73.3 tons)
- Spain (47.7 tons)
- Italy (25.7 tons)
- Bulgaria (13.8 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia
In 2022, approx. 651 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Latvia; with an increase of 38% on the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +57.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) reduced dramatically to $5.2M in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 60%. As a result, the exports reached the peak of $6.5M, and then dropped dramatically in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 303 | 1,725 | 1,121 | 1,554 | 72.5% |
| Norway | 533 | 349 | 242 | 1,342 | 36.0% |
| Denmark | 149 | 23.3 | 3,763 | 1,203 | 100.6% |
| Sweden | 89.7 | N/A | 3.6 | 161 | 21.5% |
| Estonia | 275 | 268 | 256 | 127 | -22.7% |
| Lithuania | 805 | 684 | 276 | 89.4 | -51.9% |
| Belarus | 55.0 | 58.4 | 68.0 | 16.9 | -32.5% |
| Others | 434 | 938 | 736 | 737 | 19.3% |
| Total | 2,644 | 4,046 | 6,466 | 5,230 | 25.5% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Latvia in 2022:
- Norway (370.5 tons)
- Denmark (67.6 tons)
- Estonia (60.0 tons)
- Russia (58.1 tons)
- Lithuania (26.5 tons)
- Sweden (18.8 tons)
- Belarus (2.4 tons)
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