Price for Cutlery; Other than Plated with Precious Metal in Azerbaijan - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Azerbaijan (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Azerbaijan (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Azerbaijan
- Exports of Cutlery; Other than Plated with Precious Metal in Azerbaijan
Price for Cutlery; Other than Plated with Precious Metal in Azerbaijan (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $2,974 per ton in 2022, picking up by 4.7% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 572% against the previous year. As a result, import price attained the peak level of $22,098 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($10,427 per ton), while the price for China totaled $2,521 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+22.6%).
Price for Cutlery; Other than Plated with Precious Metal in Azerbaijan (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $2,629 per ton, increasing by 25% against the previous year. In general, export price indicated a mild expansion from 2013 to 2022: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cutlery; other than plated with precious metals increased by +55.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,922 per ton), while the average price for exports to Turkey ($736 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Azerbaijan
In 2022, imports of cutlery; other than plated with precious metals into Azerbaijan reduced notably to 436 tons, waning by -21.2% against the previous year's figure. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of 554 tons, and then reduced notably in the following year.
In value terms, imports of cutlery; other than plated with precious metals contracted remarkably to $1.3M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $1.6M, and then shrank rapidly in the following year.
| Import of Cutlery; Other than Plated with Precious Metal in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 870 | 947 | 1,292 | 1,037 | 6.0% |
| Turkey | 64.7 | 61.5 | 123 | 147 | 31.5% |
| Others | 152 | 103 | 159 | 114 | -9.1% |
| Total | 1,087 | 1,112 | 1,574 | 1,297 | 6.1% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Azerbaijan in 2022:
- China (411.3 tons)
- Turkey (14.1 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Azerbaijan
In 2022, overseas shipments of cutlery; other than plated with precious metals decreased by -56.1% to 7.1 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports reached the peak of 16 tons, and then fell notably in the following year.
In value terms, exports of cutlery; other than plated with precious metals shrank notably to $19K in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. As a result, the exports attained the peak of $34K, and then shrank rapidly in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.3 | 6.4 | 7.6 | 5.6 | -12.3% |
| Latvia | N/A | N/A | N/A | 1.7 | 0% |
| France | N/A | 1.5 | 3.0 | 1.4 | -3.4% |
| Bulgaria | N/A | N/A | N/A | 1.3 | 0% |
| United States | 1.8 | 3.0 | 2.1 | 1.0 | -17.8% |
| Canada | N/A | 0.4 | 0.5 | 0.9 | 50.0% |
| Germany | 0.4 | N/A | 0.6 | 0.7 | 20.5% |
| Russia | 0.5 | 1.0 | 10.8 | 0.6 | 6.3% |
| Turkey | 0.1 | N/A | 0.9 | 0.5 | 71.0% |
| Netherlands | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Oman | N/A | 0.5 | 0.2 | 0.4 | -10.6% |
| China | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Belgium | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Others | 2.0 | 4.2 | 7.6 | 3.5 | 20.5% |
| Total | 13.3 | 17.2 | 33.8 | 18.6 | 11.8% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Azerbaijan in 2022:
- Latvia (1400.0 kg)
- United Kingdom (1335.0 kg)
- Turkey (700.0 kg)
- Bulgaria (500.0 kg)
- France (396.0 kg)
- Germany (370.0 kg)
- Canada (336.0 kg)
- Russia (336.0 kg)
- Netherlands (220.0 kg)
- United States (205.0 kg)
- Oman (146.0 kg)
- China (134.0 kg)
- Belgium (127.0 kg)
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