Price for Cutlery; Other than Plated with Precious Metal in Bangladesh - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Bangladesh (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Bangladesh (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Bangladesh
- Exports of Cutlery; Other than Plated with Precious Metal in Bangladesh
Price for Cutlery; Other than Plated with Precious Metal in Bangladesh (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $7,397 per ton in 2022, surging by 25% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cutlery; other than plated with precious metals increased by +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 59%. Over the period under review, average import prices hit record highs at $7,512 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,423 per ton), while the price for India stood at $2,501 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.4%).
Price for Cutlery; Other than Plated with Precious Metal in Bangladesh (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $8,057 per ton, approximately equating the previous year. Overall, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $9,755 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($16,834 per ton), while the average price for exports to Costa Rica ($791 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 Germany (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Cutlery; Other than Plated with Precious Metal in Bangladesh
For the third year in a row, Bangladesh recorded decline in supplies from abroad of cutlery; other than plated with precious metals, which decreased by -10.7% to 1K tons in 2022. Over the period under review, imports showed a abrupt setback. The smallest decline of -8.1% was in 2021.
In value terms, imports of cutlery; other than plated with precious metals rose markedly to $7.4M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 6.8 | 6.6 | 7.4 | 4.4% |
| India | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 6.7 | 7.1 | 6.7 | 7.4 | 3.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Bangladesh in 2022:
- China (990.4 tons)
- India (10.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Bangladesh
In 2022, approx. 46 tons of cutlery; other than plated with precious metals were exported from Bangladesh; increasing by 161% compared with 2021 figures. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $373K in 2022. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 218 | 96.9 | 110 | 194 | -3.8% |
| United Arab Emirates | 0.2 | 2.1 | 5.0 | 91.2 | 669.7% |
| China | 0.1 | N/A | N/A | 52.6 | 707.2% |
| Timor-Leste | N/A | N/A | N/A | 12.6 | 0% |
| France | 1.2 | N/A | N/A | 5.1 | 62.0% |
| Costa Rica | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Poland | 38.1 | 28.2 | N/A | 0.7 | -73.6% |
| Germany | 19.8 | 0.4 | 14.7 | 0.1 | -82.8% |
| Hong Kong SAR | 1.7 | 19.6 | 3.3 | N/A | 39.3% |
| Others | 9.5 | 5.7 | 7.9 | 16.0 | 19.0% |
| Total | 289 | 153 | 142 | 373 | 8.9% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Bangladesh in 2022:
- United Kingdom (28.2 tons)
- United Arab Emirates (9.7 tons)
- China (3.1 tons)
- Costa Rica (1.2 tons)
- France (1.1 tons)
- Timor-Leste (1.1 tons)
- Poland (0.1 tons)
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