Price for Rattans Used Primarily for Plaiting in Pakistan - 2023
Contents:
- Price for Rattans Used Primarily for Plaiting in Pakistan (CIF) - 2022
- Price for Rattans Used Primarily for Plaiting in Pakistan (FOB) - 2022
- Imports of Rattans Used Primarily for Plaiting in Pakistan
- Exports of Rattans Used Primarily for Plaiting in Pakistan
Price for Rattans Used Primarily for Plaiting in Pakistan (CIF) - 2022
The average import price for rattans used primarily for plaitings stood at $511 per ton in 2022, shrinking by -43.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 94% against the previous year. The import price peaked at $2,422 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($661 per ton), while the price for Afghanistan ($331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rattans Used Primarily for Plaiting in Pakistan (FOB) - 2022
In 2022, the average export price for rattans used primarily for plaitings amounted to $485 per ton, flattening at the previous year. In general, the export price continues to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 28%. The export price peaked at $8,303 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($2,419 per ton), while the average price for exports to Afghanistan ($376 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 China (-15.7%), while the prices for the other major destinations experienced a decline.
Imports of Rattans Used Primarily for Plaiting in Pakistan
In 2022, the amount of rattans used primarily for plaitings imported into Pakistan skyrocketed to 1.1K tons, growing by 101% on the previous year's figure. Over the period under review, imports showed a significant increase. 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 rose sharply to $554K in 2022. In general, imports, however, faced a deep slump.
| Import of Rattans Used Primarily for Plaiting in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 91.5 | 77.3 | 46.2 | 203 | 30.4% |
| Malaysia | 545 | 296 | 72.3 | 87.3 | -45.7% |
| Afghanistan | 103 | 125 | 28.2 | 26.1 | -36.7% |
| China | 10.1 | 14.6 | 3.5 | 2.1 | -40.8% |
| Others | 14.0 | 14.3 | 342 | 236 | 156.4% |
| Total | 764 | 528 | 493 | 554 | -10.2% |
Top Suppliers of Rattans Used Primarily for Plaiting to Pakistan in 2022:
- Singapore (594.2 tons)
- Malaysia (201.7 tons)
- Afghanistan (79.0 tons)
- China (6.4 tons)
Exports of Rattans Used Primarily for Plaiting in Pakistan
In 2022, approx. 87 tons of rattans used primarily for plaitings were exported from Pakistan; reducing by -18.4% compared with the previous year. Over the period under review, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, the exports reached the peak of 107 tons, and then shrank rapidly in the following year.
In value terms, rattans used primarily for plaiting exports dropped significantly to $42K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $52K, and then declined markedly in the following year.
| Export of Rattans Used Primarily for Plaiting in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 4.8 | 7.8 | 24.7 | 22.9 | 68.3% |
| China | 8.9 | 7.5 | 11.5 | 8.2 | -2.7% |
| Kuwait | 15.4 | 12.4 | 10.6 | 6.9 | -23.5% |
| Qatar | 4.0 | 4.2 | 4.8 | 4.1 | 0.8% |
| Others | 0.6 | 0.4 | 0.4 | 0.2 | -30.7% |
| Total | 33.8 | 32.4 | 52.0 | 42.2 | 7.7% |
Top Export Markets for Rattans Used Primarily for Plaiting from Pakistan in 2022:
- Afghanistan (60.8 tons)
- Kuwait (14.5 tons)
- China (9.7 tons)
- Qatar (1.7 tons)
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