Price for Cutlery; Other than Plated with Precious Metal in Israel - 2024

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Israel (CIF) - 2024
2. Price for Cutlery; Other than Plated with Precious Metal in Israel (FOB) - 2022
3. Imports of Cutlery; Other than Plated with Precious Metal in Israel
4. Exports of Cutlery; Other than Plated with Precious Metal in Israel

Price for Cutlery; Other than Plated with Precious Metal in Israel (CIF) - 2024

The average import price for cutlery; other than plated with precious metals stood at $12,047 per ton in January 2024, approximately mirroring the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $12,294 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from India ($12,047 per ton) and China ($12,047 per ton), while the price for Italy ($12,047 per ton) and France ($12,047 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (-0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cutlery; other than plated with precious metals stood at $22,953 per ton in 2022, increasing by 6% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cutlery; other than plated with precious metals increased by +9.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $24,859 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($33,163 per ton), while the average price for exports to Kenya ($5,900 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 Australia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of cutlery; other than plated with precious metals into Israel reached 619 tons in 2022, with an increase of 1.6% on the previous year. Overall, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% 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 +56.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of cutlery; other than plated with precious metals soared to $8.1M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +77.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (434.8 tons)
2. Italy (56.7 tons)
3. Hong Kong SAR (32.0 tons)
4. India (25.4 tons)
5. Germany (12.4 tons)
6. Switzerland (11.2 tons)

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

Exports of cutlery; other than plated with precious metals from Israel surged to 8.8 tons in 2022, with an increase of 93% on 2021 figures. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 239%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $201K in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 250%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (5.6 tons)
2. Germany (1.2 tons)
3. Kenya (0.7 tons)
4. Australia (0.4 tons)
5. United Kingdom (0.3 tons)
6. France (0.2 tons)

Source: IndexBox Market Intelligence Platform