Price for Cutlery; Other than Plated with Precious Metal in Morocco - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Morocco (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Morocco (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Morocco
- Exports of Cutlery; Other than Plated with Precious Metal in Morocco
Price for Cutlery; Other than Plated with Precious Metal in Morocco (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $4,130 per ton, rising by 3% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of 16%. The import price peaked at $5,911 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($39,817 per ton), while the price for China ($3,030 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Morocco (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $2,988 per ton in 2022, which is down by -70.8% against the previous year. In general, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 87% against the previous year. Over the period under review, the average export prices hit record highs at $16,179 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($13,478 per ton), while the average price for exports to Gambia ($1,087 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 Mauritania (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Morocco
In 2022, purchases abroad of cutlery; other than plated with precious metals was finally on the rise to reach 881 tons after two years of decline. Overall, imports, however, recorded a deep downturn.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $3.6M in 2022. Over the period under review, imports, however, saw a slight decline.
Import of Cutlery; Other than Plated with Precious Metal in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,618 | 1,917 | 1,599 | 1,968 | -9.1% |
Egypt | 610 | 530 | 394 | 792 | 9.1% |
India | 70.8 | 115 | 110 | 215 | 44.8% |
Turkey | 28.8 | 31.9 | 43.7 | 89.0 | 45.7% |
Others | 432 | 269 | 619 | 576 | 10.1% |
Total | 3,759 | 2,863 | 2,766 | 3,640 | -1.1% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Morocco in 2022:
- China (649.5 tons)
- Egypt (148.9 tons)
- India (30.4 tons)
- Turkey (20.8 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Morocco
Exports of cutlery; other than plated with precious metals from Morocco surged to 5.4 tons in 2022, growing by 39% against 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 119%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of cutlery; other than plated with precious metals shrank rapidly to $16K in 2022. Over the period under review, exports, however, saw a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 156%.
Export of Cutlery; Other than Plated with Precious Metal in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Gambia | N/A | N/A | N/A | 3.5 | 0% |
Mauritania | 2.1 | 2.3 | 1.9 | 2.5 | 6.0% |
Cote d'Ivoire | 1.6 | N/A | 0.1 | 1.5 | -2.1% |
Spain | 0.1 | N/A | 3.3 | 1.5 | 146.6% |
Guinea | 6.0 | 1.4 | 4.6 | 1.3 | -39.9% |
Saudi Arabia | N/A | N/A | N/A | 1.2 | 0% |
Libya | N/A | N/A | N/A | 0.8 | 0% |
Senegal | 6.8 | 6.7 | 17.3 | 0.5 | -58.1% |
Mali | 2.4 | N/A | N/A | 0.1 | -65.3% |
Benin | 1.7 | N/A | 2.1 | N/A | 11.1% |
Burkina Faso | N/A | 3.5 | N/A | N/A | 0% |
United States | 18.5 | N/A | N/A | N/A | 0% |
Others | 8.6 | 1.6 | 10.3 | 3.2 | -28.1% |
Total | 47.7 | 15.5 | 39.6 | 16.1 | -30.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Morocco in 2022:
- Gambia (3260.0 kg)
- Cote d'Ivoire (927.0 kg)
- Libya (407.0 kg)
- Mauritania (264.0 kg)
- Spain (179.0 kg)
- Guinea (112.0 kg)
- Saudi Arabia (90.0 kg)
- Senegal (42.0 kg)
- Mali (12.0 kg)
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U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
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...
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