Price for Cutlery; Other than Plated with Precious Metal in the Dominican Republic - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in the Dominican Republic (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in the Dominican Republic (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in the Dominican Republic
- Exports of Cutlery; Other than Plated with Precious Metal in the Dominican Republic
Price for Cutlery; Other than Plated with Precious Metal in the Dominican Republic (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $8,825 per ton, growing by 22% against the previous year. Overall, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2019 when the average import price increased by 40%. As a result, import price attained the peak level of $12,338 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 Italy ($15,115 per ton), while the price for Brazil ($5,238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in the Dominican Republic (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $5,761 per ton in 2022, shrinking by -33.7% against the previous year. Overall, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 77% against the previous year. The export price peaked at $10,141 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($16,154 per ton), while the average price for exports to Turks and Caicos Islands ($1,158 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 Jamaica (+109.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cutlery; Other than Plated with Precious Metal in the Dominican Republic
In 2022, approx. 318 tons of cutlery; other than plated with precious metals were imported into the Dominican Republic; with an increase of 51% against the year before. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 98%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $2.8M in 2022. Over the period under review, imports posted a buoyant 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 the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,065 | 624 | 894 | 1,536 | 13.0% |
| Spain | 576 | 87.9 | 252 | 693 | 6.4% |
| India | 15.5 | 71.0 | 73.1 | 165 | 120.0% |
| United States | 71.6 | 27.6 | 49.3 | 78.0 | 2.9% |
| Italy | 26.2 | 3.6 | 30.6 | 72.8 | 40.6% |
| Brazil | 52.0 | 50.1 | 39.3 | 51.0 | -0.6% |
| Vietnam | 88.8 | 11.6 | 18.5 | 29.9 | -30.4% |
| Others | 304 | 69.3 | 165 | 178 | -16.3% |
| Total | 2,199 | 945 | 1,523 | 2,804 | 8.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to the Dominican Republic in 2022:
- China (191.2 tons)
- Spain (67.9 tons)
- India (26.0 tons)
- Brazil (9.7 tons)
- United States (7.7 tons)
- Italy (4.8 tons)
- Vietnam (1.2 tons)
Exports of Cutlery; Other than Plated with Precious Metal in the Dominican Republic
In 2022, the amount of cutlery; other than plated with precious metals exported from the Dominican Republic reduced notably to 754 kg, waning by -43.4% on the year before. Overall, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 123% against the previous year.
In value terms, exports of cutlery; other than plated with precious metals dropped sharply to $4.3K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 105% against the previous year.
| Export of Cutlery; Other than Plated with Precious Metal in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.4 | 3.3 | 6.3 | 2.2 | -40.4% |
| Cuba | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Turks and Caicos Islands | N/A | N/A | 0.1 | 0.2 | 100.0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Russia | 0.2 | N/A | N/A | N/A | 0% |
| Venezuela | N/A | 0.5 | 0.6 | N/A | 20.0% |
| Mexico | 6.4 | N/A | 4.1 | N/A | -20.0% |
| Others | 0.2 | 1.8 | 0.5 | 1.6 | 100.0% |
| Total | 17.4 | 5.7 | 11.6 | 4.3 | -37.2% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from the Dominican Republic in 2022:
- United States (420.0 kg)
- Turks and Caicos Islands (202.0 kg)
- United Kingdom (50.0 kg)
- Cuba (13.0 kg)
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