Global Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size

In 2022, the global plaits and basketwork market increased by 0.3% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Plaits And Basketwork Production

In value terms, plaits and basketwork production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 27%. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Plaits And Basketwork Exports

Exports

After five years of growth, shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -9% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, plaits and basketwork exports shrank to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China represented the largest exporter of plaits, basketwork, wickerwork and similar products of plaiting materials in the world, with the volume of exports recording X tons, which was near 50% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with an 11% share, followed by Indonesia (5.5%) and Poland (5.5%). India (X tons), the Netherlands (X tons), Spain (X tons), Togo (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, India (+38.3%), Bangladesh (+23.2%), Spain (+16.5%), the Netherlands (+13.7%), Poland (+9.6%), Togo (+4.1%), Vietnam (+3.6%) and Indonesia (+3.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.3% from 2012-2022. India (+4 p.p.), Poland (+3.2 p.p.), Vietnam (+2.9 p.p.) and the Netherlands (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -18.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plaits and basketwork supplier worldwide, comprising 55% of global exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of global exports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+9.9% per year) and Indonesia (+8.5% per year).

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, picking up by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 an increase of 12%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the other global leaders experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports

After four years of growth, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -11.1% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, plaits and basketwork imports reached $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) represented the major importer of plaits, basketwork, wickerwork and similar products of plaiting materials, comprising 30% of total imports. Japan (X tons) ranks second in terms of the total imports with a 7.1% share, followed by France (6.6%), Germany (6.6%), the Netherlands (4.7%) and the UK (4.7%). Spain (X tons), Italy (X tons), Vietnam (X tons), Poland (X tons), Greece (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plaits and basketwork imports into the United States stood at +5.2%. At the same time, Vietnam (+43.6%), Greece (+13.9%), Poland (+8.5%), Spain (+4.8%), France (+3.5%), the Netherlands (+3.5%) and the UK (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +43.6% from 2012-2022. Germany and Italy experienced a relatively flat trend pattern. By contrast, Australia (-4.0%) and Japan (-8.6%) illustrated a downward trend over the same period. The United States (+10 p.p.), Vietnam (+2.5 p.p.) and France (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -11.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials worldwide, comprising 27% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.1% share of global imports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.2%. In the other countries, the average annual rates were as follows: Germany (+4.3% per year) and France (+7.9% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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