Price for Bamboo Used Primarily for Plaiting in Hong Kong SAR - 2023

Contents:

1. Price for Bamboo Used Primarily for Plaiting in Hong Kong SAR (CIF) - 2023
2. Price for Bamboo Used Primarily for Plaiting in Hong Kong SAR (FOB) - 2022
3. Imports of Bamboo Used Primarily for Plaiting in Hong Kong SAR
4. Exports of Bamboo Used Primarily for Plaiting in Hong Kong SAR

Price for Bamboo Used Primarily for Plaiting in Hong Kong SAR (CIF) - 2023

In June 2023, the average import price for bamboo used primarily for plaitings amounted to $158 per ton, falling by -17.7% against the previous month. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in February 2023 an increase of 71% against the previous month. As a result, import price attained the peak level of $274 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.

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

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.3% per month.

Price for Bamboo Used Primarily for Plaiting in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for bamboo used primarily for plaitings amounted to $623 per ton, with a decrease of -8.9% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 71%. Over the period under review, the average export prices hit record highs at $1,857 per ton in 2017; however, from 2018 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +39.7% per year.

Imports of Bamboo Used Primarily for Plaiting in Hong Kong SAR

Bamboo used primarily for plaiting imports into Hong Kong SAR shrank sharply to 12K tons in 2022, which is down by -56.7% on 2021. Over the period under review, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.

In value terms, bamboo used primarily for plaiting imports fell significantly to $3.1M in 2022. Overall, imports faced a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $6.8M, and then fell markedly in the following year.

Top Suppliers of Bamboo Used Primarily for Plaiting to Hong Kong SAR in 2022:

1. China (12.2K tons)

Exports of Bamboo Used Primarily for Plaiting in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of bamboo used primarily for plaitings, which decreased by -92.9% to 3.9 tons in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of -50.8% was in 2020.

In value terms, bamboo used primarily for plaiting exports shrank rapidly to $2.5K in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -25% was in 2020.

Top Export Markets for Bamboo Used Primarily for Plaiting from Hong Kong SAR in 2022:

1. United States (3.9 tons)

Source: IndexBox Market Intelligence Platform