Price for Cutlery; Other than Plated with Precious Metal in Tanzania - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Tanzania (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Tanzania (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Tanzania
- Exports of Cutlery; Other than Plated with Precious Metal in Tanzania
Price for Cutlery; Other than Plated with Precious Metal in Tanzania (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $5,131 per ton in 2022, increasing by 6.2% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cutlery; other than plated with precious metals increased by +85.2% against 2013 indices. The most prominent rate of growth was recorded in 2015 an increase of 24%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Turkey ($10,490 per ton), while the price for Indonesia ($1,003 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Tanzania (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $6,588 per ton in 2022, jumping by 64% against the previous year. Overall, the export price showed perceptible growth. The growth pace was the most rapid in 2017 when the average export price increased by 388%. Over the period under review, the average export prices hit record highs at $40,301 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 Canada ($22,800 per ton), while the average price for exports to Kenya ($1,275 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 Canada (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Tanzania
In 2022, imports of cutlery; other than plated with precious metals into Tanzania fell notably to 207 tons, with a decrease of -86.3% against 2021 figures. Over the period under review, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 5.1%. As a result, imports attained the peak of 1.5K tons, and then fell significantly in the following year.
In value terms, imports of cutlery; other than plated with precious metals shrank remarkably to $1.1M in 2022. Overall, imports faced a sharp contraction. The growth pace was the most rapid in 2020 when imports increased by 7.7% against the previous year.
| Import of Cutlery; Other than Plated with Precious Metal in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 6.8 | 7.1 | 0.9 | -47.4% |
| India | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Indonesia | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 6.4 | 6.9 | 7.3 | 1.1 | -44.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Tanzania in 2022:
- China (168.7 tons)
- United Arab Emirates (11.8 tons)
- India (8.9 tons)
- Indonesia (4.1 tons)
- Turkey (3.5 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Tanzania
In 2022, approx. 136 kg of cutlery; other than plated with precious metals were exported from Tanzania; declining by -88.7% on the year before. Over the period under review, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 594%. As a result, the exports reached the peak of 1.2 tons, and then declined rapidly in the following year.
In value terms, exports of cutlery; other than plated with precious metals declined sharply to $896 in 2022. In general, exports faced a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 134%. As a result, the exports reached the peak of $4.9K, and then fell notably in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | N/A | 10.0 | N/A | 363 | 502.5% |
| Canada | N/A | N/A | N/A | 228 | 0% |
| Democratic Republic of the Congo | N/A | N/A | 65.0 | 193 | 196.9% |
| Kenya | N/A | N/A | 100 | 51.0 | -49.0% |
| South Africa | 140 | N/A | 4.0 | 26.0 | -42.9% |
| Rwanda | 1,400 | 134 | 2,914 | 20.0 | -75.7% |
| United Kingdom | 714 | 1,917 | 115 | 15.0 | -72.4% |
| China | 14.0 | N/A | 100 | N/A | 167.3% |
| Portugal | 112 | N/A | N/A | N/A | 0% |
| Australia | 1,106 | N/A | N/A | N/A | 0% |
| Others | 672 | 17.0 | 1,568 | N/A | 52.8% |
| Total | 4,158 | 2,078 | 4,866 | 896 | -40.0% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Tanzania in 2022:
- Uganda (50.0 kg)
- Kenya (40.0 kg)
- Democratic Republic of the Congo (25.0 kg)
- Canada (10.0 kg)
- Rwanda (6.0 kg)
- South Africa (4.0 kg)
- United Kingdom (1.0 kg)
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