Price for Cutlery; Other than Plated with Precious Metal in Finland - 2023

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Finland (CIF) - 2023
2. Price for Cutlery; Other than Plated with Precious Metal in Finland (FOB) - 2022
3. Imports of Cutlery; Other than Plated with Precious Metal in Finland
4. Exports of Cutlery; Other than Plated with Precious Metal in Finland

Price for Cutlery; Other than Plated with Precious Metal in Finland (CIF) - 2023

In October 2023, the average import price for cutlery; other than plated with precious metals amounted to $26,649 per ton, increasing by 16% against the previous month. Over the period under review, import price indicated a moderate expansion from November 2022 to October 2023: its price increased at an average monthly rate of +2.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cutlery; other than plated with precious metals increased by +55.8% against June 2023 indices. The growth pace was the most rapid in March 2023 when the average import price increased by 25% month-to-month. Over the period under review, average import prices hit record highs in October 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($44,781 per ton), while the price for China ($12,588 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 Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Finland (FOB) - 2022

In 2022, the average export price for cutlery; other than plated with precious metals amounted to $25,222 per ton, falling by -10.3% against the previous year. Overall, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $37,195 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($51,114 per ton), while the average price for exports to Estonia ($18,067 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 the United States (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Cutlery; Other than Plated with Precious Metal in Finland

In 2022, imports of cutlery; other than plated with precious metals into Finland surged to 347 tons, rising by 33% compared with 2021 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cutlery; other than plated with precious metals surged to $5.9M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 +67.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cutlery; Other than Plated with Precious Metal to Finland in 2022:

1. China (163.8 tons)
2. Netherlands (40.1 tons)
3. Vietnam (40.1 tons)
4. Germany (24.7 tons)
5. Italy (22.0 tons)
6. Sweden (18.7 tons)
7. Denmark (11.4 tons)

Exports of Cutlery; Other than Plated with Precious Metal in Finland

Exports of cutlery; other than plated with precious metals from Finland fell to 37 tons in 2022, waning by -10% compared with the previous year's figure. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 3.5%.

In value terms, exports of cutlery; other than plated with precious metals fell markedly to $937K in 2022. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 7.8%.

Top Export Markets for Cutlery; Other than Plated with Precious Metal from Finland in 2022:

1. Sweden (11.4 tons)
2. Estonia (8.6 tons)
3. Denmark (4.9 tons)
4. Latvia (3.1 tons)
5. Lithuania (1.1 tons)
6. Iceland (1.0 tons)
7. Germany (1.0 tons)
8. United States (0.9 tons)
9. Netherlands (0.8 tons)
10. Norway (0.6 tons)
11. Japan (0.5 tons)
12. Russia (0.4 tons)

Source: IndexBox Market Intelligence Platform