Price for Cutlery; Other than Plated with Precious Metal in Hong Kong SAR - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (FOB) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (CIF) - 2022
- Exports of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR
- Imports of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR
Price for Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $16,387 per ton, waning by -28.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 24%. As a result, the export price attained the peak level of $24,848 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($16,388 per ton) and Singapore ($16,388 per ton), while the average price for exports to the UK ($16,387 per ton) and China ($16,387 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $12,294 per ton, with an increase of 9.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 9.5% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($12,294 per ton) and Japan ($12,294 per ton), while the price for China ($12,294 per ton) and France ($12,294 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR
In 2022, exports of cutlery; other than plated with precious metals from Hong Kong SAR declined to 477 tons, waning by -8.6% against 2021 figures. In general, exports faced a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 25%.
In value terms, exports of cutlery; other than plated with precious metals declined remarkably to $7.8M in 2022. Overall, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 32%.
| Export of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,019 | 1,606 | 1,850 | 1,379 | -23.0% |
| France | 1,072 | 510 | 843 | 1,321 | 7.2% |
| Germany | 2,958 | 1,708 | 2,369 | 747 | -36.8% |
| Spain | 1,013 | 469 | 946 | 543 | -18.8% |
| Japan | 2,949 | 950 | 2,158 | 504 | -44.5% |
| Singapore | 425 | 146 | 237 | 473 | 3.6% |
| United Arab Emirates | 266 | 233 | 215 | 411 | 15.6% |
| United Kingdom | 596 | 317 | 451 | 306 | -19.9% |
| Macao SAR | 266 | 211 | 76.9 | 253 | -1.7% |
| China | 603 | 196 | 276 | 221 | -28.4% |
| Australia | 440 | 491 | 399 | 217 | -21.0% |
| India | 36.8 | 7.2 | 9.2 | 170 | 66.5% |
| Philippines | 183 | 62.0 | 33.6 | 124 | -12.2% |
| Others | 4,331 | 2,166 | 2,102 | 1,145 | -35.8% |
| Total | 18,159 | 9,072 | 11,966 | 7,815 | -24.5% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Hong Kong SAR in 2022:
- United States (84.2 tons)
- France (80.6 tons)
- Germany (45.6 tons)
- Spain (33.1 tons)
- Japan (30.8 tons)
- Singapore (28.9 tons)
- United Arab Emirates (25.1 tons)
- United Kingdom (18.7 tons)
- Macao SAR (15.5 tons)
- China (13.5 tons)
- Australia (13.2 tons)
- India (10.4 tons)
- Philippines (7.6 tons)
Imports of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR
In 2022, the amount of cutlery; other than plated with precious metals imported into Hong Kong SAR dropped remarkably to 509 tons, with a decrease of -34.7% against 2021 figures. Over the period under review, imports faced a dramatic descent. The pace of growth was the most pronounced in 2021 when imports increased by 1.4% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals shrank remarkably to $6.3M in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 3.5%.
| Import of Cutlery; Other than Plated with Precious Metal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 5.7 | 6.2 | 3.8 | -22.9% |
| Japan | 0.8 | 0.7 | 0.7 | 0.6 | -9.1% |
| Italy | 0.6 | 0.5 | 0.7 | 0.5 | -5.9% |
| Vietnam | 0.8 | 0.5 | 0.2 | 0.4 | -20.6% |
| Malaysia | N/A | 0.3 | 0.3 | 0.3 | 0.0% |
| France | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| United States | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Total | 11.5 | 8.5 | 8.8 | 6.3 | -18.2% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Hong Kong SAR in 2022:
- China (311.3 tons)
- Japan (46.6 tons)
- Italy (36.9 tons)
- Vietnam (36.4 tons)
- Malaysia (25.2 tons)
- United States (10.7 tons)
- France (8.5 tons)
- Germany (6.5 tons)
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