Price for Cutlery; Other than Plated with Precious Metal in Singapore - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Singapore (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Singapore (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Singapore
- Exports of Cutlery; Other than Plated with Precious Metal in Singapore
Price for Cutlery; Other than Plated with Precious Metal in Singapore (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $11,695 per ton, growing by 8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $12,154 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 China ($13,300 per ton), while the price for the Philippines ($7,309 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Singapore (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $11,212 per ton, increasing by 10% against the previous year. Overall, the export price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $24,848 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($20,000 per ton), while the average price for exports to Italy ($9,866 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 Malaysia (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Cutlery; Other than Plated with Precious Metal in Singapore
Imports of cutlery; other than plated with precious metals into Singapore skyrocketed to 262 tons in 2022, picking up by 43% on 2021. In general, imports posted tangible growth. 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 skyrocketed to $3.1M in 2022. Overall, imports continue to indicate a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 905 | 669 | 690 | 1,238 | 11.0% |
| Vietnam | 616 | 244 | 351 | 680 | 3.3% |
| Italy | 171 | 21.4 | 43.6 | 155 | -3.2% |
| United States | 96.8 | 65.3 | 292 | 146 | 14.7% |
| India | 208 | 85.2 | 77.1 | 134 | -13.6% |
| France | 109 | 73.4 | 114 | 126 | 4.9% |
| Thailand | 6.2 | 8.2 | 46.1 | 117 | 166.2% |
| Philippines | 15.8 | 0.1 | 19.3 | 73.6 | 67.0% |
| Japan | 93.3 | 92.8 | 107 | 71.9 | -8.3% |
| Malaysia | 34.0 | 5.7 | 7.5 | 67.4 | 25.6% |
| Taiwan (Chinese) | 27.4 | 13.3 | 15.9 | 59.2 | 29.3% |
| Hong Kong SAR | 182 | 66.3 | 65.4 | 25.6 | -48.0% |
| Germany | 74.5 | 26.9 | 41.0 | 11.4 | -46.5% |
| Others | 116 | 42.0 | 120 | 161 | 11.5% |
| Total | 2,655 | 1,414 | 1,989 | 3,067 | 4.9% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Singapore in 2022:
- China (93.1 tons)
- Vietnam (61.9 tons)
- Italy (14.1 tons)
- United States (13.3 tons)
- India (12.2 tons)
- France (11.5 tons)
- Thailand (10.7 tons)
- Philippines (10.1 tons)
- Japan (6.6 tons)
- Malaysia (6.1 tons)
- Taiwan (Chinese) (5.4 tons)
- Hong Kong SAR (2.3 tons)
- Germany (1.0 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Singapore
In 2022, exports of cutlery; other than plated with precious metals from Singapore soared to 54 tons, rising by 43% against the year before. In general, exports showed a notable increase. The pace of growth was the most pronounced in 2020 when exports increased by 359% against the previous year. As a result, the exports reached the peak of 214 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cutlery; other than plated with precious metals surged to $603K in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 266%. As a result, the exports reached the peak of $3.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cutlery; Other than Plated with Precious Metal in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 527 | 92.3 | 82.5 | 159 | -32.9% |
| Philippines | 108 | 15.2 | 9.0 | 124 | 4.7% |
| Malaysia | 49.6 | 30.3 | 40.8 | 82.9 | 18.7% |
| Hong Kong SAR | 22.1 | 10.5 | 98.2 | 58.6 | 38.4% |
| Thailand | 67.9 | 13.9 | 14.4 | 43.7 | -13.7% |
| Vietnam | 25.3 | 21.0 | 3.4 | 43.2 | 19.5% |
| Italy | N/A | N/A | 0.1 | 17.7 | 17600.0% |
| China | 12.2 | 3,317 | 18.3 | 0.1 | -79.8% |
| Others | 182 | 139 | 115 | 73.3 | -26.2% |
| Total | 994 | 3,639 | 382 | 603 | -15.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Singapore in 2022:
- Indonesia (15.8 tons)
- Philippines (12.3 tons)
- Hong Kong SAR (5.8 tons)
- Vietnam (4.3 tons)
- Thailand (4.3 tons)
- Malaysia (4.1 tons)
- Italy (1.8 tons)
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