Price for Rattans Used Primarily for Plaiting in the UK - 2023

Contents:

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

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

In 2022, the average import price for rattans used primarily for plaitings amounted to $10,609 per ton, growing by 7.4% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 72%. The import price peaked at $10,675 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($19,537 per ton), while the price for Hungary ($718 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for rattans used primarily for plaitings stood at $13,305 per ton in 2022, growing by 8.8% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 159%. Over the period under review, the average export prices attained the peak figure at $17,012 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($53,242 per ton), while the average price for exports to Australia ($3,969 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 the United Arab Emirates (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rattans Used Primarily for Plaiting in the UK

In 2022, the amount of rattans used primarily for plaitings imported into the UK rose markedly to 192 tons, growing by 15% compared with the previous year. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 188%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, rattans used primarily for plaiting imports skyrocketed to $2M in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 166%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (110.9 tons)
2. China (42.5 tons)
3. Netherlands (15.7 tons)
4. Hungary (12.9 tons)
5. Singapore (5.6 tons)

Exports of Rattans Used Primarily for Plaiting in the UK

In 2022, after three years of growth, there was significant decline in overseas shipments of rattans used primarily for plaitings, when their volume decreased by -83.3% to 2.5 tons. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year.

In value terms, rattans used primarily for plaiting exports reduced markedly to $33K in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 52%.

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

1. Australia (616.0 kg)
2. Netherlands (536.0 kg)
3. Ireland (441.0 kg)
4. Denmark (246.0 kg)
5. Italy (206.0 kg)
6. Austria (183.0 kg)
7. Qatar (90.0 kg)
8. United Arab Emirates (62.0 kg)

Source: IndexBox Market Intelligence Platform