Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway - 2024
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway (CIF) - 2024
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway (CIF) - 2024
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $10,097 per ton in January 2024, reducing by -8.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 64% m-o-m. As a result, import price reached the peak level of $12,357 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Latvia ($26,240 per ton), while the price for Slovakia ($2,144 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Latvia (+19.3%), 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 Norway (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $9,366 per ton, waning by -28.8% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 85%. The export price peaked at $13,375 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($25,356 per ton), while the average price for exports to Serbia ($1,781 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 the Philippines (+49.9%), 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 Norway
In 2022, overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were finally on the rise to reach 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt decline.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) skyrocketed to $22M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.5 | 4.4 | 5.5 | 31.8% |
| Italy | 4.4 | 4.2 | 2.2 | 3.2 | -10.1% |
| Denmark | 2.6 | 2.3 | 2.2 | 2.1 | -6.9% |
| Lithuania | 1.7 | 1.1 | 1.1 | 1.6 | -2.0% |
| Sweden | 1.1 | 1.3 | 1.8 | 1.6 | 13.3% |
| Poland | 1.2 | 1.1 | 0.7 | 1.4 | 5.3% |
| Finland | 0.1 | 0.3 | 0.7 | 1.2 | 128.9% |
| Latvia | 0.3 | 0.3 | 0.1 | 1.1 | 54.2% |
| Vietnam | 0.9 | 0.4 | 0.4 | 0.5 | -17.8% |
| Estonia | 2.2 | 0.2 | 0.1 | 0.3 | -48.5% |
| Others | 2.7 | 2.5 | 3.0 | 3.1 | 4.7% |
| Total | 19.6 | 16.1 | 16.6 | 21.6 | 3.3% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Norway in 2022:
- China (824.4 tons)
- Denmark (185.5 tons)
- Poland (153.1 tons)
- Sweden (146.9 tons)
- Italy (140.3 tons)
- Lithuania (131.5 tons)
- Latvia (105.3 tons)
- Finland (62.8 tons)
- Vietnam (62.5 tons)
- Estonia (9.5 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway
Exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Norway surged to 165 tons in 2022, growing by 39% against 2021. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 87%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) declined modestly to $1.5M in 2022. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by 84%. As a result, the exports reached the peak of $1.6M, leveling off in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 222 | 69.2 | 271 | 976 | 63.8% |
| United States | 67.2 | 189 | 846 | 217 | 47.8% |
| Denmark | 201 | 419 | 58.0 | 69.6 | -29.8% |
| Spain | 37.8 | N/A | 4.8 | 39.4 | 1.4% |
| Australia | 36.3 | 24.5 | 40.2 | 30.4 | -5.7% |
| Italy | 94.4 | 16.6 | 5.6 | 13.0 | -48.4% |
| Germany | 78.1 | 9.0 | 54.9 | 11.2 | -47.7% |
| Serbia | 0.1 | N/A | N/A | 7.3 | 317.9% |
| Philippines | 10.9 | N/A | 3.5 | N/A | -43.3% |
| Others | 212 | 117 | 272 | 181 | -5.1% |
| Total | 959 | 845 | 1,555 | 1,546 | 17.3% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Norway in 2022:
- Sweden (124.4 tons)
- United States (8.6 tons)
- Spain (5.6 tons)
- Australia (4.8 tons)
- Serbia (4.1 tons)
- Denmark (3.4 tons)
- Germany (1.0 tons)
- Italy (0.7 tons)
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