Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico (FOB) - 2023
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $7,418 per ton in 2022, increasing by 25% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) increased by +79.8% against 2017 indices. 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 Vietnam ($7,418 per ton) and the United States ($7,418 per ton), while the price for China ($7,418 per ton) and Spain ($7,418 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.6%), 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 Mexico (FOB) - 2023
In November 2023, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $16,330 per ton, standing approximately at the previous month. Over the period under review, the export price posted a strong increase. The export price peaked at $16,330 per ton in February 2023; afterwards, it flattened through to November 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to +6.8% per month.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico
Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Mexico reduced rapidly to 6K tons in 2022, with a decrease of -34.4% on the year before. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 9.1K tons, and then reduced sharply in the following year.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank remarkably to $44M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.8% 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 +25.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of $54M, and then dropped notably in the following year.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.1 | 28.6 | 43.7 | 31.3 | -0.8% |
| Italy | 2.6 | 1.8 | 2.6 | 4.1 | 16.4% |
| Vietnam | 0.8 | 0.6 | 2.9 | 2.9 | 53.6% |
| United States | 1.1 | 0.8 | 1.6 | 1.8 | 17.8% |
| Taiwan (Chinese) | 1.6 | 1.3 | 1.4 | 1.6 | 0.0% |
| Spain | 1.0 | 0.4 | 0.4 | 0.9 | -3.5% |
| Others | 1.7 | 1.8 | 1.4 | 1.8 | 1.9% |
| Total | 40.9 | 35.3 | 54.2 | 44.5 | 2.9% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Mexico in 2022:
- China (4219.4 tons)
- Italy (549.7 tons)
- Vietnam (395.8 tons)
- United States (242.7 tons)
- Taiwan (Chinese) (214.5 tons)
- Spain (125.8 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico
In 2022, approx. 383 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Mexico; waning by -59.8% compared with 2021 figures. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 111% against the previous year. As a result, the exports attained the peak of 954 tons, and then reduced remarkably in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) reduced sharply to $2.8M in 2022. In general, exports faced a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $7.1M, and then dropped markedly in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.8 | 5.0 | 7.1 | 2.8 | -21.6% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 6.2 | 5.0 | 7.1 | 2.8 | -23.3% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Mexico in 2022:
- United States (378.0 tons)
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