Price for Cutlery; Other than Plated with Precious Metal in Japan - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Japan (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Japan (FOB) - 2023
- Imports of Cutlery; Other than Plated with Precious Metal in Japan
- Exports of Cutlery; Other than Plated with Precious Metal in Japan
Price for Cutlery; Other than Plated with Precious Metal in Japan (CIF) - 2023
The average import price for cutlery; other than plated with precious metals stood at $14,870 per ton in November 2023, reducing by -11% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $19,133 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($29,021 per ton), while the price for China stood at $12,116 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%).
Price for Cutlery; Other than Plated with Precious Metal in Japan (FOB) - 2023
The average export price for cutlery; other than plated with precious metals stood at $23,283 per ton in November 2023, rising by 26% against the previous month. In general, export price indicated temperate growth from November 2022 to November 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for cutlery; other than plated with precious metals increased by +25.8% against October 2023 indices. The growth pace was the most rapid in May 2023 an increase of 94% month-to-month. As a result, the export price attained the peak level of $33,476 per ton. From June 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($42,270 per ton), while the average price for exports to Myanmar ($1,966 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Japan
In 2022, imports of cutlery; other than plated with precious metals into Japan rose sharply to 1.8K tons, surging by 5.5% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern.
In value terms, imports of cutlery; other than plated with precious metals rose remarkably to $26M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 16.7 | 17.2 | 19.3 | 4.7% |
| Vietnam | 2.8 | 2.4 | 1.2 | 1.8 | -13.7% |
| India | 0.3 | 0.5 | 0.3 | 0.4 | 10.1% |
| Others | 3.7 | 3.7 | 4.4 | 4.1 | 3.5% |
| Total | 23.5 | 23.3 | 23.1 | 25.6 | 2.9% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Japan in 2022:
- China (1598.9 tons)
- Vietnam (86.5 tons)
- India (22.9 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Japan
In 2022, approx. 319 tons of cutlery; other than plated with precious metals were exported from Japan; shrinking by -2.9% against the previous year's figure. In general, exports showed a deep contraction.
In value terms, exports of cutlery; other than plated with precious metals fell to $6.5M in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5.3%.
| Export of Cutlery; Other than Plated with Precious Metal in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 666 | 1,149 | 1,174 | 1,076 | 17.3% |
| United States | 1,325 | 959 | 1,460 | 925 | -11.3% |
| South Korea | 896 | 975 | 1,015 | 814 | -3.1% |
| Kuwait | 732 | 563 | 700 | 689 | -2.0% |
| Taiwan (Chinese) | 675 | 493 | 636 | 611 | -3.3% |
| United Kingdom | 284 | 279 | 403 | 385 | 10.7% |
| Saudi Arabia | 1,463 | 602 | 328 | 367 | -36.9% |
| Hong Kong SAR | 234 | 388 | 256 | 227 | -1.0% |
| Singapore | 160 | 171 | 123 | 170 | 2.0% |
| United Arab Emirates | 261 | 450 | 127 | 161 | -14.9% |
| Australia | 53.8 | 70.7 | 112 | 95.7 | 21.2% |
| Philippines | 75.6 | 136 | 56.1 | 70.6 | -2.3% |
| Myanmar | N/A | 2.4 | 7.6 | 40.7 | 311.8% |
| Others | 915 | 760 | 973 | 844 | -2.7% |
| Total | 7,740 | 6,998 | 7,371 | 6,477 | -5.8% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Japan in 2022:
- Kuwait (77.2 tons)
- Saudi Arabia (40.7 tons)
- United States (40.3 tons)
- China (25.0 tons)
- South Korea (22.0 tons)
- Taiwan (Chinese) (19.7 tons)
- Myanmar (12.7 tons)
- Singapore (12.1 tons)
- United Arab Emirates (11.6 tons)
- Hong Kong SAR (8.2 tons)
- United Kingdom (6.5 tons)
- Philippines (6.3 tons)
- Australia (5.5 tons)
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