Price for Cutlery; Other than Plated with Precious Metal in Spain - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Spain (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Spain (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Spain
- Exports of Cutlery; Other than Plated with Precious Metal in Spain
Price for Cutlery; Other than Plated with Precious Metal in Spain (CIF) - 2023
The average import price for cutlery; other than plated with precious metals stood at $11,370 per ton in October 2023, growing by 21% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 21% m-o-m. The import price peaked at $12,604 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($17,488 per ton), while the price for China ($8,291 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Spain (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $13,410 per ton, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2013 an increase of 33%. The export price peaked at $17,157 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($35,947 per ton), while the average price for exports to Chile ($5,585 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 Portugal (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Spain
In 2022, approx. 4.7K tons of cutlery; other than plated with precious metals were imported into Spain; picking up by 43% on 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cutlery; other than plated with precious metals surged to $44M in 2022. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 8.5 | 13.7 | 25.0 | 25.3% |
| Germany | 2.5 | 3.4 | 3.9 | 5.2 | 27.7% |
| France | 1.5 | 1.8 | 2.4 | 2.9 | 24.6% |
| Italy | 3.3 | 2.1 | 3.7 | 2.8 | -5.3% |
| Portugal | 1.2 | 1.0 | 2.1 | 2.5 | 27.7% |
| India | 1.0 | 0.7 | 1.3 | 1.7 | 19.3% |
| Vietnam | 2.2 | 1.2 | 0.5 | 1.7 | -8.2% |
| Others | 1.7 | 1.8 | 2.7 | 2.6 | 15.2% |
| Total | 26.1 | 20.5 | 30.2 | 44.4 | 19.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Spain in 2022:
- China (3165.2 tons)
- France (360.2 tons)
- Germany (312.9 tons)
- Portugal (227.4 tons)
- India (195.3 tons)
- Italy (179.5 tons)
- Vietnam (121.1 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of cutlery; other than plated with precious metals, when their volume decreased by -22% to 781 tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of 1K tons, and then reduced sharply in the following year.
In value terms, exports of cutlery; other than plated with precious metals fell to $10M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of $11M, and then declined in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,573 | 3,010 | 2,599 | 2,161 | -5.7% |
| Greece | 475 | 554 | 634 | 795 | 18.7% |
| Portugal | 857 | 716 | 736 | 762 | -3.8% |
| Dominican Republic | 715 | 290 | 311 | 686 | -1.4% |
| Italy | 502 | 535 | 924 | 665 | 9.8% |
| Germany | 543 | 1,103 | 874 | 637 | 5.5% |
| Mexico | 385 | 220 | 147 | 439 | 4.5% |
| Chile | 9.0 | 10.3 | 25.5 | 242 | 199.6% |
| Cuba | 461 | 93.2 | 63.8 | 177 | -27.3% |
| Belgium | 194 | 126 | 141 | 165 | -5.3% |
| Morocco | 75.4 | 95.6 | 90.7 | 159 | 28.2% |
| Tunisia | 56.4 | 49.4 | 44.6 | 148 | 37.9% |
| Venezuela | 1.4 | 0.1 | 39.4 | 141 | 365.3% |
| Others | 3,409 | 3,175 | 4,710 | 3,292 | -1.2% |
| Total | 10,257 | 9,978 | 11,339 | 10,469 | 0.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Spain in 2022:
- France (165.7 tons)
- Greece (73.3 tons)
- Portugal (52.8 tons)
- Italy (44.3 tons)
- Chile (43.4 tons)
- Dominican Republic (38.5 tons)
- Mexico (26.0 tons)
- Morocco (22.3 tons)
- Germany (17.7 tons)
- Belgium (16.2 tons)
- Cuba (15.9 tons)
- Venezuela (15.2 tons)
- Tunisia (13.8 tons)
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