Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $9,008 per ton in September 2022, reducing by -35% against the previous month. In general, the import price, however, posted a pronounced increase. The most prominent rate of growth was recorded in June 2022 an increase of 530% m-o-m. As a result, import price reached the peak level of $40,118 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Italy ($44,987 per ton), while the price for Vietnam ($3,294 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), 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 Singapore (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $7,402 per ton, approximately equating the previous year. In general, the export price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2018 an increase of 20%. As a result, the export price reached the peak level of $12,313 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($7,452 per ton) and South Korea ($7,412 per ton), while the average price for exports to Malaysia ($7,185 per ton) and France ($7,380 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 South Korea (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore
Imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Singapore stood at 5.2K tons in 2022, surging by 6.9% compared with 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs in 2022 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) surged to $34M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +75.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.8 | 6.3 | 9.6 | 13.9 | 21.2% |
Italy | 4.5 | 5.6 | 8.6 | 8.4 | 23.1% |
Malaysia | 3.7 | 2.1 | 3.3 | 4.8 | 9.1% |
Indonesia | 3.1 | 2.0 | 2.5 | 2.4 | -8.2% |
Philippines | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
Vietnam | 1.4 | 1.1 | 1.0 | 0.9 | -13.7% |
France | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
Others | 2.8 | 1.2 | 2.2 | 2.2 | -7.7% |
Total | 24.6 | 19.4 | 28.8 | 34.0 | 11.4% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Singapore in 2022:
- China (2277.7 tons)
- Italy (1390.5 tons)
- Malaysia (531.9 tons)
- Indonesia (248.7 tons)
- Vietnam (150.2 tons)
- Philippines (141.7 tons)
- France (105.2 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) exported from Singapore expanded markedly to 522 tons, surging by 6% against 2021 figures. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 91%. 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) amounted to $3.9M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 1,170 | 1,469 | 1,169 | 774 | -12.9% |
Qatar | N/A | 13.7 | 30.0 | 590 | 556.2% |
Malaysia | 527 | 342 | 219 | 480 | -3.1% |
Philippines | 36.2 | 1.5 | 380 | 343 | 111.6% |
Japan | 424 | 292 | 248 | 222 | -19.4% |
China | 56.1 | 35.4 | 545 | 213 | 56.0% |
Hong Kong SAR | 181 | 133 | 216 | 187 | 1.1% |
United States | 17.2 | 16.6 | 54.2 | 127 | 94.7% |
Russia | 0.1 | N/A | 163 | 123 | 971.4% |
Australia | 70.1 | 69.6 | 86.4 | 115 | 17.9% |
New Zealand | 10.4 | 19.0 | 2.8 | 109 | 118.8% |
South Korea | 59.9 | 9.5 | 97.3 | 106 | 21.0% |
France | 52.7 | 15.8 | 90.5 | 95.0 | 21.7% |
Others | 772 | 443 | 361 | 379 | -21.1% |
Total | 3,377 | 2,860 | 3,661 | 3,863 | 4.6% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Singapore in 2022:
- Indonesia (104.9 tons)
- Qatar (80.0 tons)
- Malaysia (66.8 tons)
- Philippines (46.4 tons)
- Japan (30.1 tons)
- China (28.9 tons)
- Hong Kong SAR (25.4 tons)
- United States (17.2 tons)
- Russia (16.5 tons)
- Australia (15.6 tons)
- New Zealand (14.8 tons)
- South Korea (14.2 tons)
- France (12.9 tons)
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