Price for Cutlery; Other than Plated with Precious Metal in Iraq - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Iraq (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Iraq (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Iraq
- Exports of Cutlery; Other than Plated with Precious Metal in Iraq
Price for Cutlery; Other than Plated with Precious Metal in Iraq (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $4,868 per ton, increasing by 3.8% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $6,281 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 China ($6,435 per ton), while the price for the United Arab Emirates ($1,361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Iraq (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $6,726 per ton, surging by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $18,625 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($17,571 per ton), while the average price for exports to Germany ($5,139 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 Germany (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Iraq
In 2022, supplies from abroad of cutlery; other than plated with precious metals increased by 8.6% to 7.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced reduction.
In value terms, imports of cutlery; other than plated with precious metals expanded sharply to $37M in 2022. Overall, imports, however, continue to indicate a deep setback.
| Import of Cutlery; Other than Plated with Precious Metal in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.1 | 30.0 | 27.4 | 26.7 | -5.0% |
| Netherlands | 11.5 | 3.5 | 3.3 | 6.5 | -17.3% |
| United Arab Emirates | 1.5 | 1.4 | 1.5 | 3.0 | 26.0% |
| Others | 0.5 | 0.5 | 0.7 | 0.9 | 21.6% |
| Total | 44.6 | 35.5 | 32.9 | 37.1 | -6.0% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Iraq in 2022:
- China (4.1K tons)
- United Arab Emirates (2.2K tons)
- Netherlands (1.1K tons)
Exports of Cutlery; Other than Plated with Precious Metal in Iraq
In 2022, the amount of cutlery; other than plated with precious metals exported from Iraq soared to 2.1 tons, with an increase of 52% against the previous year. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $14K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +76.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.1 | 3.7 | 8.4 | 9.7 | 11.0% |
| Germany | N/A | 0.2 | N/A | 2.8 | 274.2% |
| United Kingdom | N/A | N/A | N/A | 1.7 | 0% |
| United States | N/A | 4.0 | N/A | N/A | 0% |
| Others | 2.3 | 0.2 | 0.1 | 0.1 | -64.8% |
| Total | 9.4 | 8.2 | 8.5 | 14.3 | 15.0% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Iraq in 2022:
- Netherlands (1297.0 kg)
- Germany (553.0 kg)
- United Kingdom (276.0 kg)
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