Price for Rattans Used Primarily for Plaiting in Sri Lanka - 2021

Contents:

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

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

The average import price for rattans used primarily for plaitings stood at $2,758 per ton in 2022, with an increase of 8.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47%. The import price peaked at $4,628 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.5% per year.

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

The average export price for rattans used primarily for plaitings stood at $5,500 per ton in 2022, which is down by -13.2% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. The export price peaked at $20,309 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -12.8% per year.

Imports of Rattans Used Primarily for Plaiting in Sri Lanka

In 2022, rattans used primarily for plaiting imports into Sri Lanka reduced remarkably to 6.2 tons, waning by -71.3% compared with the year before. Overall, imports recorded a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 1,272%. As a result, imports reached the peak of 21 tons, and then declined remarkably in the following year.

In value terms, rattans used primarily for plaiting imports contracted rapidly to $17K in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 1,805% against the previous year.

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

1. Singapore (6.2 tons)

Exports of Rattans Used Primarily for Plaiting in Sri Lanka

After two years of decline, shipments abroad of rattans used primarily for plaitings increased by 33% to 4 kg in 2022. In general, exports, however, faced a abrupt decline.

In value terms, rattans used primarily for plaiting exports surged to $22 in 2022. Overall, exports, however, saw a dramatic curtailment.

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

1. Maldives (4.0 kg)

Source: IndexBox Market Intelligence Platform