Price for Rattans Used Primarily for Plaiting in Japan - 2023

Contents:

1. Price for Rattans Used Primarily for Plaiting in Japan (CIF) - 2023
2. Price for Rattans Used Primarily for Plaiting in Japan (FOB) - 2022
3. Imports of Rattans Used Primarily for Plaiting in Japan
4. Exports of Rattans Used Primarily for Plaiting in Japan

Price for Rattans Used Primarily for Plaiting in Japan (CIF) - 2023

In July 2023, the average import price for rattans used primarily for plaitings amounted to $27,173 per ton, growing by 9.1% against the previous month. Over the period under review, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 279% against the previous month. The import price peaked at $45,517 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($64,131 per ton), while the price for Malaysia ($14,846 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for rattans used primarily for plaitings amounted to $202,285 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a resilient expansion. The growth pace was the most rapid in 2020 an increase of 178% against the previous year. As a result, the export price reached the peak level of $204,582 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($633,000 per ton), while the average price for exports to Denmark stood at $183,263 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+101.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rattans Used Primarily for Plaiting in Japan

In 2022, approx. 86 tons of rattans used primarily for plaitings were imported into Japan; with an increase of 17% against the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rattans used primarily for plaiting imports surged to $2.1M in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 105% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. China (45.3 tons)
2. Malaysia (20.5 tons)
3. Italy (14.4 tons)
4. Taiwan (Chinese) (2.7 tons)
5. Indonesia (1.1 tons)

Exports of Rattans Used Primarily for Plaiting in Japan

In 2022, shipments abroad of rattans used primarily for plaitings decreased by -9.5% to 239 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 177%.

In value terms, rattans used primarily for plaiting exports contracted to $48K in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 669% against the previous year.

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

1. Denmark (114.0 kg)
2. Belgium (5.0 kg)

Source: IndexBox Market Intelligence Platform