Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey (FOB) - 2023
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey (CIF) - 2023
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey (FOB) - 2023
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $4,434 per ton in December 2023, surging by 17% against the previous month. Over the period under review, export price indicated pronounced growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) increased by +47.2% against September 2023 indices. The growth pace was the most rapid in May 2023 when the average export price increased by 39% month-to-month. As a result, the export price attained the peak level of $4,990 per ton. From June 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United States ($22,477 per ton), while the average price for exports to Romania ($1,280 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey (CIF) - 2023
In December 2023, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $11,612 per ton, rising by 23% against the previous month. Over the period under review, the import price showed a modest increase. The pace of growth appeared the most rapid in June 2023 an increase of 78% against the previous month. As a result, import price attained the peak level of $18,880 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($33,631 per ton), while the price for Indonesia ($6,284 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+13.4%), 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 Turkey
Exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) from Turkey stood at 23K tons in 2022, increasing by 5.7% against the year before. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. Over the period under review, the exports of hit record highs 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) skyrocketed to $50M in 2022. The total export value increased at an average annual rate of +13.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 3.4 | 6.7 | 7.9 | 150.9% |
| Germany | 1.6 | 2.4 | 3.5 | 4.5 | 41.2% |
| United Kingdom | 1.0 | 0.9 | 1.4 | 2.7 | 39.2% |
| Iraq | 1.7 | 2.5 | 2.8 | 2.5 | 13.7% |
| Romania | 4.5 | 3.0 | 2.0 | 2.4 | -18.9% |
| Turkmenistan | 0.1 | 1.6 | 0.4 | 2.2 | 180.2% |
| France | 2.3 | 1.7 | 1.7 | 2.2 | -1.5% |
| Spain | 1.4 | 1.1 | 1.7 | 2.2 | 16.3% |
| Uzbekistan | 0.5 | 0.1 | 0.4 | 1.8 | 53.3% |
| Italy | 1.0 | 1.1 | 1.1 | 1.6 | 17.0% |
| Canada | 0.1 | 0.7 | 0.9 | 1.3 | 135.1% |
| Poland | 0.7 | 0.5 | 0.9 | 1.2 | 19.7% |
| Netherlands | 0.9 | 0.3 | 0.7 | 1.1 | 6.9% |
| Others | 17.8 | 17.9 | 16.6 | 16.5 | -2.5% |
| Total | 34.0 | 37.3 | 40.7 | 50.2 | 13.9% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Turkey in 2022:
- United States (5.1K tons)
- Germany (2.4K tons)
- Romania (1.5K tons)
- Spain (1.5K tons)
- United Kingdom (1.2K tons)
- Italy (1.0K tons)
- Iraq (1.0K tons)
- Canada (0.9K tons)
- France (0.9K tons)
- Turkmenistan (0.8K tons)
- Poland (0.7K tons)
- Netherlands (0.6K tons)
- Uzbekistan (0.4K tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Turkey
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into Turkey surged to 623 tons, jumping by 41% on the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2020 indices. As a result, imports attained 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) surged to $5.8M in 2022. Over the period under review, imports saw a buoyant increase. 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,606 | 1,018 | 1,690 | 3,136 | 25.0% |
| China | 322 | 537 | 399 | 786 | 34.6% |
| Germany | 316 | 212 | 558 | 741 | 32.9% |
| United Kingdom | 11.8 | 34.7 | 18.7 | 373 | 216.2% |
| Indonesia | 28.2 | 60.3 | 151 | 298 | 119.4% |
| France | 94.1 | 98.8 | 25.7 | 129 | 11.1% |
| Spain | 827 | 10.8 | 243 | 78.9 | -54.3% |
| India | 75.2 | 34.0 | 56.1 | 41.1 | -18.2% |
| Vietnam | 224 | 188 | 16.0 | 14.2 | -60.1% |
| Lithuania | 79.6 | N/A | 213 | 8.4 | -52.7% |
| Others | 338 | 640 | 366 | 212 | -14.4% |
| Total | 3,921 | 2,833 | 3,736 | 5,817 | 14.1% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Turkey in 2022:
- Italy (282.5 tons)
- Germany (120.0 tons)
- China (106.1 tons)
- Indonesia (31.7 tons)
- United Kingdom (28.6 tons)
- France (13.7 tons)
- India (5.8 tons)
- Spain (5.7 tons)
- Vietnam (2.8 tons)
- Lithuania (1.3 tons)
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