Price for Cutlery; Other than Plated with Precious Metal in Ghana - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Ghana (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Ghana (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Ghana
- Exports of Cutlery; Other than Plated with Precious Metal in Ghana
Price for Cutlery; Other than Plated with Precious Metal in Ghana (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $880 per ton in 2022, falling by -36.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. The import price peaked at $1,387 per ton in 2021, and then fell markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,823 per ton), while the price for China ($645 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Ghana (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $637 per ton, which is down by -62% against the previous year. In general, the export price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2019 an increase of 355% against the previous year. The export price peaked at $6,972 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,454 per ton), while the average price for exports to Kenya ($30 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 (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Ghana
In 2022, after two years of decline, there was significant decline in purchases abroad of cutlery; other than plated with precious metals, when their volume decreased by -25.9% to 363 tons. Over the period under review, imports recorded a abrupt downturn.
In value terms, imports of cutlery; other than plated with precious metals fell dramatically to $319K in 2022. Overall, imports showed a pronounced reduction.
| Import of Cutlery; Other than Plated with Precious Metal in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 259 | N/A | 509 | 210 | -6.8% |
| India | 35.4 | N/A | 81.9 | 40.1 | 4.2% |
| South Africa | 18.9 | N/A | 11.7 | 10.1 | -18.9% |
| United Arab Emirates | 4.6 | N/A | 5.9 | 6.6 | 12.8% |
| Others | 36.7 | N/A | 71.1 | 53.0 | 13.0% |
| Total | 354 | N/A | 680 | 319 | -3.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Ghana in 2022:
- China (324.8 tons)
- India (8.3 tons)
- South Africa (6.3 tons)
- United Arab Emirates (5.1 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Ghana
In 2022, after two years of decline, there was significant decline in shipments abroad of cutlery; other than plated with precious metals, when their volume decreased by -75.3% to 1.4 tons. Over the period under review, exports saw a precipitous decrease.
In value terms, exports of cutlery; other than plated with precious metals fell remarkably to $884 in 2022. Overall, exports recorded a significant decrease.
| Export of Cutlery; Other than Plated with Precious Metal in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | N/A | 1.4 | 0.4 | 0.0% |
| Cote d'Ivoire | 0.2 | N/A | 0.4 | 0.2 | 0.0% |
| United Kingdom | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Belgium | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | N/A | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Togo | 58.6 | N/A | 5.3 | N/A | -69.9% |
| Trinidad and Tobago | N/A | N/A | N/A | N/A | 0% |
| South Africa | 0.7 | N/A | N/A | N/A | 0% |
| Canada | 0.1 | N/A | 2.2 | N/A | 369.0% |
| Others | 0.6 | N/A | N/A | 0.1 | -45.0% |
| Total | 60.8 | N/A | 9.4 | 0.9 | -75.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Ghana in 2022:
- United Kingdom (459.0 kg)
- Kenya (336.0 kg)
- United States (269.0 kg)
- Cote d'Ivoire (204.0 kg)
- Thailand (50.0 kg)
- Belgium (48.0 kg)
- Canada (14.0 kg)
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