Price for Furniture; of Bamboo or Rattan in Singapore - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Singapore (FOB) - 2022
- Price for Furniture; of Bamboo or Rattan in Singapore (CIF) - 2022
- Exports of Furniture; of Bamboo or Rattan in Singapore
- Imports of Furniture; of Bamboo or Rattan in Singapore
Price for Furniture; of Bamboo or Rattan in Singapore (FOB) - 2022
The average export price for furniture; of bamboo or rattan stood at $4,135 per ton in 2022, increasing by 1.9% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $9,740 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($58,964 per ton), while the average price for exports to the UK ($240 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 Indonesia (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Furniture; of Bamboo or Rattan in Singapore (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $2,203 per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2013 when the average import price increased by 3.8% against the previous year. The import price peaked at $4,483 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($30,139 per ton), while the price for Malaysia ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.9%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; of Bamboo or Rattan in Singapore
In 2022, shipments abroad of furniture; of bamboo or rattan was finally on the rise to reach 23 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable setback.
In value terms, furniture; of bamboo or rattan exports stood at $96K in 2022. Over the period under review, exports, however, showed a drastic downturn.
| Export of Furniture; of Bamboo or Rattan in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 42.5 | 39.5 | 36.5 | 39.5 | -2.4% |
| Switzerland | 20.5 | 19.1 | 17.6 | 19.1 | -2.3% |
| Vietnam | 11.9 | 11.0 | 10.2 | 11.0 | -2.6% |
| Belgium | 4.3 | 4.0 | 3.7 | 4.0 | -2.4% |
| Malaysia | 4.4 | 3.8 | 3.3 | 3.3 | -9.1% |
| South Africa | 1.7 | 1.3 | 1.0 | 0.9 | -19.1% |
| China | 1.1 | 0.9 | 0.7 | 0.7 | -14.0% |
| Seychelles | 0.7 | 0.6 | 0.5 | 0.4 | -17.0% |
| Sri Lanka | 0.7 | 0.5 | 0.3 | 0.2 | -34.1% |
| Others | 25.1 | 20.7 | 17.2 | 17.0 | -12.2% |
| Total | 113 | 101 | 90.9 | 96.1 | -5.3% |
Top Export Markets for Furniture; of Bamboo or Rattan from Singapore in 2022:
- Vietnam (10.4 tons)
- Switzerland (3.8 tons)
- Belgium (1.9 tons)
- South Africa (1.5 tons)
- Seychelles (1.1 tons)
- China (0.9 tons)
- Indonesia (0.7 tons)
- Sri Lanka (0.5 tons)
- Malaysia (0.3 tons)
Imports of Furniture; of Bamboo or Rattan in Singapore
In 2022, after two years of decline, there was significant growth in overseas purchases of furniture; of bamboo or rattan, when their volume increased by 11% to 3.3 tons. Over the period under review, imports, however, recorded a abrupt shrinkage.
In value terms, furniture; of bamboo or rattan imports expanded remarkably to $7.2K in 2022. In general, imports, however, showed a deep contraction.
| Import of Furniture; of Bamboo or Rattan in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.6 | 1.6 | 1.6 | 2.2 | 11.2% |
| China | 4.2 | 3.1 | 2.2 | 2.0 | -21.9% |
| Indonesia | 1.5 | 1.2 | 0.9 | 0.9 | -15.7% |
| Denmark | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 2.0 | 1.8 | 1.6 | 1.8 | -3.5% |
| Total | 9.6 | 7.9 | 6.5 | 7.2 | -9.1% |
Top Suppliers of Furniture; of Bamboo or Rattan to Singapore in 2022:
- China (2280.0 kg)
- Malaysia (296.0 kg)
- Indonesia (276.0 kg)
- Vietnam (72.0 kg)
- Denmark (58.0 kg)
- Germany (58.0 kg)
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