Price for Rattans Used Primarily for Plaiting in Indonesia - 2022

Contents:

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

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

The average import price for rattans used primarily for plaitings stood at $9,142 per ton in 2022, falling by -22.9% against the previous year. In general, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2013 an increase of 100%. The import price peaked at $17,904 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($18,950 per ton), while the price for Hong Kong SAR ($8,012 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for rattans used primarily for plaitings amounted to $2,076 per ton, with a decrease of -27.3% against the previous year. In general, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 118%. As a result, the export price attained the peak level of $3,020 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($6,764 per ton), while the average price for exports to India ($125 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 Syrian Arab Republic (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rattans Used Primarily for Plaiting in Indonesia

In 2022, rattans used primarily for plaiting imports into Indonesia skyrocketed to 4.5 tons, jumping by 28% on the year before. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 107%. As a result, imports reached the peak of 6.3 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, rattans used primarily for plaiting imports dropped slightly to $41K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 106%.

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

1. Hong Kong SAR (4.0 tons)
2. Philippines (0.4 tons)

Exports of Rattans Used Primarily for Plaiting in Indonesia

Rattans used primarily for plaiting exports from Indonesia surged to 4.1K tons in 2022, with an increase of 67% compared with the previous year. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 6.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rattans used primarily for plaiting exports surged to $8.6M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 77%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Singapore (2037.9 tons)
2. China (1146.0 tons)
3. Thailand (177.1 tons)
4. India (172.3 tons)
5. Syrian Arab Republic (119.9 tons)
6. France (78.3 tons)

Source: IndexBox Market Intelligence Platform