Price for Rattans Used Primarily for Plaiting in Hungary - 2023

Contents:

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

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

The average import price for rattans used primarily for plaitings stood at $28,476 per ton in 2022, jumping by 21% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 102%. The import price peaked at $33,623 per ton in 2012; however, from 2013 to 2022, 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 Spain ($72,482 per ton), while the price for Hong Kong SAR ($11,914 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for rattans used primarily for plaitings amounted to $6,281 per ton, standing approx. at the previous year. In general, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices attained the peak figure at $108,200 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($16,050 per ton), while the average price for exports to Slovakia totaled $4,347 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-2.3%).

Imports of Rattans Used Primarily for Plaiting in Hungary

In 2022, purchases abroad of rattans used primarily for plaitings decreased by -36.6% to 27 tons, falling for the second year in a row after two years of growth. Overall, imports showed a slight decrease. The pace of growth was the most pronounced in 2020 when imports increased by 145% against the previous year. As a result, imports reached the peak of 67 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, rattans used primarily for plaiting imports contracted markedly to $755K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 87% against the previous year.

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

1. Vietnam (19.2 tons)
2. Spain (6.7 tons)
3. Hong Kong SAR (0.5 tons)
4. China (0.1 tons)

Exports of Rattans Used Primarily for Plaiting in Hungary

For the third year in a row, Hungary recorded decline in shipments abroad of rattans used primarily for plaitings, which decreased by 0% to 121 kg in 2022. In general, exports recorded a abrupt setback. The smallest decline of -66.1% was in 2020.

In value terms, rattans used primarily for plaiting exports stood at $760 in 2022. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -21.7% was in 2020.

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

1. Slovakia (101.0 kg)
2. Serbia (20.0 kg)

Source: IndexBox Market Intelligence Platform