Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (CIF) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (CIF) - 2023
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $1,684 per ton in December 2023, reducing by -21.8% against the previous month. Over the period under review, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in October 2023 an increase of 60% month-to-month. The import price peaked at $2,853 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,721 per ton), while the price for Vietnam amounted to $755 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+0.1%).
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $3,534 per ton, increasing by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2014 an increase of 23%. Over the period under review, the average export prices reached the maximum at $3,608 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($6,047 per ton), while the average price for exports to the United Arab Emirates ($1,717 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 Poland (+13.9%), 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 Malaysia
For the fourth consecutive year, Malaysia recorded growth in overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan), which increased by 9.8% to 15K tons in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 95% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) skyrocketed to $26M in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 9.0 | 15.8 | 19.8 | 38.8% |
| Others | 2.9 | 2.1 | 3.0 | 6.0 | 27.4% |
| Total | 10.3 | 11.1 | 18.8 | 25.7 | 35.6% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Malaysia in 2022:
- China (14.0K tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia
In 2022, after two years of decline, there was growth in shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume increased by 0.8% to 1.6K tons. Overall, exports, however, continue to indicate a deep slump.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) expanded markedly to $5.6M in 2022. Over the period under review, exports, however, recorded a deep reduction.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,049 | 1,597 | 1,034 | 2,453 | 6.2% |
| United Arab Emirates | 229 | 110 | 243 | 641 | 40.9% |
| United States | 530 | 1,659 | 1,298 | 526 | -0.3% |
| Brunei Darussalam | 166 | 153 | 271 | 278 | 18.8% |
| Australia | 844 | 90.2 | 88.8 | 227 | -35.5% |
| Indonesia | 16.0 | 34.5 | 24.2 | 183 | 125.3% |
| Vietnam | 575 | 361 | 73.1 | 156 | -35.3% |
| India | 747 | 165 | 63.2 | 127 | -44.6% |
| South Africa | 43.8 | 43.4 | 57.9 | 73.7 | 18.9% |
| China | 499 | 36.0 | 47.5 | 9.5 | -73.3% |
| Others | 1,328 | 1,207 | 1,994 | 950 | -10.6% |
| Total | 7,026 | 5,456 | 5,195 | 5,624 | -7.2% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Malaysia in 2022:
- Singapore (543.5 tons)
- United Arab Emirates (373.3 tons)
- United States (192.2 tons)
- Indonesia (94.5 tons)
- Australia (71.6 tons)
- Brunei Darussalam (64.1 tons)
- Vietnam (41.1 tons)
- South Africa (26.5 tons)
- India (24.2 tons)
- China (4.2 tons)
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