Price for Cutlery; Other than Plated with Precious Metal in Indonesia - 2022

Contents:

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

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

In March 2022, the average export price for cutlery; other than plated with precious metals amounted to $11,348 per ton, declining by -5.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2021 when the average export price increased by 23% against the previous month. The export price peaked at $12,752 per ton in December 2021; however, from January 2022 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Germany ($14,264 per ton), while the average price for exports to the UK ($7,783 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Indonesia (CIF) - 2022

The average import price for cutlery; other than plated with precious metals stood at $1,831 per ton in March 2022, surging by 10% against the previous month. Overall, import price indicated a notable increase from March 2021 to March 2022: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for cutlery; other than plated with precious metals increased by +25.2% against November 2021 indices. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 106% against the previous month. Over the period under review, average import prices attained the maximum at $1,931 per ton in October 2021; however, from November 2021 to March 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From March 2021 to March 2022, the rate of growth in terms of prices for China amounted to +2.5% per month.

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

In 2022, exports of cutlery; other than plated with precious metals from Indonesia soared to 2.2K tons, jumping by 21% on the year before. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 27%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $28M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +82.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (1149.7 tons)
2. Germany (500.5 tons)
3. Mexico (91.8 tons)
4. Switzerland (83.8 tons)
5. United Kingdom (67.2 tons)
6. Slovakia (65.6 tons)
7. Italy (41.1 tons)
8. Ireland (36.9 tons)
9. Uruguay (36.7 tons)

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

In 2022, supplies from abroad of cutlery; other than plated with precious metals decreased by -3.7% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +40.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 15K tons, and then fell modestly in the following year.

In value terms, imports of cutlery; other than plated with precious metals expanded rapidly to $23M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (14.0K tons)

Source: IndexBox Market Intelligence Platform