Price for Rattans Used Primarily for Plaiting in Ecuador - 2022

Price for Rattans Used Primarily for Plaiting in Ecuador (CIF) - 2022

The average import price for rattans used primarily for plaitings stood at $11,984 per ton in 2022, dropping by -3.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $14,520 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,000 per ton), while the price for China stood at $11,737 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Imports of Rattans Used Primarily for Plaiting in Ecuador

In 2022, the amount of rattans used primarily for plaitings imported into Ecuador shrank remarkably to 751 kg, which is down by -33.2% against the previous year's figure. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 200% against the previous year. As a result, imports attained the peak of 1.1 tons, and then dropped notably in the following year.

In value terms, rattans used primarily for plaiting imports declined dramatically to $9K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 250% against the previous year. As a result, imports attained the peak of $14K, and then shrank significantly in the following year.