Price for Rattans Used Primarily for Plaiting in Panama - 2022

Contents:

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

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

In 2022, the average export price for rattans used primarily for plaitings amounted to $9,478 per ton, which is down by -4.1% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rattans used primarily for plaiting export price increased by +121.2% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $9,887 per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +8.1% per year.

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

The average import price for rattans used primarily for plaitings stood at $2,069 per ton in 2022, rising by 48% against the previous year. Overall, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 73% against the previous year. Over the period under review, average import prices hit record highs at $4,530 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,333 per ton), while the price for Hong Kong SAR ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced a decline.

Exports of Rattans Used Primarily for Plaiting in Panama

In 2022, shipments abroad of rattans used primarily for plaitings decreased by -1.7% to 226 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 4.1% against the previous year. As a result, the exports attained the peak of 230 kg, and then reduced in the following year.

In value terms, rattans used primarily for plaiting exports fell to $2.1K in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports attained the peak of $2.3K, and then dropped in the following year.

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

1. Venezuela (226.0 kg)

Imports of Rattans Used Primarily for Plaiting in Panama

In 2022, purchases abroad of rattans used primarily for plaitings decreased by -23.7% to 58 kg, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rattans used primarily for plaiting imports expanded notably to $120 in 2022. In general, imports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of $13K. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. China (48.0 kg)
2. United States (9.0 kg)
3. Hong Kong SAR (1.0 kg)

Source: IndexBox Market Intelligence Platform