Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana - 2022
Contents:
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (CIF) - 2022
- Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (FOB) - 2022
- Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana
- Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (CIF) - 2022
In 2022, the average import price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $3,077 per ton, waning by -18.2% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 147% against the previous year. Over the period under review, average import prices hit record highs at $3,762 per ton in 2021, and then reduced sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,717 per ton), while the price for the United Arab Emirates ($972 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (FOB) - 2022
In 2022, the average export price for furniture; of cane, osier, or similar materials (other than bamboo or rattan) amounted to $2,798 per ton, remaining constant against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $4,166 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($71,618 per ton), while the average price for exports to Niger ($1,131 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 Sierra Leone (+51.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana
In 2022, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) into Ghana expanded sharply to 5K tons, increasing by 11% against the previous year. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32%. As a result, imports reached the peak of 5.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) shrank to $15M in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 226% against the previous year.
Import of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.2 | 11.1 | 13.4 | 13.2 | 81.7% |
United Kingdom | 0.4 | 0.6 | 0.9 | 0.7 | 20.5% |
United Arab Emirates | N/A | N/A | 0.1 | 0.2 | 100.0% |
Malaysia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 1.4 | 1.9 | 2.3 | 1.1 | -7.7% |
Total | 4.2 | 13.7 | 16.9 | 15.3 | 53.9% |
Top Suppliers of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) to Ghana in 2022:
- China (3542.5 tons)
- United Kingdom (700.4 tons)
- United Arab Emirates (156.2 tons)
- Malaysia (99.0 tons)
Exports of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana
In 2022, approx. 31 tons of furniture; of cane, osier, or similar materials (other than bamboo or rattan) were exported from Ghana; falling by -45.7% compared with the previous year. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,073% against the previous year. As a result, the exports attained the peak of 58 tons, and then reduced remarkably in the following year.
In value terms, exports of furniture; of cane, osier, or similar materials (other than bamboo or rattan) reduced notably to $88K in 2022. In general, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 892% against the previous year. As a result, the exports reached the peak of $159K, and then contracted notably in the following year.
Export of Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 70.0 | 13.8 | 131 | 68.9 | -0.5% |
Niger | N/A | N/A | 1.6 | 0.9 | -43.8% |
Others | 5.9 | 2.3 | 27.0 | 17.9 | 44.8% |
Total | 75.9 | 16.1 | 159 | 87.7 | 4.9% |
Top Export Markets for Furniture; of Cane, Osier, or Similar Materials (Other than Bamboo or Rattan) from Ghana in 2022:
- India (29.3 tons)
- Niger (0.8 tons)
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