Report Update: Nov 1, 2024

China - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights

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Plaits and Basketwork Prices in China

China Plaits and Basketwork Export Price in September 2022

In September 2022, the plaits and basketwork price amounted to $7,303 per ton (FOB, China), increasing by 8.9% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in June 2022 an increase of 12% month-to-month. Over the period under review, the average export prices hit record highs in September 2022.

There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Thailand ($19.8 per kg), while the average price for exports to Israel ($1,216 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

China Plaits and Basketwork Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($9,359 per ton), while the average price for exports of plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not stood at $3,494 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not (+1.2%).

China Plaits and Basketwork Exports

In September 2022, plaits and basketwork exports from China reduced to 17K tons, falling by -10.1% compared with the month before. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in March 2022 with an increase of 30% m-o-m. The exports peaked at 35K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

In value terms, plaits and basketwork exports contracted modestly to $124M (IndexBox estimates) in September 2022. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in March 2022 with an increase of 16% m-o-m. Over the period under review, the exports attained the peak figure at 235K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

China Plaits and Basketwork Exports by Type

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (11K tons) and plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not (6K tons) were the main products of plaits and basketwork exports from China.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah (with a CAGR of -8.0%).

In value terms, basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah ($103M) remains the largest type of plaits and basketwork exported from China, comprising 83% of total exports. The second position in the ranking was held by plaits and similar products of plaiting materials, assembled into strips or not; plaiting materials, plaits and the like bound together in parallel strands or woven in sheet form, finished articles or not ($21M), with a 17% share of total exports.

From January 2022 to September 2022, the average monthly growth rate of the export volume of basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah amounted to -7.4%.

China Plaits and Basketwork Exports by Country

The United States (4.1K tons), Japan (2.3K tons) and the Netherlands (1.2K tons) were the main destinations of plaits and basketwork exports from China, with a combined 45% share of total exports. These countries were followed by France, Australia, the UK, Germany, Thailand, Israel, Vietnam, Italy, Canada and Poland, which together accounted for a further 34%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +15.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($32M) remains the key foreign market for plaits and basketwork exports from China, comprising 25% of total exports. The second position in the ranking was held by Japan ($13M), with a 10% share of total exports. It was followed by Thailand, with a 10% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of value to the United States stood at -8.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-3.1% per month) and Thailand (+28.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaits and basketwork market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023