Price for Seats; of Bamboo or Rattan in Egypt - 2021

Contents:

1. Price for Seats; of Bamboo or Rattan in Egypt (FOB) - 2022
2. Price for Seats; of Bamboo or Rattan in Egypt (CIF) - 2022
3. Exports of Seats; of Bamboo or Rattan in Egypt
4. Imports of Seats; of Bamboo or Rattan in Egypt

Price for Seats; of Bamboo or Rattan in Egypt (FOB) - 2022

In 2022, the average export price for seats; of bamboo or rattans amounted to $3.7 per unit, which is down by -17.8% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 151%. As a result, the export price reached the peak level of $13 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($56 per unit), while the average price for exports to South Africa ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+300.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Seats; of Bamboo or Rattan in Egypt (CIF) - 2022

In 2022, the average import price for seats; of bamboo or rattans amounted to $78 per unit, declining by -3.1% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seats; of bamboo or rattan import price increased by +3.0% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 51% against the previous year. The import price peaked at $81 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($569 per unit), while the price for Indonesia ($19 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seats; of Bamboo or Rattan in Egypt

For the fourth consecutive year, Egypt recorded growth in shipments abroad of seats; of bamboo or rattans, which increased by 3.9% to 161 units in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, seats; of bamboo or rattan exports declined to $601 in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $704, and then reduced in the following year.

Top Export Markets for Seats; of Bamboo or Rattan from Egypt in 2022:

1. South Africa (139.0 units)
2. Saudi Arabia (7.0 units)
3. Lebanon (6.0 units)
4. Qatar (6.0 units)

Imports of Seats; of Bamboo or Rattan in Egypt

After two years of decline, supplies from abroad of seats; of bamboo or rattans increased by 11% to 191 units in 2022. Over the period under review, imports, however, showed a abrupt descent. Imports peaked at 244 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, seats; of bamboo or rattan imports expanded significantly to $15K in 2022. In general, imports, however, continue to indicate a deep contraction. Over the period under review, imports reached the maximum at $18K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Seats; of Bamboo or Rattan to Egypt in 2022:

1. Indonesia (97.0 units)
2. Vietnam (30.0 units)
3. France (29.0 units)
4. Germany (12.0 units)
5. China (8.0 units)
6. United Arab Emirates (7.0 units)
7. Thailand (4.0 units)

Source: IndexBox Market Intelligence Platform