Price for Rattans Used Primarily for Plaiting in Colombia - 2022

Contents:

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

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

In 2022, the average import price for rattans used primarily for plaitings amounted to $12,395 per ton, surging by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 when the average import price increased by 52%. The import price peaked at $14,553 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 China ($13,337 per ton), while the price for Singapore ($6,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2020, the average export price for rattans used primarily for plaitings amounted to $22,000 per ton, rising by 10% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 58%. The export price peaked at $27,500 per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

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

From 2016 to 2020, the rate of growth in terms of prices for Ecuador amounted to +31.0% per year.

Imports of Rattans Used Primarily for Plaiting in Colombia

In 2022, after three years of growth, there was significant decline in purchases abroad of rattans used primarily for plaitings, when their volume decreased by -7.6% to 35 tons. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of 38 tons, and then contracted in the following year.

In value terms, rattans used primarily for plaiting imports reduced to $436K in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year.

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

1. China (29.9 tons)
2. Singapore (4.2 tons)
3. United States (1.1 tons)

Exports of Rattans Used Primarily for Plaiting in Colombia

Rattans used primarily for plaiting exports from Colombia skyrocketed to 2 kg in 2020, picking up by 100% on the previous year. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rattans used primarily for plaiting exports skyrocketed to $44 in 2020. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Peru (2.0 kg)

Source: IndexBox Market Intelligence Platform