Price for Furniture; of Bamboo or Rattan in Indonesia - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Indonesia (FOB) - 2022
- Price for Furniture; of Bamboo or Rattan in Indonesia (CIF) - 2022
- Exports of Furniture; of Bamboo or Rattan in Indonesia
- Imports of Furniture; of Bamboo or Rattan in Indonesia
Price for Furniture; of Bamboo or Rattan in Indonesia (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $6,695 per ton in 2022, shrinking by -1.8% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, furniture; of bamboo or rattan export price increased by +80.1% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 59% against the previous year. The export price peaked at $6,817 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($10,935 per ton), while the average price for exports to Turkey ($1,759 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 China (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Indonesia (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $2,041 per ton in 2022, picking up by 5.8% against the previous year. In general, the import price showed a tangible increase. The growth pace was the most rapid in 2014 when the average import price increased by 126%. Over the period under review, average import prices reached the peak figure at $3,852 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Singapore ($12,475 per ton), while the price for Thailand ($86 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; of Bamboo or Rattan in Indonesia
In 2022, shipments abroad of furniture; of bamboo or rattan was finally on the rise to reach 158 tons after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable curtailment.
In value terms, furniture; of bamboo or rattan exports reached $1.1M in 2022. In general, exports, however, showed a pronounced descent.
| Export of Furniture; of Bamboo or Rattan in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 327 | 312 | 297 | 303 | -2.5% |
| Germany | 84.9 | 87.7 | 90.4 | 100 | 5.6% |
| Japan | 112 | 99.6 | 87.9 | 83.3 | -9.4% |
| Australia | 70.7 | 69.4 | 68.0 | 71.5 | 0.4% |
| South Korea | 50.2 | 53.3 | 56.5 | 64.2 | 8.5% |
| Chile | 32.3 | 35.4 | 38.6 | 45.2 | 11.9% |
| China | 24.1 | 26.4 | 28.8 | 33.7 | 11.8% |
| Netherlands | 47.7 | 40.9 | 34.9 | 32.1 | -12.4% |
| United Kingdom | 46.8 | 37.3 | 29.6 | 25.3 | -18.5% |
| Spain | 19.4 | 18.2 | 17.1 | 17.2 | -3.9% |
| Malaysia | 11.9 | 12.8 | 13.7 | 15.7 | 9.7% |
| Russia | 24.4 | 20.4 | 17.0 | 15.2 | -14.6% |
| Turkey | 7.7 | 6.6 | 5.7 | 5.3 | -11.7% |
| Others | 286 | 268 | 248 | 249 | -4.5% |
| Total | 1,146 | 1,088 | 1,033 | 1,060 | -2.6% |
Top Export Markets for Furniture; of Bamboo or Rattan from Indonesia in 2022:
- United States (32.0 tons)
- Australia (20.6 tons)
- Germany (14.6 tons)
- Japan (9.1 tons)
- Spain (7.9 tons)
- Netherlands (6.7 tons)
- Chile (5.9 tons)
- South Korea (5.9 tons)
- China (5.8 tons)
- Malaysia (5.3 tons)
- Russia (4.6 tons)
- United Kingdom (3.9 tons)
- Turkey (3.0 tons)
Imports of Furniture; of Bamboo or Rattan in Indonesia
After three years of growth, purchases abroad of furniture; of bamboo or rattan decreased by -5.7% to 106 tons in 2022. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%.
In value terms, furniture; of bamboo or rattan imports dropped slightly to $217K in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 0.4%.
| Import of Furniture; of Bamboo or Rattan in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 96.1 | 106 | 115 | 124 | 8.9% |
| Singapore | 75.6 | 69.3 | 63.1 | 56.6 | -9.2% |
| Vietnam | 5.5 | 5.4 | 5.2 | 4.9 | -3.8% |
| Thailand | 0.7 | 0.5 | 0.4 | 0.3 | -24.6% |
| Others | 37.9 | 36.0 | 34.0 | 31.7 | -5.8% |
| Total | 216 | 217 | 218 | 217 | 0.2% |
Top Suppliers of Furniture; of Bamboo or Rattan to Indonesia in 2022:
- China (92.9 tons)
- Singapore (4.5 tons)
- Thailand (2.9 tons)
- Vietnam (2.9 tons)
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