Price for Rattans Used Primarily for Plaiting in China - 2023
Contents:
- Price for Rattans Used Primarily for Plaiting in China (CIF) - 2022
- Price for Rattans Used Primarily for Plaiting in China (FOB) - 2022
- Imports of Rattans Used Primarily for Plaiting in China
- Exports of Rattans Used Primarily for Plaiting in China
Price for Rattans Used Primarily for Plaiting in China (CIF) - 2022
In 2022, the average import price for rattans used primarily for plaitings amounted to $922 per ton, which is down by -2.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.5% against the previous year. The import price peaked at $1,069 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($1,591 per ton), while the price for Vietnam ($316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rattans Used Primarily for Plaiting in China (FOB) - 2022
The average export price for rattans used primarily for plaitings stood at $9,027 per ton in 2022, shrinking by -9.2% against the previous year. Overall, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. The export price peaked at $9,943 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($31,603 per ton), while the average price for exports to Malaysia ($1,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rattans Used Primarily for Plaiting in China
In 2022, after two years of decline, there was significant growth in purchases abroad of rattans used primarily for plaitings, when their volume increased by 17% to 18K tons. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rattans used primarily for plaiting imports expanded markedly to $16M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rattans Used Primarily for Plaiting in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 3.4 | 3.1 | 7.8 | 8.1 | 33.6% |
| Malaysia | 8.0 | 4.7 | 4.6 | 5.3 | -12.8% |
| Indonesia | 3.1 | 5.7 | 0.7 | 0.8 | -36.3% |
| Myanmar | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Vietnam | N/A | N/A | N/A | 0.5 | 0% |
| Papua New Guinea | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Congo | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.9 | 0.4 | 0.2 | 0.1 | -51.9% |
| Total | 15.9 | 14.8 | 14.1 | 16.1 | 0.4% |
Top Suppliers of Rattans Used Primarily for Plaiting to China in 2022:
- Philippines (7.7K tons)
- Malaysia (4.9K tons)
- Vietnam (1.6K tons)
- Myanmar (1.2K tons)
- Papua New Guinea (0.9K tons)
- Indonesia (0.8K tons)
- Congo (0.3K tons)
Exports of Rattans Used Primarily for Plaiting in China
For the fourth consecutive year, China recorded growth in shipments abroad of rattans used primarily for plaitings, which increased by 47% to 1.7K tons in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, rattans used primarily for plaiting exports soared to $15M in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Rattans Used Primarily for Plaiting in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 439 | 471 | 2,023 | 1,809 | 60.3% |
| Spain | 117 | 153 | 1,045 | 1,381 | 127.7% |
| Netherlands | 62.3 | 204 | 1,726 | 1,341 | 178.2% |
| Italy | 142 | 201 | 707 | 1,205 | 104.0% |
| Singapore | 54.0 | 76.0 | 619 | 1,154 | 177.5% |
| Japan | 249 | 27.0 | 251 | 995 | 58.7% |
| Vietnam | 299 | 351 | 527 | 982 | 48.6% |
| United States | 562 | 242 | 462 | 773 | 11.2% |
| Turkey | 64.7 | 161 | 341 | 692 | 120.3% |
| India | 176 | 401 | 403 | 655 | 55.0% |
| Malaysia | 3.9 | N/A | 0.3 | 370 | 356.1% |
| Mauritius | 93.6 | 42.7 | 43.5 | 226 | 34.2% |
| Thailand | N/A | 21.8 | 75.2 | 69.7 | 78.8% |
| Others | 1,207 | 1,567 | 3,170 | 3,503 | 42.6% |
| Total | 3,470 | 3,917 | 11,394 | 15,155 | 63.5% |
Top Export Markets for Rattans Used Primarily for Plaiting from China in 2022:
- Singapore (525.2 tons)
- Malaysia (269.1 tons)
- Italy (139.9 tons)
- United States (76.7 tons)
- Germany (67.9 tons)
- Vietnam (62.1 tons)
- Japan (59.2 tons)
- India (59.0 tons)
- Spain (58.3 tons)
- Mauritius (42.9 tons)
- Netherlands (42.4 tons)
- Thailand (40.2 tons)
- Turkey (30.3 tons)
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