Price for Cutlery; Other than Plated with Precious Metal in Brazil - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Brazil (FOB) - 2024
- Price for Cutlery; Other than Plated with Precious Metal in Brazil (CIF) - 2024
- Exports of Cutlery; Other than Plated with Precious Metal in Brazil
- Imports of Cutlery; Other than Plated with Precious Metal in Brazil
Price for Cutlery; Other than Plated with Precious Metal in Brazil (FOB) - 2024
In February 2024, the average export price for cutlery; other than plated with precious metals amounted to $10,523 per ton, falling by -12.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 22% month-to-month. The export price peaked at $12,073 per ton in January 2024, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($16,021 per ton), while the average price for exports to Paraguay ($8,464 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Brazil (CIF) - 2024
In February 2024, the average import price for cutlery; other than plated with precious metals amounted to $2,546 per ton, growing by 8.7% against the previous month. Overall, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 36% month-to-month. Over the period under review, average import prices attained the maximum at $3,519 per ton in February 2023; however, from March 2023 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was India ($4,254 per ton), while the price for Hong Kong SAR ($2,323 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.7%), while the prices for the other major suppliers experienced a decline.
Exports of Cutlery; Other than Plated with Precious Metal in Brazil
In 2022, approx. 2.1K tons of cutlery; other than plated with precious metals were exported from Brazil; approximately equating the previous year. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 41%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cutlery; other than plated with precious metals expanded sharply to $21M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Cutlery; Other than Plated with Precious Metal in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 2.7 | 2.6 | 3.5 | 4.7 | 20.3% |
| United States | 1.5 | 1.5 | 1.9 | 2.8 | 23.1% |
| Mexico | 2.5 | 2.0 | 3.2 | 2.4 | -1.4% |
| Paraguay | 2.7 | 1.2 | 1.9 | 2.2 | -6.6% |
| Bolivia | 1.0 | 0.6 | 1.6 | 1.7 | 19.3% |
| Ecuador | 0.8 | 0.6 | 0.7 | 0.9 | 4.0% |
| Uruguay | 0.6 | 0.5 | 0.7 | 0.8 | 10.1% |
| Colombia | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Chile | 0.4 | 0.3 | 0.8 | 0.6 | 14.5% |
| Others | 3.1 | 2.7 | 3.6 | 3.9 | 8.0% |
| Total | 15.8 | 12.2 | 18.2 | 20.7 | 9.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Brazil in 2022:
- United States (450.7 tons)
- Argentina (441.9 tons)
- Mexico (303.5 tons)
- Paraguay (233.8 tons)
- Bolivia (174.8 tons)
- Uruguay (66.6 tons)
- Ecuador (66.5 tons)
- Colombia (49.3 tons)
- Chile (40.5 tons)
Imports of Cutlery; Other than Plated with Precious Metal in Brazil
After three years of growth, overseas purchases of cutlery; other than plated with precious metals decreased by -14.6% to 3.9K tons in 2022. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 7.1% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals shrank dramatically to $12M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of $15M, and then shrank rapidly in the following year.
| Import of Cutlery; Other than Plated with Precious Metal in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 8.6 | 12.5 | 10.0 | 5.6% |
| India | 1.7 | 0.8 | 1.4 | 1.0 | -16.2% |
| Hong Kong SAR | 0.4 | 0.6 | 0.5 | 0.4 | 0.0% |
| Others | 1.5 | 3.3 | 0.8 | 0.8 | -18.9% |
| Total | 12.1 | 13.3 | 15.1 | 12.2 | 0.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Brazil in 2022:
- China (3552.1 tons)
- India (176.5 tons)
- Hong Kong SAR (137.3 tons)
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