Price for Cutlery; Other than Plated with Precious Metal in Ethiopia - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Ethiopia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Ethiopia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Ethiopia
- Exports of Cutlery; Other than Plated with Precious Metal in Ethiopia
Price for Cutlery; Other than Plated with Precious Metal in Ethiopia (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $4,348 per ton, growing by 73% against the previous year. In general, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,329 per ton), while the price for India totaled $3,946 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%).
Price for Cutlery; Other than Plated with Precious Metal in Ethiopia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $3,556 per ton, which is down by -15.3% against the previous year. Over the period under review, the export price faced a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 68%. As a result, the export price attained the peak level of $11,184 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($9,940 per ton), while the average price for exports to Zambia ($782 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 Democratic Republic of the Congo (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cutlery; Other than Plated with Precious Metal in Ethiopia
In 2022, purchases abroad of cutlery; other than plated with precious metals increased by 8.3% to 999 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous setback.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $4.3M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.
| Import of Cutlery; Other than Plated with Precious Metal in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 2.0 | 2.2 | 4.2 | 4.3% |
| India | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Others | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Total | 4.4 | 2.7 | 2.3 | 4.3 | -0.8% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Ethiopia in 2022:
- China (979.1 tons)
- India (0.8 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Ethiopia
In 2022, overseas shipments of cutlery; other than plated with precious metals decreased by -46% to 5.1 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 9.1% against the previous year. As a result, the exports reached the peak of 9.7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cutlery; other than plated with precious metals dropped rapidly to $18K in 2022. Over the period under review, exports recorded a dramatic downturn. The smallest decline of -8.1% was in 2021.
| Export of Cutlery; Other than Plated with Precious Metal in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.5 | 5.3 | 1.6 | 5.0 | 49.4% |
| United Kingdom | 2.6 | 1.9 | 1.9 | 2.4 | -2.6% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 2.1 | 0% |
| Kenya | 2.3 | 0.6 | 1.1 | 1.4 | -15.3% |
| United States | 15.3 | 9.0 | 0.4 | 1.1 | -58.4% |
| Czech Republic | N/A | N/A | N/A | 0.8 | 0% |
| Vietnam | N/A | N/A | N/A | 0.6 | 0% |
| Norway | 0.6 | 1.0 | N/A | 0.6 | 0.0% |
| Lebanon | N/A | N/A | N/A | 0.5 | 0% |
| Jordan | N/A | N/A | 1.1 | 0.3 | -72.7% |
| South Africa | N/A | 0.3 | 0.1 | 0.1 | -42.3% |
| Zambia | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | 8.0 | 0.4 | 1.8 | N/A | -52.6% |
| Others | 26.0 | 24.8 | 31.9 | 3.2 | -50.3% |
| Total | 56.3 | 43.4 | 39.8 | 18.2 | -31.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Ethiopia in 2022:
- United Kingdom (2239.0 kg)
- Vietnam (530.0 kg)
- France (503.0 kg)
- Democratic Republic of the Congo (313.0 kg)
- Kenya (290.0 kg)
- Lebanon (200.0 kg)
- Jordan (178.0 kg)
- United States (174.0 kg)
- Norway (139.0 kg)
- Czech Republic (127.0 kg)
- South Africa (81.0 kg)
- Zambia (78.0 kg)
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