Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (CIF) - 2022
In 2022, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $6,368 per ton, picking up by 7.4% against the previous year. Overall, the import price recorded a strong increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($6,368 per ton) and the Philippines ($6,368 per ton), while the price for China ($6,368 per ton) and Taiwan (Chinese) ($6,368 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (FOB) - 2022
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $11,907 per ton in 2022, picking up by 60% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $14,931 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($11,907 per ton) and New Zealand ($11,907 per ton), while the average price for exports to Qatar ($11,906 per ton) and the Netherlands ($11,906 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norfolk Island (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia
In 2022, approx. 12K tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were imported into Australia; picking up by 18% against the previous year's figure. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) surged to $74M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.7 | 32.1 | 41.0 | 46.2 | 13.4% |
| Vietnam | 4.0 | 4.1 | 6.1 | 10.4 | 37.5% |
| Italy | 3.5 | 3.4 | 4.6 | 6.6 | 23.5% |
| India | 0.7 | 0.7 | 0.8 | 1.8 | 37.0% |
| Taiwan (Chinese) | 0.8 | 1.1 | 1.1 | 1.2 | 14.5% |
| Philippines | 0.2 | 0.2 | 0.5 | 1.2 | 81.7% |
| Others | 5.4 | 5.4 | 4.7 | 6.8 | 8.0% |
| Total | 46.2 | 46.9 | 58.7 | 74.2 | 17.1% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Australia in 2022:
- China (7.3K tons)
- Vietnam (1.6K tons)
- Italy (1.0K tons)
- India (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- Philippines (0.2K tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia
In 2022, approx. 400 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Australia; growing by 10% compared with the previous year's figure. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) skyrocketed to $4.8M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,189 | 840 | 1,375 | 3,140 | 38.2% |
| United States | 90.1 | 278 | 423 | 219 | 34.5% |
| Singapore | 50.5 | 209 | 16.1 | 154 | 45.0% |
| Hong Kong SAR | 15.3 | 6.5 | N/A | 152 | 115.0% |
| Papua New Guinea | 146 | 235 | 383 | 135 | -2.6% |
| Netherlands | N/A | N/A | 3.1 | 127 | 3996.8% |
| Norfolk Island | 14.1 | N/A | N/A | 121 | 104.7% |
| Fiji | 62.3 | 1.5 | 9.2 | 85.5 | 11.1% |
| Qatar | N/A | N/A | N/A | 75.5 | 0% |
| Philippines | 385 | 31.3 | 13.7 | 24.4 | -60.1% |
| Others | 487 | 978 | 479 | 528 | 2.7% |
| Total | 2,440 | 2,580 | 2,704 | 4,760 | 25.0% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Australia in 2022:
- New Zealand (263.7 tons)
- United States (18.4 tons)
- Singapore (12.9 tons)
- Hong Kong SAR (12.8 tons)
- Papua New Guinea (11.3 tons)
- Netherlands (10.6 tons)
- Norfolk Island (10.2 tons)
- Fiji (7.2 tons)
- Qatar (6.3 tons)
- Philippines (2.0 tons)
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