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

Contents:

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

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

The average export price for rattans used primarily for plaitings stood at $20,961 per ton in 2022, with an increase of 78% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 an increase of 89% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($34,256 per ton), while the average price for exports to China ($4,011 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Rattans Used Primarily for Plaiting in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for rattans used primarily for plaitings amounted to $5,272 per ton, shrinking by -9.9% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 49% against the previous year. The import price peaked at $7,416 per ton in 2020; however, from 2021 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 Indonesia ($11,774 per ton), while the price for the Philippines ($142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Rattans Used Primarily for Plaiting in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of rattans used primarily for plaitings, which decreased by -68.9% to 13 tons in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -7.1% was in 2020.

In value terms, rattans used primarily for plaiting exports shrank notably to $271K in 2022. Overall, exports showed a dramatic descent. The smallest decline of -13.2% was in 2020.

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

1. United States (6.0 tons)
2. Australia (1.9 tons)
3. Denmark (1.8 tons)
4. China (1.0 tons)
5. Peru (0.8 tons)
6. New Zealand (0.7 tons)
7. Italy (0.6 tons)

Imports of Rattans Used Primarily for Plaiting in Hong Kong SAR

In 2022, the amount of rattans used primarily for plaitings imported into Hong Kong SAR surged to 66 tons, with an increase of 616% compared with the previous year. Overall, imports, however, showed a perceptible contraction.

In value terms, rattans used primarily for plaiting imports surged to $348K in 2022. In general, imports, however, faced a deep reduction.

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

1. Philippines (30.2 tons)
2. Malaysia (26.3 tons)
3. Indonesia (3.8 tons)
4. China (3.1 tons)
5. Singapore (1.8 tons)

Source: IndexBox Market Intelligence Platform