Price for Rattans Used Primarily for Plaiting in Nigeria - 2022

Contents:

1. Price for Rattans Used Primarily for Plaiting in Nigeria (CIF) - 2022
2. Imports of Rattans Used Primarily for Plaiting in Nigeria

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

The average import price for rattans used primarily for plaitings stood at $11,188 per ton in 2022, which is down by -30.1% against the previous year. In general, the import price, however, showed significant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 128% against the previous year. The import price peaked at $16,000 per ton in 2021, and then plummeted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($11,500 per ton), while the price for Hong Kong SAR totaled $10,875 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.6%).

Imports of Rattans Used Primarily for Plaiting in Nigeria

Rattans used primarily for plaiting imports into Nigeria soared to 16 kg in 2022, increasing by 300% against the year before. In general, imports, however, recorded a noticeable shrinkage.

In value terms, rattans used primarily for plaiting imports soared to $179 in 2022. Over the period under review, imports saw a modest expansion.

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

1. Hong Kong SAR (8.0 kg)
2. Belgium (4.0 kg)

Source: IndexBox Market Intelligence Platform