Price for Cutlery; Other than Plated with Precious Metal in Belgium - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Belgium (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Belgium (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Belgium
- Exports of Cutlery; Other than Plated with Precious Metal in Belgium
Price for Cutlery; Other than Plated with Precious Metal in Belgium (CIF) - 2023
The average import price for cutlery; other than plated with precious metals stood at $5,935 per ton in October 2023, picking up by 46% against the previous month. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 1,989% against the previous month. As a result, import price reached the peak level of $11,528 per ton. From February 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($13,073 per ton), while the price for the Netherlands ($1,827 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 India (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Belgium (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $11,562 per ton in 2022, reducing by -28.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 79%. As a result, the export price attained the peak level of $20,446 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($22,289 per ton), while the average price for exports to France ($8,970 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 Russia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Belgium
In 2022, imports of cutlery; other than plated with precious metals into Belgium surged to 3.2K tons, picking up by 43% on the previous year's figure. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cutlery; other than plated with precious metals surged to $22M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +66.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 6.3 | 8.3 | 11.7 | 29.4% |
| Vietnam | 0.8 | 1.0 | 0.4 | 2.4 | 44.2% |
| Netherlands | 2.3 | 1.8 | 2.5 | 2.3 | 0.0% |
| France | 1.2 | 1.2 | 1.8 | 2.2 | 22.4% |
| Germany | 1.4 | 1.2 | 1.5 | 1.2 | -5.0% |
| Italy | 4.9 | 0.2 | 0.3 | 0.5 | -53.3% |
| India | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Others | 0.5 | 1.4 | 1.8 | 1.4 | 40.9% |
| Total | 16.8 | 13.3 | 16.9 | 22.1 | 9.6% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Belgium in 2022:
- China (1292.8 tons)
- France (1047.1 tons)
- Vietnam (318.2 tons)
- Netherlands (301.1 tons)
- India (60.4 tons)
- Germany (54.8 tons)
- Italy (20.8 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of cutlery; other than plated with precious metals, which increased by 45% to 1.6K tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cutlery; other than plated with precious metals amounted to $18M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.7 | 5.4 | 8.1 | 7.8 | 28.2% |
| Italy | 1.2 | 1.4 | 2.3 | 3.7 | 45.5% |
| Germany | 0.7 | 0.8 | 1.4 | 2.1 | 44.2% |
| Netherlands | 1.5 | 1.1 | 1.3 | 1.0 | -12.6% |
| Spain | 0.5 | 0.3 | 0.8 | 0.8 | 17.0% |
| Luxembourg | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 2.0 | 3.1 | 3.7 | 2.8 | 11.9% |
| Total | 9.9 | 12.5 | 17.9 | 18.5 | 23.2% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Belgium in 2022:
- France (872.1 tons)
- Germany (224.9 tons)
- Italy (167.9 tons)
- Netherlands (82.5 tons)
- Spain (51.1 tons)
- Luxembourg (17.7 tons)
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