Price for Cutlery; Other than Plated with Precious Metal in Malaysia - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Malaysia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Malaysia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Malaysia
- Exports of Cutlery; Other than Plated with Precious Metal in Malaysia
Price for Cutlery; Other than Plated with Precious Metal in Malaysia (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $4,837 per ton in 2022, surging by 8.5% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The growth pace was the most rapid in 2020 an increase of 24%. Over the period under review, average import prices hit record highs at $7,207 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Vietnam ($6,892 per ton), while the price for India ($2,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Malaysia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $9,933 per ton, surging by 15% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 104%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($18,345 per ton), while the average price for exports to Vietnam ($4,425 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 the United States (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Malaysia
In 2022, overseas purchases of cutlery; other than plated with precious metals decreased by -15.6% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals dropped to $9.2M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 95% against the previous year.
| Import of Cutlery; Other than Plated with Precious Metal in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 7.7 | 9.6 | 8.4 | 32.6% |
| India | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Others | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Total | 4.1 | 8.0 | 10.0 | 9.2 | 30.9% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Malaysia in 2022:
- China (1718.7 tons)
- India (108.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Malaysia
In 2022, overseas shipments of cutlery; other than plated with precious metals decreased by -26.1% to 421 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 117%.
In value terms, exports of cutlery; other than plated with precious metals reduced to $4.2M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 344%.
| Export of Cutlery; Other than Plated with Precious Metal in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 471 | 3,071 | 4,377 | 3,380 | 92.9% |
| Singapore | 78.7 | 31.5 | 271 | 208 | 38.3% |
| South Africa | N/A | N/A | N/A | 189 | 0% |
| Indonesia | 49.0 | 75.2 | 16.9 | 56.9 | 5.1% |
| Vietnam | N/A | 23.3 | 1.3 | 49.5 | 45.8% |
| Australia | 18.7 | 4.8 | 13.8 | 37.1 | 25.7% |
| Papua New Guinea | 75.4 | 5.5 | N/A | N/A | -92.7% |
| Others | 77.9 | 207 | 236 | 266 | 50.6% |
| Total | 770 | 3,418 | 4,917 | 4,186 | 75.8% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Malaysia in 2022:
- United States (336.8 tons)
- Singapore (24.8 tons)
- Vietnam (11.2 tons)
- South Africa (10.3 tons)
- Indonesia (7.3 tons)
- Australia (6.5 tons)
236
This report provides an in-depth analysis of the stainless steel tableware market in Malaysia.
519
This report provides an in-depth analysis of the table flatware market in Malaysia.
495
This report provides an in-depth analysis of the market for silver and gold plated flatware in Malaysia.
692
Global Stainless Steel Tableware Market Report 2018. This report provides an in-depth analysis of the global stainless steel tableware market.
1932
This report provides an in-depth analysis of the global table flatware market.
485
Global Market for Silver And Gold Plated Flatware. This report provides an in-depth analysis of the global market for silver and gold plated flatware.
236
This report provides an in-depth analysis of the stainless steel tableware market in Malaysia.
519
This report provides an in-depth analysis of the table flatware market in Malaysia.
495
This report provides an in-depth analysis of the market for silver and gold plated flatware in Malaysia.
692
Global Stainless Steel Tableware Market Report 2018. This report provides an in-depth analysis of the global stainless steel tableware market.
612
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
984
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
703
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
1196
In value terms, base metals and silver, clad with gold imports stood at $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average ann...
1483
In value terms, base metals, silver and gold, clad with platinum imports stood at $X in 2016. In general, base metals, silver and gold, clad with platinum imports continue to indicate a prominent i...
1476
In value terms, base metals and silver, clad with gold exports totaled $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total exports value increased at an average annual rat...
2004
In value terms, base metals, silver and gold, clad with platinum exports totaled $X in 2016. Overall, base metals, silver and gold, clad with platinum exports continue to indicate a deep shrinkage. O...
612
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
984
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
703
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
