Price for Furniture; of Bamboo or Rattan in Ethiopia - 2022
Contents:
- Price for Furniture; of Bamboo or Rattan in Ethiopia (CIF) - 2022
- Price for Furniture; of Bamboo or Rattan in Ethiopia (FOB) - 2022
- Imports of Furniture; of Bamboo or Rattan in Ethiopia
- Exports of Furniture; of Bamboo or Rattan in Ethiopia
Price for Furniture; of Bamboo or Rattan in Ethiopia (CIF) - 2022
In 2022, the average import price for furniture; of bamboo or rattan amounted to $9,103 per ton, flattening at the previous year. In general, the import price, however, posted buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 63%. The import price peaked at $9,168 per ton in 2021, and then fell slightly in the following year.
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 ($46,473 per ton), while the price for Saudi Arabia ($3,427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; of Bamboo or Rattan in Ethiopia (FOB) - 2022
In 2022, the average export price for furniture; of bamboo or rattan amounted to $4,333 per ton, picking up by 7.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23% against the previous year. The export price peaked at $4,640 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 Kenya ($13,500 per ton), while the average price for exports to Tanzania ($276 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 Kenya (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; of Bamboo or Rattan in Ethiopia
In 2022, purchases abroad of furniture; of bamboo or rattan increased by 5.3% to 2.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable decline.
In value terms, furniture; of bamboo or rattan imports amounted to $20K in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage.
| Import of Furniture; of Bamboo or Rattan in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.5 | 7.2 | 6.9 | 7.5 | 0.0% |
| Saudi Arabia | 6.2 | 6.0 | 5.8 | 6.3 | 0.5% |
| China | 7.9 | 6.6 | 5.5 | 5.2 | -13.0% |
| Others | 0.7 | 0.6 | 0.6 | 0.6 | -5.0% |
| Total | 22.4 | 20.5 | 18.8 | 19.6 | -4.4% |
Top Suppliers of Furniture; of Bamboo or Rattan to Ethiopia in 2022:
- Saudi Arabia (1833.0 kg)
- United Arab Emirates (190.0 kg)
- China (112.0 kg)
Exports of Furniture; of Bamboo or Rattan in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas shipments of furniture; of bamboo or rattan, which decreased by -4.5% to 42 kg in 2022. Over the period under review, exports continue to indicate a deep reduction.
In value terms, furniture; of bamboo or rattan exports amounted to $182 in 2022. Overall, exports saw a mild setback.
| Export of Furniture; of Bamboo or Rattan in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 156 | 150 | 144 | 147 | -2.0% |
| Kenya | 25.0 | 25.0 | 25.0 | 27.0 | 2.6% |
| Tanzania | 12.0 | 10.0 | 9.0 | 8.0 | -12.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 193 | 185 | 178 | 182 | -1.9% |
Top Export Markets for Furniture; of Bamboo or Rattan from Ethiopia in 2022:
- Tanzania (29.0 kg)
- Italy (11.0 kg)
- Kenya (2.0 kg)
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