Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria (CIF) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria (CIF) - 2022
The average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) stood at $2,362 per ton in 2022, reducing by -20.3% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 92% against the previous year. The import price peaked at $5,824 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 South Africa ($13,075 per ton), while the price for the United Arab Emirates ($1,657 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria
In 2022, the amount of furniture; of cane, osier, or similar materials (other than bamboo or rattan) imported into Nigeria soared to 358 tons, rising by 83% on 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 178%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) skyrocketed to $845K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 435%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 2.9 | 140 | 562 | 67.8% |
| Turkey | 50.5 | 6.5 | 5.6 | 159 | 46.6% |
| United Arab Emirates | 16.2 | 94.1 | 139 | 3.3 | -41.2% |
| Germany | 31.9 | N/A | 14.7 | N/A | -32.1% |
| Others | 89.3 | 4.5 | 278 | 120 | 10.4% |
| Total | 307 | 108 | 578 | 845 | 40.1% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Nigeria in 2022:
- China (324.8 tons)
- Turkey (27.4 tons)
- United Arab Emirates (2.0 tons)
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