Price for Cutlery; Other than Plated with Precious Metal in Bahrain - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Bahrain (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Bahrain (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Bahrain
- Exports of Cutlery; Other than Plated with Precious Metal in Bahrain
Price for Cutlery; Other than Plated with Precious Metal in Bahrain (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $8,646 per ton in 2022, surging by 17% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $11,053 per ton. From 2019 to 2022, the average import prices remained at a 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 Vietnam ($27,078 per ton), while the price for Turkey ($3,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Bahrain (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $8,752 per ton, which is down by -59.6% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth was the most pronounced in 2014 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs at $22,567 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($35,096 per ton), while the average price for exports to Kuwait ($5,000 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 Saudi Arabia (+11.8%), while the prices for the other major destinations experienced a decline.
Imports of Cutlery; Other than Plated with Precious Metal in Bahrain
In 2022, overseas purchases of cutlery; other than plated with precious metals decreased by -6.4% to 102 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 109 tons, and then reduced in the following year.
In value terms, imports of cutlery; other than plated with precious metals rose rapidly to $883K in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 313 | 450 | 416 | 532 | 19.3% |
| India | 143 | 68.6 | 106 | 137 | -1.4% |
| Vietnam | 169 | 85.9 | 43.8 | 66.3 | -26.8% |
| United Arab Emirates | 4.4 | 8.2 | 53.6 | 35.4 | 100.4% |
| Turkey | 2.0 | 28.9 | 12.1 | 22.0 | 122.4% |
| Italy | 50.0 | 8.2 | 46.7 | 21.4 | -24.6% |
| Others | 96.1 | 73.5 | 127 | 69.3 | -10.3% |
| Total | 778 | 723 | 805 | 883 | 4.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Bahrain in 2022:
- China (57.6 tons)
- India (19.8 tons)
- United Arab Emirates (8.8 tons)
- Turkey (6.1 tons)
- Vietnam (2.5 tons)
- Italy (1.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Bahrain
In 2022, the amount of cutlery; other than plated with precious metals exported from Bahrain dropped to 3 tons, falling by -13.5% compared with the previous year's figure. Over the period under review, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, exports of cutlery; other than plated with precious metals dropped remarkably to $26K in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
| Export of Cutlery; Other than Plated with Precious Metal in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | N/A | 14.6 | 0% |
| Saudi Arabia | 177 | 58.7 | 73.7 | 9.5 | -62.3% |
| Kuwait | N/A | N/A | 0.3 | 1.2 | 300.0% |
| United Arab Emirates | 4.0 | 0.1 | 1.1 | 0.1 | -70.8% |
| India | 2.9 | 0.6 | N/A | N/A | -79.3% |
| Oman | 2.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | 0.3 | 0.9 | 112.1% |
| Total | 186 | 59.5 | 75.4 | 26.4 | -47.8% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Bahrain in 2022:
- Qatar (2441.0 kg)
- Saudi Arabia (270.0 kg)
- Kuwait (240.0 kg)
- United Arab Emirates (14.0 kg)
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