Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan (FOB) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan (CIF) - 2022
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $7,383 per ton in 2022, waning by -48.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 271%. As a result, the export price reached the peak level of $19,043 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($7,377 per ton) and Spain ($7,377 per ton), while the average price for exports to the UK ($7,376 per ton) and Germany ($7,376 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.4%), while the prices for the other major destinations experienced a decline.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $3,914 per ton in 2022, declining by -27.9% against the previous year. In general, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $7,181 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,418 per ton), while the price for the United Arab Emirates ($2,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), 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 Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas shipments of furniture; of cane, osier, or similar materials (other than bamboo or rattan), which increased by 622% to 582 tons in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,215%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $4.3M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,940%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 0.3 | 28.5 | 636 | 1,758 | 1702.9% |
Turkey | N/A | N/A | N/A | 1,031 | 0% |
Romania | N/A | N/A | N/A | 568 | 0% |
United Kingdom | 2.2 | 17.5 | 271 | 332 | 432.4% |
Spain | N/A | N/A | 128 | 221 | 72.7% |
Poland | N/A | N/A | N/A | 158 | 0% |
Germany | N/A | N/A | N/A | 110 | 0% |
Others | 14.3 | 10.5 | 116 | 118 | 102.1% |
Total | 16.8 | 56.4 | 1,151 | 4,295 | 534.7% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Pakistan in 2022:
- United States (238.3 tons)
- Turkey (139.7 tons)
- Romania (77.0 tons)
- United Kingdom (45.0 tons)
- Spain (29.9 tons)
- Poland (21.5 tons)
- Germany (14.9 tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Pakistan
In 2022, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Pakistan surged to 141 tons, rising by 183% compared with 2021. Overall, imports saw a significant increase. As a result, imports reached 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) skyrocketed to $551K in 2022. Over the period under review, imports posted prominent growth. As a result, imports attained 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 Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 32.5 | 16.8 | 92.6 | 312 | 112.5% |
China | 147 | 112 | 91.0 | 135 | -2.8% |
Turkey | 48.2 | 3.3 | N/A | 54.4 | 4.1% |
Others | 96.1 | 87.8 | 86.8 | 48.8 | -20.2% |
Total | 324 | 220 | 270 | 551 | 19.4% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Pakistan in 2022:
- United Arab Emirates (108.5 tons)
- China (18.3 tons)
- Turkey (7.3 tons)
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