Price for Rattans Used Primarily for Plaiting in Australia - 2023

Contents:

1. Price for Rattans Used Primarily for Plaiting in Australia (CIF) - 2022
2. Price for Rattans Used Primarily for Plaiting in Australia (FOB) - 2022
3. Imports of Rattans Used Primarily for Plaiting in Australia
4. Exports of Rattans Used Primarily for Plaiting in Australia

Price for Rattans Used Primarily for Plaiting in Australia (CIF) - 2022

In 2022, the average import price for rattans used primarily for plaitings amounted to $15,976 per ton, with an increase of 30% against the previous year. Over the period under review, import price indicated a perceptible increase 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, rattans used primarily for plaiting import price increased by +158.7% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by 124% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($17,656 per ton), while the price for Singapore amounted to $6,802 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+85.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rattans Used Primarily for Plaiting in Australia (FOB) - 2022

The average export price for rattans used primarily for plaitings stood at $4,167 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2020 to 2022, the rate of growth in terms of prices for New Zealand amounted to +80.7% per year.

Imports of Rattans Used Primarily for Plaiting in Australia

For the third year in a row, Australia recorded decline in purchases abroad of rattans used primarily for plaitings, which decreased by -18% to 23 tons in 2022. In general, imports showed a abrupt shrinkage. The smallest decline of -0.9% was in 2020.

In value terms, rattans used primarily for plaiting imports expanded rapidly to $371K in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, imports attained the peak of $408K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Rattans Used Primarily for Plaiting to Australia in 2022:

1. China (19.5 tons)
2. Singapore (3.7 tons)

Exports of Rattans Used Primarily for Plaiting in Australia

Rattans used primarily for plaiting exports from Australia totaled 30 kg in 2022, remaining constant against the year before. Over the period under review, exports faced a dramatic slump. The smallest decline of 99.9% was in 2021.

In value terms, rattans used primarily for plaiting exports totaled $125 in 2022. In general, exports saw a sharp slump. The smallest decline of 99.9% was in 2021.

Top Export Markets for Rattans Used Primarily for Plaiting from Australia in 2022:

1. New Zealand (30.0 kg)

Source: IndexBox Market Intelligence Platform