Price for Cutlery; Other than Plated with Precious Metal in Austria - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Austria (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Austria (FOB) - 2023
- Imports of Cutlery; Other than Plated with Precious Metal in Austria
- Exports of Cutlery; Other than Plated with Precious Metal in Austria
Price for Cutlery; Other than Plated with Precious Metal in Austria (CIF) - 2023
The average import price for cutlery; other than plated with precious metals stood at $15,029 per ton in October 2023, shrinking by -24.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 22% against the previous month. The import price peaked at $21,878 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($34,515 per ton), while the price for China ($11,241 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Austria (FOB) - 2023
The average export price for cutlery; other than plated with precious metals stood at $19,109 per ton in October 2023, waning by -41.5% against the previous month. In general, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 54% m-o-m. Over the period under review, the average export prices hit record highs at $45,482 per ton in December 2022; however, from January 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($37,307 per ton), while the average price for exports to Romania ($13,715 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cutlery; Other than Plated with Precious Metal in Austria
Imports of cutlery; other than plated with precious metals into Austria soared to 1.1K tons in 2022, picking up by 20% on the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cutlery; other than plated with precious metals expanded notably to $15M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
Import of Cutlery; Other than Plated with Precious Metal in Austria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.8 | 6.8 | 8.0 | 8.0 | 18.6% |
China | 4.5 | 1.5 | 1.8 | 2.1 | -22.4% |
Italy | 1.1 | 0.9 | 1.2 | 1.3 | 5.7% |
Netherlands | 0.2 | 0.6 | 0.8 | 1.1 | 76.5% |
Slovakia | 0.4 | 0.6 | 0.4 | 1.1 | 40.1% |
Poland | 0.4 | 0.9 | 1.2 | 0.7 | 20.5% |
Turkey | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | 1.9 | 0.9 | 1.1 | 0.9 | -22.0% |
Total | 13.3 | 12.2 | 14.4 | 15.3 | 4.8% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Austria in 2022:
- Germany (598.6 tons)
- China (209.6 tons)
- Slovakia (117.7 tons)
- Netherlands (57.3 tons)
- Italy (48.6 tons)
- Poland (24.1 tons)
- Turkey (19.3 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Austria
After three years of growth, shipments abroad of cutlery; other than plated with precious metals decreased by -20.8% to 211 tons in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports reached the peak of 267 tons, and then fell dramatically in the following year.
In value terms, exports of cutlery; other than plated with precious metals shrank remarkably to $6.1M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports reached the peak of $7.1M, and then dropped dramatically in the following year.
Export of Cutlery; Other than Plated with Precious Metal in Austria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,823 | 2,318 | 4,486 | 3,734 | 9.8% |
Slovakia | 379 | 670 | 419 | 359 | -1.8% |
Hungary | 174 | 182 | 275 | 310 | 21.2% |
Italy | 147 | 154 | 303 | 303 | 27.3% |
Poland | 154 | 226 | 192 | 234 | 15.0% |
Czech Republic | 141 | 191 | 188 | 198 | 12.0% |
Croatia | 82.1 | 65.6 | 108 | 172 | 28.0% |
Romania | 42.8 | 101 | 196 | 139 | 48.1% |
Slovenia | 71.2 | 65.0 | 78.2 | 96.7 | 10.7% |
United States | 403 | 357 | 230 | 41.5 | -53.1% |
Others | 688 | 922 | 671 | 479 | -11.4% |
Total | 5,105 | 5,251 | 7,147 | 6,067 | 5.9% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Austria in 2022:
- Germany (64.5 tons)
- Slovakia (23.2 tons)
- Poland (22.0 tons)
- Romania (18.6 tons)
- Italy (15.3 tons)
- Croatia (14.9 tons)
- Hungary (13.7 tons)
- Czech Republic (9.6 tons)
- Slovenia (6.4 tons)
- United States (1.7 tons)
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