Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar (FOB) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $94 per unit in 2022, growing by 231% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($124 per unit), while the average price for exports to Indonesia ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar
After three years of growth, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -94.1% to 1.4K units in 2022. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 24K units, and then shrank markedly in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use dropped significantly to $131K in 2022. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 0.6%. As a result, the exports reached the peak of $806K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 20.5 | 78.9 | 129 | 120 | 80.2% |
| Indonesia | N/A | 0.5 | N/A | 8.0 | 300.0% |
| Singapore | 28.0 | 1.6 | 1.2 | 2.2 | -57.2% |
| South Korea | 91.0 | 0.1 | N/A | N/A | -99.9% |
| Thailand | 106 | 87.6 | 57.3 | N/A | -26.5% |
| Belgium | 226 | 345 | 166 | N/A | -14.3% |
| United States | 142 | 146 | 137 | N/A | -1.8% |
| Taiwan (Chinese) | N/A | 1.6 | 9.6 | N/A | 500.0% |
| Qatar | N/A | N/A | 98.3 | N/A | 0% |
| Others | 188 | 145 | 69.3 | 0.1 | -91.9% |
| Total | 802 | 806 | 668 | 131 | -45.3% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Myanmar in 2022:
- Australia (973.0 units)
- Indonesia (370.0 units)
- Singapore (41.0 units)
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