Price for Cutlery; Other than Plated with Precious Metal in Australia - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Australia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Australia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Australia
- Exports of Cutlery; Other than Plated with Precious Metal in Australia
Price for Cutlery; Other than Plated with Precious Metal in Australia (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $12,294 per ton in 2022, with an increase of 14% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 88%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($12,294 per ton) and India ($12,294 per ton), while the price for Hong Kong SAR ($12,293 per ton) and China ($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 India (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Australia (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $16,387 per ton in 2022, with an increase of 62% against the previous year. In general, the export price saw a temperate increase. The pace of growth appeared the most rapid in 2017 an increase of 127%. The export price peaked at $24,737 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Papua New Guinea ($16,397 per ton) and India ($16,389 per ton), while the average price for exports to Canada ($16,382 per ton) and the UK ($16,386 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 New Zealand (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Australia
In 2022, the amount of cutlery; other than plated with precious metals imported into Australia fell modestly to 1.9K tons, waning by -4.8% against the previous year. The total import volume increased at an average annual rate of +5.5% 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 when imports increased by 45%. As a result, imports attained the peak of 2K tons, and then shrank slightly in the following year.
In value terms, imports of cutlery; other than plated with precious metals expanded significantly to $24M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 11.5 | 16.3 | 16.9 | 6.5% |
| India | 1.8 | 2.0 | 2.9 | 3.7 | 27.1% |
| Vietnam | 1.1 | 0.6 | 1.1 | 1.5 | 10.9% |
| Others | 1.4 | 1.3 | 1.9 | 1.9 | 10.7% |
| Total | 18.3 | 15.5 | 22.2 | 23.9 | 9.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Australia in 2022:
- China (1375.7 tons)
- India (300.9 tons)
- Vietnam (119.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Australia
In 2022, the amount of cutlery; other than plated with precious metals exported from Australia fell dramatically to 58 tons, dropping by -30.7% compared with the year before. Over the period under review, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 107%. As a result, the exports attained the peak of 84 tons, and then contracted remarkably in the following year.
In value terms, exports of cutlery; other than plated with precious metals expanded rapidly to $951K in 2022. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 23%.
| Export of Cutlery; Other than Plated with Precious Metal in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 383 | 302 | 338 | 294 | -8.4% |
| Malaysia | 0.1 | 90.4 | 103 | 127 | 982.9% |
| United States | 220 | 38.3 | 77.5 | 122 | -17.8% |
| Singapore | 183 | 43.7 | 42.1 | 82.1 | -23.4% |
| United Kingdom | 72.9 | 22.7 | 11.8 | 79.9 | 3.1% |
| Fiji | 12.5 | 3.0 | 21.0 | 50.5 | 59.3% |
| India | N/A | N/A | 6.3 | 21.1 | 234.9% |
| Hong Kong SAR | 131 | 43.0 | 3.8 | 15.4 | -51.0% |
| Japan | 87.2 | 14.0 | 0.1 | 3.2 | -66.8% |
| Others | 303 | 130 | 244 | 156 | -19.9% |
| Total | 1,393 | 687 | 847 | 951 | -11.9% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Australia in 2022:
- New Zealand (17.9 tons)
- Malaysia (7.7 tons)
- United States (7.4 tons)
- Singapore (5.0 tons)
- United Kingdom (4.9 tons)
- Fiji (3.1 tons)
- India (1.3 tons)
- Hong Kong SAR (0.9 tons)
- Japan (0.2 tons)
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