Price for Cutlery; Other than Plated with Precious Metal in Kenya - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Kenya (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Kenya (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Kenya
- Exports of Cutlery; Other than Plated with Precious Metal in Kenya
Price for Cutlery; Other than Plated with Precious Metal in Kenya (CIF) - 2022
In December 2021, the average import price for cutlery; other than plated with precious metals amounted to $1,446 per ton, reducing by -2% against the previous month. Over the period under review, the import price recorded a slight decrease. The growth pace was the most rapid in June 2021 an increase of 54% against the previous month. Over the period under review, average import prices attained the maximum at $2,212 per ton in February 2021; however, from March 2021 to December 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($1,570 per ton), while the price for the United States ($722 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Kenya (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $10,381 per ton in 2022, picking up by 92% against the previous year. Overall, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($19,669 per ton), while the average price for exports to Indonesia ($2,895 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 Switzerland (+64.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Kenya
In 2022, the amount of cutlery; other than plated with precious metals imported into Kenya expanded slightly to 885 tons, picking up by 4.8% on the previous year's figure. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 67%.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $1.7M in 2022. Overall, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.0% 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 +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,211 | 653 | 946 | 1,297 | 2.3% |
| India | 107 | 211 | 252 | 178 | 18.5% |
| United States | 75.9 | 42.6 | 35.4 | 65.2 | -4.9% |
| Canada | 77.2 | 36.7 | 32.0 | 36.3 | -22.2% |
| Others | 221 | 90.5 | 98.1 | 166 | -9.1% |
| Total | 1,692 | 1,034 | 1,363 | 1,744 | 1.0% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Kenya in 2022:
- China (715.0 tons)
- United States (62.4 tons)
- India (41.0 tons)
- Canada (29.9 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Kenya
In 2022, exports of cutlery; other than plated with precious metals from Kenya fell markedly to 4.9 tons, dropping by -72% compared with the year before. Overall, exports recorded a sharp slump. The smallest decline of -0.6% was in 2021.
In value terms, exports of cutlery; other than plated with precious metals dropped notably to $50K in 2022. In general, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 14%.
| Export of Cutlery; Other than Plated with Precious Metal in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 58.8 | 34.6 | 57.8 | 13.7 | -38.5% |
| Switzerland | 0.1 | 0.9 | 0.6 | 12.0 | 393.2% |
| Indonesia | N/A | N/A | N/A | 2.9 | 0% |
| Ethiopia | 15.0 | 5.2 | 3.8 | 2.4 | -45.7% |
| Somalia | 3.7 | 0.3 | 0.1 | 1.5 | -26.0% |
| Burundi | 6.0 | N/A | 0.5 | 1.1 | -43.2% |
| South Sudan | 22.9 | 30.3 | 1.9 | 0.9 | -66.0% |
| Tanzania | 4.9 | 0.3 | 2.5 | 0.1 | -72.7% |
| Sri Lanka | 7.7 | 2.0 | 2.3 | N/A | -45.3% |
| Italy | 6.0 | 1.4 | 1.4 | N/A | -51.7% |
| Others | 25.9 | 7.4 | 23.0 | 15.9 | -15.0% |
| Total | 151 | 82.2 | 93.9 | 50.5 | -30.6% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Kenya in 2022:
- Democratic Republic of the Congo (2008.0 kg)
- Indonesia (1000.0 kg)
- Switzerland (608.0 kg)
- Somalia (325.0 kg)
- South Sudan (302.0 kg)
- Ethiopia (134.0 kg)
- Burundi (133.0 kg)
- Tanzania (17.0 kg)
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