Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary - 2023
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary (FOB) - 2023
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary (CIF) - 2022
In 2022, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $2,554 per ton, stabilizing at the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $3,906 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 Austria ($16,071 per ton), while the price for Bulgaria ($1,535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+19.5%), 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 Hungary (FOB) - 2023
The average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $7,189 per ton in November 2023, growing by 109% against the previous month. Overall, the export price enjoyed measured growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($57,204 per ton), while the average price for exports to the United States ($4,495 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas purchases of furniture; of cane, osier, or similar materials (other than bamboo or rattan), which increased by 28% to 4.1K tons in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 109%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) soared to $10M in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 106%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 604 | 572 | 1,668 | 2,940 | 69.5% |
| Bulgaria | 407 | 1,047 | 1,942 | 1,670 | 60.1% |
| Germany | 374 | 486 | 1,456 | 1,515 | 59.4% |
| China | 524 | 484 | 851 | 951 | 22.0% |
| Romania | 89.2 | 318 | 634 | 476 | 74.7% |
| Others | 1,067 | 1,037 | 1,558 | 2,888 | 39.4% |
| Total | 3,064 | 3,944 | 8,109 | 10,441 | 50.5% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Hungary in 2022:
- Poland (1856.2 tons)
- Bulgaria (1088.2 tons)
- China (378.4 tons)
- Germany (360.7 tons)
- Romania (171.9 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary
In 2022, shipments abroad of furniture; of cane, osier, or similar materials (other than bamboo or rattan) decreased by -70.3% to 313 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 649% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then shrank remarkably in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank significantly to $1.3M in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 595%. As a result, the exports reached the peak of $4.8M, and then dropped dramatically in the following year.
| Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 11.7 | 6.3 | 146 | 792 | 307.5% |
| Germany | 391 | 221 | 274 | 190 | -21.4% |
| Slovakia | 39.1 | 58.1 | 30.4 | 59.0 | 14.7% |
| Bulgaria | 8.0 | 31.7 | 22.2 | 36.3 | 65.6% |
| Austria | 36.8 | 107 | 41.0 | 31.6 | -5.0% |
| Serbia | 19.2 | 10.8 | 17.7 | 23.2 | 6.5% |
| Switzerland | 40.2 | 29.0 | 3,943 | 5.3 | -49.1% |
| Others | 307 | 233 | 369 | 206 | -12.5% |
| Total | 853 | 697 | 4,843 | 1,343 | 16.3% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Hungary in 2022:
- Romania (233.0 tons)
- Germany (23.6 tons)
- Austria (14.2 tons)
- Slovakia (9.1 tons)
- Bulgaria (6.4 tons)
- Serbia (5.4 tons)
- Switzerland (1.8 tons)
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