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

Contents:

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

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

The average import price for cutlery; other than plated with precious metals stood at $18,026 per ton in October 2023, increasing by 45% against the previous month. Overall, import price indicated a strong increase from November 2022 to October 2023: its price increased at an average monthly rate of +5.8% 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 +82.1% against August 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 55% month-to-month. Over the period under review, average import prices attained the peak figure in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Vietnam ($42,770 per ton), while the price for India ($10,264 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 China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cutlery; other than plated with precious metals amounted to $9,767 per ton, growing by 11% against the previous year. In general, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 85% against the previous year. Over the period under review, the average export prices reached the maximum at $18,409 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($36,185 per ton), while the average price for exports to the UK ($8,407 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 Norway (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

After two years of decline, purchases abroad of cutlery; other than plated with precious metals increased by 41% to 430 tons in 2022. The total import volume increased at an average annual rate of +2.0% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $4.3M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (304.5 tons)
2. India (34.8 tons)
3. Germany (29.6 tons)
4. United Kingdom (18.8 tons)
5. Netherlands (10.2 tons)
6. Japan (6.6 tons)
7. Vietnam (4.9 tons)

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

In 2022, the amount of cutlery; other than plated with precious metals exported from Ireland shrank dramatically to 8.3 tons, reducing by -48.6% on 2021 figures. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 166% against the previous year. As a result, the exports attained the peak of 16 tons, and then reduced notably in the following year.

In value terms, exports of cutlery; other than plated with precious metals fell markedly to $81K in 2022. Over the period under review, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 204%. As a result, the exports reached the peak of $143K, and then contracted significantly in the following year.

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

1. United Kingdom (7.5 tons)
2. Germany (0.3 tons)
3. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform