Price for Rattans Used Primarily for Plaiting in South Africa - 2023

Contents:

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

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

The average import price for rattans used primarily for plaitings stood at $5,326 per ton in 2022, falling by -10.5% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rattans used primarily for plaiting import price increased by +87.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $5,950 per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($15,001 per ton), while the price for Malaysia ($4,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for rattans used primarily for plaitings amounted to $1,901 per ton, reducing by -60.8% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 324%. As a result, the export price reached the peak level of $27,929 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +30.6% per year.

Imports of Rattans Used Primarily for Plaiting in South Africa

In 2022, imports of rattans used primarily for plaitings into South Africa surged to 31 tons, with an increase of 46% on the year before. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rattans used primarily for plaiting imports soared to $164K in 2022. In general, imports recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Singapore (20.4 tons)
2. Malaysia (6.7 tons)
3. Vietnam (2.1 tons)
4. China (1.6 tons)

Exports of Rattans Used Primarily for Plaiting in South Africa

In 2022, the amount of rattans used primarily for plaitings exported from South Africa skyrocketed to 71 kg, growing by 29% compared with the previous year's figure. Over the period under review, exports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 5,400%.

In value terms, rattans used primarily for plaiting exports reduced remarkably to $135 in 2022. Overall, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 8,800% against the previous year.

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

1. Botswana (70.0 kg)

Source: IndexBox Market Intelligence Platform