Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $83 per unit in 2022, declining by -10.1% against the previous year. In general, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 31%. As a result, the export price attained the peak level of $177 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($112 per unit), while the average price for exports to India ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-4.2%), while the prices for the other major destinations experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $88 per unit, surging by 12% against the previous year. Overall, the import price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $114 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($179 per unit), while the price for Italy ($74 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 45% to 131K units in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $11M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 2.8 | 6.7 | 9.2 | 109.5% |
| India | 1.3 | 0.9 | 1.2 | 0.9 | -11.5% |
| United Kingdom | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Total | 2.5 | 3.9 | 8.3 | 10.8 | 62.9% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Bangladesh in 2022:
- United States (81.6K units)
- India (42.0K units)
- United Kingdom (2.5K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into Bangladesh skyrocketed to 83K units, surging by 137% against the year before. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $7.2M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,141 | 1,235 | 1,201 | 3,782 | 20.9% |
| Spain | 25.1 | 33.0 | 32.6 | 1,024 | 244.3% |
| United Arab Emirates | 196 | 327 | 664 | 1,009 | 72.7% |
| Italy | 244 | 480 | 130 | 368 | 14.7% |
| India | 25.8 | 90.3 | 36.6 | 243 | 111.2% |
| Singapore | 192 | 5.5 | 169 | 192 | 0.0% |
| Turkey | 259 | 60.2 | 35.1 | 116 | -23.5% |
| Germany | 173 | 282 | 109 | 105 | -15.3% |
| Others | 602 | 99.1 | 342 | 406 | -12.3% |
| Total | 3,858 | 2,613 | 2,720 | 7,247 | 23.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Bangladesh in 2022:
- China (45.4K units)
- United Arab Emirates (12.6K units)
- Spain (9.9K units)
- Italy (5.0K units)
- India (3.0K units)
- Singapore (2.4K units)
- Turkey (0.9K units)
- Germany (0.8K units)
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