Price for Cutlery; Other than Plated with Precious Metal in Austria - 2023

Contents:

  1. Price for Cutlery; Other than Plated with Precious Metal in Austria (CIF) - 2023
  2. Price for Cutlery; Other than Plated with Precious Metal in Austria (FOB) - 2023
  3. Imports of Cutlery; Other than Plated with Precious Metal in Austria
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.86.88.08.018.6%
China4.51.51.82.1-22.4%
Italy1.10.91.21.35.7%
Netherlands0.20.60.81.176.5%
Slovakia0.40.60.41.140.1%
Poland0.40.91.20.720.5%
TurkeyN/AN/A0.10.10.0%
Others1.90.91.10.9-22.0%
Total13.312.214.415.34.8%

Top Suppliers of Cutlery; Other than Plated with Precious Metal to Austria in 2022:

  1. Germany (598.6 tons)
  2. China (209.6 tons)
  3. Slovakia (117.7 tons)
  4. Netherlands (57.3 tons)
  5. Italy (48.6 tons)
  6. Poland (24.1 tons)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,8232,3184,4863,7349.8%
Slovakia379670419359-1.8%
Hungary17418227531021.2%
Italy14715430330327.3%
Poland15422619223415.0%
Czech Republic14119118819812.0%
Croatia82.165.610817228.0%
Romania42.810119613948.1%
Slovenia71.265.078.296.710.7%
United States40335723041.5-53.1%
Others688922671479-11.4%
Total5,1055,2517,1476,0675.9%

Top Export Markets for Cutlery; Other than Plated with Precious Metal from Austria in 2022:

  1. Germany (64.5 tons)
  2. Slovakia (23.2 tons)
  3. Poland (22.0 tons)
  4. Romania (18.6 tons)
  5. Italy (15.3 tons)
  6. Croatia (14.9 tons)
  7. Hungary (13.7 tons)
  8. Czech Republic (9.6 tons)
  9. Slovenia (6.4 tons)
  10. United States (1.7 tons)

Source: IndexBox Market Intelligence Platform

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