Price for Rattans Used Primarily for Plaiting in Bangladesh - 2022

Contents:

1. Price for Rattans Used Primarily for Plaiting in Bangladesh (CIF) - 2022
2. Price for Rattans Used Primarily for Plaiting in Bangladesh (FOB) - 2022
3. Imports of Rattans Used Primarily for Plaiting in Bangladesh
4. Exports of Rattans Used Primarily for Plaiting in Bangladesh

Price for Rattans Used Primarily for Plaiting in Bangladesh (CIF) - 2022

In 2022, the average import price for rattans used primarily for plaitings amounted to $3,779 per ton, declining by -18.1% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2017 an increase of 131% against the previous year. The import price peaked at $5,315 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China ($9,435 per ton), while the price for Myanmar ($1,735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rattans Used Primarily for Plaiting in Bangladesh (FOB) - 2022

The average export price for rattans used primarily for plaitings stood at $766 per ton in 2022, rising by 6.7% against the previous year. Overall, the export price, however, faced a drastic downturn. The export price peaked at $6,058 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to 0.0% per year.

Imports of Rattans Used Primarily for Plaiting in Bangladesh

In 2022, imports of rattans used primarily for plaitings into Bangladesh shrank modestly to 26 tons, declining by -4.6% against 2021 figures. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 56%.

In value terms, rattans used primarily for plaiting imports reduced sharply to $99K in 2022. Overall, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 77%.

Top Suppliers of Rattans Used Primarily for Plaiting to Bangladesh in 2022:

1. Myanmar (14.7 tons)
2. Singapore (10.0 tons)
3. China (1.5 tons)

Exports of Rattans Used Primarily for Plaiting in Bangladesh

In 2022, the amount of rattans used primarily for plaitings exported from Bangladesh contracted remarkably to 798 kg, with a decrease of -43% on 2021. Over the period under review, exports recorded a dramatic shrinkage.

In value terms, rattans used primarily for plaiting exports contracted notably to $611 in 2022. In general, exports showed a significant curtailment.

Top Export Markets for Rattans Used Primarily for Plaiting from Bangladesh in 2022:

1. Philippines (798.0 kg)

Source: IndexBox Market Intelligence Platform