Price for Furniture; of Bamboo or Rattan in Nigeria - 2021
Contents:
- Price for Furniture; of Bamboo or Rattan in Nigeria (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Nigeria (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Nigeria
- Exports of Furniture; of Bamboo or Rattan in Nigeria
Price for Furniture; of Bamboo or Rattan in Nigeria (CIF) - 2022
The average import price for furniture; of bamboo or rattan stood at $2,630 per ton in 2022, with an increase of 15% against the previous year. In general, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 40%. The import price peaked at $11,757 per ton in 2014; however, from 2015 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 the United States ($10,400 per ton), while the price for the United Arab Emirates ($292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Nigeria (FOB) - 2022
In 2022, the average export price for furniture; of bamboo or rattan amounted to $1,145 per ton, approximately reflecting the previous year. Overall, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2013 an increase of 312% against the previous year. As a result, the export price attained the peak level of $2,854 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($129,500 per ton), while the average price for exports to Niger stood at $596 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+35.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; of Bamboo or Rattan in Nigeria
In 2022, purchases abroad of furniture; of bamboo or rattan increased by 9.3% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a noticeable contraction.
In value terms, furniture; of bamboo or rattan imports surged to $3.2K in 2022. Overall, imports, however, faced a deep setback.
| Import of Furniture; of Bamboo or Rattan in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,575 | 1,390 | 1,064 | 1,468 | -2.3% |
| Spain | 1,317 | 1,034 | 705 | 866 | -13.0% |
| South Africa | 621 | 439 | 270 | 298 | -21.7% |
| China | 527 | 319 | 160 | 234 | -23.7% |
| United Arab Emirates | 296 | 175 | 89.0 | 83.0 | -34.5% |
| France | 174 | 103 | 52.0 | 48.0 | -34.9% |
| United Kingdom | 60.0 | 43.0 | 27.0 | 30.0 | -20.6% |
| Others | 545 | 321 | 164 | 150 | -35.0% |
| Total | 5,115 | 3,824 | 2,531 | 3,177 | -14.7% |
Top Suppliers of Furniture; of Bamboo or Rattan to Nigeria in 2022:
- China (403.0 kg)
- United Arab Emirates (284.0 kg)
- Germany (238.0 kg)
- Spain (125.0 kg)
- South Africa (88.0 kg)
- France (27.0 kg)
- United Kingdom (22.0 kg)
Exports of Furniture; of Bamboo or Rattan in Nigeria
For the third consecutive year, Nigeria recorded decline in shipments abroad of furniture; of bamboo or rattan, which decreased by -0.6% to 470 kg in 2022. In general, exports recorded a perceptible decline.
In value terms, furniture; of bamboo or rattan exports reached $538 in 2022. Overall, exports showed a relatively flat trend pattern.
| Export of Furniture; of Bamboo or Rattan in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 244 | 253 | 263 | 279 | 4.6% |
| Others | 308 | 290 | 271 | 259 | -5.6% |
| Total | 552 | 543 | 534 | 538 | -0.9% |
Top Export Markets for Furniture; of Bamboo or Rattan from Nigeria in 2022:
- Niger (468.0 kg)
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