Price for Cutlery; Other than Plated with Precious Metal in Mexico - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Mexico (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Mexico (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Mexico
- Exports of Cutlery; Other than Plated with Precious Metal in Mexico
Price for Cutlery; Other than Plated with Precious Metal in Mexico (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $13,163 per ton in 2022, surging by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($13,163 per ton) and India ($13,163 per ton), while the price for Italy ($13,163 per ton) and Spain ($13,163 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Mexico (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $10,364 per ton, increasing by 2.4% against the previous year. In general, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $24,848 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($10,366 per ton), while the average price for exports to the United States totaled $10,364 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-2.9%).
Imports of Cutlery; Other than Plated with Precious Metal in Mexico
Imports of cutlery; other than plated with precious metals into Mexico dropped to 886 tons in 2022, declining by -9.6% on the previous year's figure. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 7.4% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals expanded markedly to $12M in 2022. In general, imports continue to indicate a drastic downturn.
| Import of Cutlery; Other than Plated with Precious Metal in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 5.7 | 7.7 | 8.1 | 5.5% |
| India | 1.1 | 0.7 | 1.2 | 0.9 | -6.5% |
| Italy | 0.5 | 0.1 | 0.3 | 0.7 | 11.9% |
| Indonesia | 0.1 | N/A | N/A | 0.6 | 81.7% |
| United States | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Brazil | 3.6 | 2.3 | 0.7 | 0.3 | -56.3% |
| Vietnam | 0.6 | 0.6 | 0.3 | 0.2 | -30.7% |
| Others | 0.8 | 0.5 | 0.3 | 0.5 | -14.5% |
| Total | 14.0 | 10.0 | 10.6 | 11.7 | -5.8% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Mexico in 2022:
- China (617.1 tons)
- India (64.9 tons)
- Italy (50.5 tons)
- Indonesia (47.4 tons)
- United States (27.3 tons)
- Brazil (26.2 tons)
- Vietnam (17.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Mexico
For the fourth consecutive year, Mexico recorded growth in shipments abroad of cutlery; other than plated with precious metals, which increased by 3.9% to 67 tons in 2022. The total export volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of cutlery; other than plated with precious metals rose sharply to $696K in 2022. Over the period under review, exports, however, recorded a drastic downturn.
| Export of Cutlery; Other than Plated with Precious Metal in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 898 | 1,012 | 639 | 672 | -9.2% |
| Guatemala | 34.2 | 8.5 | 1.8 | 19.8 | -16.7% |
| Others | 98.9 | 45.7 | 13.8 | 4.7 | -63.8% |
| Total | 1,032 | 1,066 | 655 | 696 | -12.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Mexico in 2022:
- United States (64.8 tons)
- Guatemala (1.9 tons)
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