Price for Cutlery; Other than Plated with Precious Metal in Latvia - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Latvia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Latvia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Latvia
- Exports of Cutlery; Other than Plated with Precious Metal in Latvia
Price for Cutlery; Other than Plated with Precious Metal in Latvia (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $12,212 per ton, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $15,143 per ton in 2014; however, from 2015 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 Sweden ($59,683 per ton), while the price for China ($6,497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Latvia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $19,842 per ton, dropping by -12.2% against the previous year. In general, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 114%. Over the period under review, the average export prices hit record highs at $24,125 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($111,037 per ton), while the average price for exports to Spain ($6,842 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 Russia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Latvia
In 2022, imports of cutlery; other than plated with precious metals into Latvia skyrocketed to 134 tons, picking up by 20% on the previous year's figure. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $1.6M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +44.1% against 2020 indices. 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 Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 176 | 216 | 149 | 430 | 34.7% |
Lithuania | 388 | 319 | 292 | 217 | -17.6% |
Germany | 115 | 118 | 141 | 181 | 16.3% |
China | 140 | 99.8 | 120 | 177 | 8.1% |
Poland | 76.9 | 87.6 | 110 | 103 | 10.2% |
Estonia | 30.3 | 96.4 | 77.8 | 76.8 | 36.3% |
Italy | 78.8 | 38.5 | 68.9 | 64.6 | -6.4% |
Finland | 43.8 | 34.5 | 65.9 | 60.0 | 11.1% |
Netherlands | 16.8 | 10.6 | 25.9 | 57.7 | 50.9% |
Czech Republic | 33.8 | 26.8 | 26.8 | 25.2 | -9.3% |
Others | 113 | 86.4 | 128 | 241 | 28.7% |
Total | 1,211 | 1,134 | 1,206 | 1,634 | 10.5% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Latvia in 2022:
- Brazil (32.0 tons)
- China (27.3 tons)
- Lithuania (18.3 tons)
- Germany (13.1 tons)
- Poland (10.5 tons)
- Estonia (7.0 tons)
- Netherlands (5.6 tons)
- Finland (3.9 tons)
- Czech Republic (2.8 tons)
- Italy (1.8 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Latvia
In 2022, approx. 27 tons of cutlery; other than plated with precious metals were exported from Latvia; rising by 46% on 2021 figures. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +83.4% against 2020 indices. As a result, the exports attained 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 $531K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.2% 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 +100.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Cutlery; Other than Plated with Precious Metal in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 175 | 131 | 135 | 211 | 6.4% |
Lithuania | 56.0 | 76.5 | 111 | 128 | 31.7% |
Russia | 24.1 | 103 | 115 | 127 | 74.0% |
Spain | 1.1 | 22.3 | 36.2 | 41.8 | 236.2% |
Others | 8.6 | 19.5 | 17.9 | 23.1 | 39.0% |
Total | 265 | 352 | 416 | 531 | 26.1% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Latvia in 2022:
- Estonia (10.1 tons)
- Lithuania (8.8 tons)
- Spain (6.1 tons)
- Russia (1.1 tons)
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