Price for Cutlery; Other than Plated with Precious Metal in Saudi Arabia - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Saudi Arabia (FOB) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Saudi Arabia (CIF) - 2022
- Exports of Cutlery; Other than Plated with Precious Metal in Saudi Arabia
- Imports of Cutlery; Other than Plated with Precious Metal in Saudi Arabia
Price for Cutlery; Other than Plated with Precious Metal in Saudi Arabia (FOB) - 2022
In 2021, the average export price for cutlery; other than plated with precious metals amounted to $10,575 per ton, jumping by 215% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($19,456 per ton), while the average price for exports to Italy ($394 per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+43.3%), while the prices for the other major destinations experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Saudi Arabia (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $4,772 per ton in 2021, increasing by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $4,821 per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($9,700 per ton), while the price for China ($4,322 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cutlery; Other than Plated with Precious Metal in Saudi Arabia
Exports of cutlery; other than plated with precious metals from Saudi Arabia plummeted to 1.3 tons in 2022, shrinking by -74.2% compared with the year before. In general, exports recorded a dramatic decline. The smallest decline of -7.4% was in 2021.
In value terms, exports of cutlery; other than plated with precious metals fell sharply to $23K in 2022. Overall, exports showed a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 192%.
| Export of Cutlery; Other than Plated with Precious Metal in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Bahrain | N/A | 35.2 | 0% |
| United Arab Emirates | 7.2 | 8.2 | 13.9% |
| Kuwait | 3.8 | 5.4 | 42.1% |
| Qatar | N/A | 4.0 | 0% |
| Italy | N/A | 1.2 | 0% |
| Others | 6.8 | -2.0 | -129.4% |
| Total | 17.8 | 52.1 | 192.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Saudi Arabia in 2022:
- Bahrain (22.0 tons)
- Italy (3.2 tons)
- United Arab Emirates (2.4 tons)
- Qatar (1.0 tons)
- Kuwait (0.3 tons)
Imports of Cutlery; Other than Plated with Precious Metal in Saudi Arabia
In 2021, imports of cutlery; other than plated with precious metals into Saudi Arabia surged to 2.3K tons, with an increase of 84% compared with the year before. In general, imports, however, faced a deep slump.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $11M in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.
| Import of Cutlery; Other than Plated with Precious Metal in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 9.8 | 4.9 | 9.3 | -2.6% |
| India | 0.5 | N/A | 0.5 | 0.0% |
| Japan | 0.7 | N/A | 0.4 | -24.4% |
| Others | 2.0 | 1.0 | 0.9 | -32.9% |
| Total | 13.0 | 5.9 | 11.1 | -7.6% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Saudi Arabia in 2022:
- China (2141.9 tons)
- Japan (60.7 tons)
- India (52.0 tons)
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