Price for Cutlery; Other than Plated with Precious Metal in Portugal - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Portugal (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Portugal (FOB) - 2023
- Imports of Cutlery; Other than Plated with Precious Metal in Portugal
- Exports of Cutlery; Other than Plated with Precious Metal in Portugal
Price for Cutlery; Other than Plated with Precious Metal in Portugal (CIF) - 2023
In October 2023, the average import price for cutlery; other than plated with precious metals amounted to $5,430 per ton, jumping by 17% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 22% m-o-m. The import price peaked at $10,741 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($18,272 per ton), while the price for the UK ($1,242 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Portugal (FOB) - 2023
The average export price for cutlery; other than plated with precious metals stood at $24,787 per ton in October 2023, with an increase of 15% against the previous month. Over the last eleven months, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 31% month-to-month. As a result, the export price reached the peak level of $29,453 per ton. From June 2023 to October 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($106K per ton), while the average price for exports to Angola ($14,629 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Portugal
For the fourth year in a row, Portugal recorded growth in purchases abroad of cutlery; other than plated with precious metals, which increased by 78% to 920 tons in 2022. Over the period under review, imports saw a significant expansion. 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 $6.6M in 2022. Overall, imports posted a significant expansion. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 843 | 490 | 687 | 3,129 | 54.8% |
| Netherlands | 202 | 1,026 | 1,256 | 1,471 | 93.8% |
| Germany | 504 | 302 | 286 | 575 | 4.5% |
| France | 401 | 269 | 377 | 458 | 4.5% |
| China | 445 | 422 | 419 | 248 | -17.7% |
| Italy | 34.9 | 22.1 | 102 | 227 | 86.7% |
| Brazil | 129 | 89.9 | 92.4 | 170 | 9.6% |
| India | 50.4 | 56.1 | 63.9 | 99.5 | 25.4% |
| Others | 250 | 175 | 211 | 239 | -1.5% |
| Total | 2,858 | 2,852 | 3,496 | 6,616 | 32.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Portugal in 2022:
- Spain (416.3 tons)
- Netherlands (229.3 tons)
- France (130.1 tons)
- Germany (47.0 tons)
- China (30.2 tons)
- Italy (27.9 tons)
- India (14.3 tons)
- Brazil (12.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Portugal
In 2022, the amount of cutlery; other than plated with precious metals exported from Portugal soared to 344 tons, growing by 16% on the year before. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +87.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, exports of cutlery; other than plated with precious metals surged to $6.5M in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 90% 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,227 | 948 | 1,754 | 2,564 | 27.8% |
| France | 682 | 731 | 1,541 | 1,707 | 35.8% |
| Germany | 336 | 347 | 547 | 439 | 9.3% |
| United States | 72.3 | 22.1 | 107 | 216 | 44.0% |
| Canada | 106 | 55.2 | 101 | 181 | 19.5% |
| Angola | 58.1 | 96.8 | 83.3 | 155 | 38.7% |
| Morocco | 38.8 | 18.2 | 19.5 | 128 | 48.9% |
| Mozambique | 43.3 | 15.1 | 33.6 | 48.2 | 3.6% |
| Others | 789 | 596 | 1,187 | 1,016 | 8.8% |
| Total | 3,353 | 2,829 | 5,374 | 6,454 | 24.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Portugal in 2022:
- Spain (157.3 tons)
- France (88.0 tons)
- Germany (16.8 tons)
- Angola (11.0 tons)
- Canada (8.2 tons)
- Mozambique (7.5 tons)
- Morocco (6.7 tons)
- United States (5.6 tons)
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