Price for Cutlery; Other than Plated with Precious Metal in Thailand - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Thailand (CIF) - 2024
- Price for Cutlery; Other than Plated with Precious Metal in Thailand (FOB) - 2024
- Imports of Cutlery; Other than Plated with Precious Metal in Thailand
- Exports of Cutlery; Other than Plated with Precious Metal in Thailand
Price for Cutlery; Other than Plated with Precious Metal in Thailand (CIF) - 2024
In January 2024, the average import price for cutlery; other than plated with precious metals amounted to $1,508 per ton, reducing by -34.9% against the previous month. Overall, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in February 2023 an increase of 163% month-to-month. As a result, import price reached the peak level of $4,853 per ton. From March 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,401 per ton), while the price for Japan totaled $917 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-1.8%).
Price for Cutlery; Other than Plated with Precious Metal in Thailand (FOB) - 2024
The average export price for cutlery; other than plated with precious metals stood at $5,441 per ton in January 2024, which is down by -3.6% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 69% m-o-m. Over the period under review, the average export prices hit record highs at $9,216 per ton in July 2023; however, from August 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($24,492 per ton), while the average price for exports to the UK ($2,832 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of cutlery; other than plated with precious metals, which increased by 5.1% to 3.9K tons in 2022. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $8.9M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 6.2 | 6.6 | 7.9 | 6.2% |
| Others | 1.0 | 0.9 | 0.7 | 1.1 | 3.2% |
| Total | 7.6 | 7.2 | 7.3 | 8.9 | 5.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Thailand in 2022:
- China (3.8K tons)
Exports of Cutlery; Other than Plated with Precious Metal in Thailand
In 2022, shipments abroad of cutlery; other than plated with precious metals was finally on the rise to reach 1.1K tons after two years of decline. Overall, exports, however, faced a drastic downturn.
In value terms, exports of cutlery; other than plated with precious metals expanded sharply to $5.4M in 2022. Over the period under review, exports, however, recorded a deep slump.
| Export of Cutlery; Other than Plated with Precious Metal in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,741 | 1,088 | 1,148 | 1,326 | -8.7% |
| Myanmar | 1,680 | 720 | 602 | 814 | -21.5% |
| Cambodia | 923 | 561 | 465 | 703 | -8.7% |
| Hong Kong SAR | 2,696 | 781 | 396 | 459 | -44.6% |
| Malaysia | 242 | 324 | 302 | 380 | 16.2% |
| Lao People's Democratic Republic | 279 | 386 | 392 | 284 | 0.6% |
| United Kingdom | 117 | 66.9 | 37.8 | 248 | 28.5% |
| Canada | 279 | 128 | 332 | 211 | -8.9% |
| Singapore | 449 | 141 | 183 | 194 | -24.4% |
| Others | 1,082 | 976 | 1,197 | 801 | -9.5% |
| Total | 9,487 | 5,173 | 5,055 | 5,418 | -17.0% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Thailand in 2022:
- United States (325.8 tons)
- Myanmar (196.1 tons)
- Cambodia (142.4 tons)
- Lao People's Democratic Republic (91.2 tons)
- Canada (77.1 tons)
- United Kingdom (65.8 tons)
- Malaysia (36.1 tons)
- Hong Kong SAR (21.1 tons)
- Singapore (19.2 tons)
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