Price for Rattans Used Primarily for Plaiting in India - 2023

Contents:

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

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

In 2022, the average import price for rattans used primarily for plaitings amounted to $965 per ton, dropping by -9.8% against the previous year. In general, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. The import price peaked at $1,070 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,787 per ton), while the price for Malaysia ($818 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for rattans used primarily for plaitings stood at $1,177 per ton in 2022, declining by -96.1% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2021 an increase of 633% against the previous year. As a result, the export price attained the peak level of $30,517 per ton, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($3,594 per ton), while the average price for exports to Bhutan totaled $774 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+81.6%).

Imports of Rattans Used Primarily for Plaiting in India

In 2022, approx. 1K tons of rattans used primarily for plaitings were imported into India; falling by -5.5% compared with the previous year. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year.

In value terms, rattans used primarily for plaiting imports fell to $1M in 2022. Over the period under review, imports showed a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $1.2M, and then shrank in the following year.

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

1. Singapore (535.4 tons)
2. Malaysia (423.2 tons)
3. Vietnam (49.0 tons)
4. China (31.3 tons)

Exports of Rattans Used Primarily for Plaiting in India

In 2022, overseas shipments of rattans used primarily for plaitings were finally on the rise to reach 1.7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rattans used primarily for plaiting exports soared to $2K in 2022. Over the period under review, exports, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 586%.

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

1. Bhutan (1560.0 kg)
2. Denmark (175.0 kg)

Source: IndexBox Market Intelligence Platform