Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam (FOB) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam (CIF) - 2022
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $7,376 per ton, leveling off at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $13,463 per ton in 2019; however, from 2020 to 2022, the 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 Australia ($7,376 per ton) and the United States ($7,376 per ton), while the average price for exports to Singapore ($7,376 per ton) and France ($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 Denmark (+0.6%), 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 Vietnam (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, picking up by 25% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 countries with the highest prices were Portugal ($7,418 per ton) and Italy ($7,418 per ton), while the price for Thailand ($7,417 per ton) and Japan ($7,417 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), 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 Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan), when their volume decreased by -14.6% to 34K tons. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 90% against the previous year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) dropped remarkably to $249M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 89%.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 74.1 | 215 | 208 | 166 | 30.8% |
| Germany | 10.0 | 7.7 | 14.3 | 16.0 | 17.0% |
| Canada | 6.6 | 6.5 | 6.6 | 8.5 | 8.8% |
| Australia | 5.2 | 5.2 | 8.0 | 8.3 | 16.9% |
| Netherlands | 13.7 | 16.1 | 14.3 | 5.9 | -24.5% |
| United Kingdom | 7.7 | 6.3 | 6.5 | 5.8 | -9.0% |
| Sweden | 2.9 | 2.9 | 5.2 | 5.6 | 24.5% |
| Denmark | 1.1 | 1.1 | 2.5 | 5.1 | 66.7% |
| France | 5.6 | 3.3 | 5.6 | 4.9 | -4.4% |
| Japan | 2.0 | 3.3 | 4.2 | 4.7 | 33.0% |
| Others | 19.9 | 13.5 | 19.0 | 18.5 | -2.4% |
| Total | 149 | 281 | 294 | 249 | 18.7% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Vietnam in 2022:
- United States (22.5K tons)
- Germany (2.2K tons)
- Canada (1.2K tons)
- Australia (1.1K tons)
- United Kingdom (0.8K tons)
- Sweden (0.8K tons)
- Netherlands (0.8K tons)
- Denmark (0.7K tons)
- France (0.7K tons)
- Japan (0.6K tons)
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam
In 2022, overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -25.3% to 1.4K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) declined to $10M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 10.4 | 7.7 | 7.3 | 6.8% |
| Italy | 1.7 | 0.7 | 1.7 | 1.6 | -2.0% |
| Portugal | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Malaysia | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Others | 0.9 | 1.3 | 1.2 | 1.0 | 3.6% |
| Total | 9.0 | 13.0 | 11.0 | 10.3 | 4.6% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Vietnam in 2022:
- China (989.4 tons)
- Italy (213.0 tons)
- Portugal (33.5 tons)
- Malaysia (20.4 tons)
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