Plaits and Basketwork Market

The article discusses the increasing demand for plaits, basketwork, wickerwork, and similar products of plaiting materials worldwide, with market projections up to 2030. It covers market performance, consumption patterns, production volumes, imports, exports, and average prices. Mexico leads in both consumption and production, while the United States is the largest importing country. China dominates exports, with basketwork being the key exported product. The analysis also includes average annual growth rates, trends, and fluctuations over the past decade.

Market Forecast

Driven by increasing demand for plaits, basketwork, wickerwork and similar products of plaiting materials worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market volume to 15M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $136B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plaits, Basketwork, Wickerwork And Similar Products Of Plaiting Materials

In 2022, global plaits and basketwork consumption totaled 13M tons, therefore, remained relatively stable against 2021 figures. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak volume of 14M tons. From 2015 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global plaits and basketwork market size reached $98.5B in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $121.6B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of plaits and basketwork consumption was Mexico (11M tons), comprising approx. 86% of total volume. It was followed by China (295K tons), with a 2.3% share of total consumption.

In Mexico, plaits and basketwork consumption increased at an average annual rate of +1.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+1.1% per year) and the United States (-0.8% per year).

In value terms, Mexico ($88.4B) led the market, alone. The second position in the ranking was taken by China ($1.5B).

In Mexico, the plaits and basketwork market increased at an average annual rate of +2.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.9% per year) and the United States (-2.6% per year).

From 2012 to 2022, the average annual growth rate of the plaits and basketwork per capita consumption in Mexico was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (-1.4% per year) and China (+0.6% per year).

Production

World Production of Plaits, Basketwork, Wickerwork And Similar Products Of Plaiting Materials

In 2022, global production of plaits, basketwork, wickerwork and similar products of plaiting materials reached 13M tons, therefore, remained relatively stable against the previous year's figure. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. As a result, production attained the peak volume of 14M tons. From 2015 to 2022, global production growth remained at a somewhat lower figure.

In value terms, plaits and basketwork production amounted to $102.7B in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 102%. As a result, production attained the peak level of $149.1B. From 2014 to 2022, global production growth failed to regain momentum.

Production By Country

Mexico (11M tons) remains the largest plaits and basketwork producing country worldwide, accounting for 86% of total volume. Moreover, plaits and basketwork production in Mexico exceeded the figures recorded by the second-largest producer, China (588K tons), more than tenfold.

In Mexico, plaits and basketwork production increased at an average annual rate of +1.9% over the period from 2012-2022.

Imports

World Imports of Plaits, Basketwork, Wickerwork And Similar Products Of Plaiting Materials

In 2022, global plaits and basketwork imports shrank to 584K tons, which is down by -5.5% compared with the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 618K tons, and then shrank in the following year.

In value terms, plaits and basketwork imports expanded markedly to $2.8B in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports By Country

The United States was the largest importing country with an import of about 169K tons, which resulted at 29% of total imports. Japan (39K tons) held a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.3%), France (6.2%), Belgium (5.2%) and the Netherlands (4.7%). The UK (26K tons), Spain (20K tons), Italy (16K tons), Poland (14K tons), Saudi Arabia (12K tons), Greece (10K tons) and Australia (8.9K tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, Greece (+13.7%), Belgium (+11.0%), Poland (+9.9%), Spain (+4.8%), the Netherlands (+3.8%), France (+3.4%) and the UK (+2.1%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +13.7% from 2012-2022. Saudi Arabia, Germany and Italy experienced a relatively flat trend pattern. By contrast, Australia (-4.1%) and Japan (-8.6%) illustrated a downward trend over the same period. The United States (+9.5 p.p.) and Belgium (+3.1 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -12.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($751M) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials worldwide, comprising 26% of global imports. The second position in the ranking was taken by Germany ($229M), with an 8.1% share of global imports. It was followed by France, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +3.2%. In the other countries, the average annual rates were as follows: Germany (+4.4% per year) and France (+8.0% per year).

Imports By Type

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah represented the main type of plaits, basketwork, wickerwork and similar products of plaiting materials in the world, with the volume of imports amounting to 393K tons, which was near 69% of total imports in 2022. It was distantly followed by plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not (178K tons), comprising a 31% share of total imports.

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah was also the fastest-growing in terms of imports, with a CAGR of +3.3% from 2012 to 2022. plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not (-2.2%) illustrated a downward trend over the same period. Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (+13 p.p.) significantly strengthened its position in terms of the global imports, while plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not saw its share reduced by -12.6% from 2012 to 2022, respectively.

In value terms, basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($2.4B) constitutes the largest type of plaits, basketwork, wickerwork and similar products of plaiting materials imported worldwide, comprising 82% of global imports. The second position in the ranking was taken by plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not ($505M), with an 18% share of global imports.

For basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah, imports increased at an average annual rate of +4.7% over the period from 2012-2022.

Import Prices By Type

In 2022, the average plaits and basketwork import price amounted to $4,868 per ton, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($6,015 per ton), while the price for plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not amounted to $2,830 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (+1.4%).

Import Prices By Country

The average plaits and basketwork import price stood at $4,868 per ton in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($7,378 per ton), while Belgium ($1,830 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Plaits, Basketwork, Wickerwork And Similar Products Of Plaiting Materials

In 2022, after three years of growth, there was significant decline in shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, when their volume decreased by -12.1% to 561K tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 24%. The global exports peaked at 638K tons in 2021, and then reduced in the following year.

In value terms, plaits and basketwork exports fell to $3.4B in 2022. Overall, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $3.7B, and then dropped in the following year.

Exports By Country

China dominates exports structure, accounting for 297K tons, which was near 53% of total exports in 2022. Vietnam (47K tons) ranks second in terms of the total exports with an 8.4% share, followed by Poland (5.2%). India (25K tons), Indonesia (24K tons), the Netherlands (21K tons), Spain (11K tons), Togo (11K tons) and Germany (9.3K tons) took a little share of total exports.

Exports from China decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, India (+38.3%), the Netherlands (+13.7%), Poland (+8.3%), Vietnam (+7.4%), Spain (+7.0%), Togo (+4.1%) and Germany (+2.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.3% from 2012-2022. Indonesia experienced a relatively flat trend pattern. India (+4.2 p.p.), Vietnam (+4.1 p.p.), Poland (+2.7 p.p.) and the Netherlands (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -18.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.9B) remains the largest plaits and basketwork supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by Vietnam ($378M), with an 11% share of global exports. It was followed by Indonesia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+8.8% per year) and Indonesia (+4.3% per year).

Exports By Type

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah represented the key exported product with an export of around 361K tons, which finished at 62% of total exports. It was distantly followed by plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not (218K tons), achieving a 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (with a CAGR of +2.2%).

In value terms, basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($2.8B) remains the largest type of plaits, basketwork, wickerwork and similar products of plaiting materials supplied worldwide, comprising 81% of global exports. The second position in the ranking was held by plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not ($665M), with a 19% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of the value of basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah exports amounted to +4.6%.

Export Prices By Type

The average plaits and basketwork export price stood at $6,053 per ton in 2022, increasing by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30%. As a result, the export price reached the peak level of $6,188 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($7,675 per ton), while the average price for exports of plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not totaled $3,045 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (+2.3%).

Export Prices By Country

In 2022, the average plaits and basketwork export price amounted to $6,053 per ton, with an increase of 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $6,188 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,188 per ton), while Togo ($1,895 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform