Price for Rattans Used Primarily for Plaiting in Thailand - 2023

Contents:

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

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

In September 2023, the average import price for rattans used primarily for plaitings amounted to $2,365 per ton, with an increase of 138% against the previous month. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in December 2022 when the average import price increased by 901% m-o-m. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($3,430 per ton), while the price for Cambodia ($145 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for rattans used primarily for plaitings stood at $5,672 per ton in 2022, waning by -2.7% against the previous year. Overall, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 178%. Over the period under review, the average export prices reached the peak figure at $6,665 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Reunion ($11,571 per ton), while the average price for exports to Lao People's Democratic Republic ($810 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 Reunion (+113.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rattans Used Primarily for Plaiting in Thailand

Rattans used primarily for plaiting imports into Thailand soared to 1.6K tons in 2022, growing by 30% on 2021 figures. In general, imports saw modest growth. 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 skyrocketed to $1.9M in 2022. Over the period under review, imports posted a notable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Cambodia (442.0 tons)
2. Myanmar (371.3 tons)
3. Indonesia (326.2 tons)
4. Vietnam (168.5 tons)
5. China (162.3 tons)
6. Philippines (85.2 tons)

Exports of Rattans Used Primarily for Plaiting in Thailand

In 2022, the amount of rattans used primarily for plaitings exported from Thailand dropped dramatically to 9.7 tons, shrinking by -35.4% on the previous year. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 55%.

In value terms, rattans used primarily for plaiting exports fell significantly to $55K in 2022. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 45%. As a result, the exports attained the peak of $87K, and then declined significantly in the following year.

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

1. United States (8.0 tons)
2. Australia (0.5 tons)
3. Canada (0.3 tons)
4. New Zealand (0.3 tons)
5. Reunion (0.2 tons)
6. Switzerland (0.2 tons)

Source: IndexBox Market Intelligence Platform