Price for Cutlery; Other than Plated with Precious Metal in Colombia - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Colombia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Colombia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Colombia
- Exports of Cutlery; Other than Plated with Precious Metal in Colombia
Price for Cutlery; Other than Plated with Precious Metal in Colombia (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $2,755 per ton in February 2022, growing by 38% against the previous month. Over the period under review, import price indicated a resilient expansion from February 2021 to February 2022: its price increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for cutlery; other than plated with precious metals increased by +47.8% against November 2021 indices. The most prominent rate of growth was recorded in September 2021 an increase of 62% m-o-m. Over the period under review, average import prices attained the maximum at $3,388 per ton in October 2021; however, from November 2021 to February 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($7,300 per ton), while the price for Brazil ($1,445 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Colombia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $18,619 per ton, rising by 3.2% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cutlery; other than plated with precious metals increased by +112.9% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($26,471 per ton), while the average price for exports to Panama ($6,857 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 Venezuela (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Colombia
Imports of cutlery; other than plated with precious metals into Colombia dropped rapidly to 1.2K tons in 2022, shrinking by -22.2% against the previous year. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, imports attained the peak of 1.6K tons, and then shrank remarkably in the following year.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $4.5M in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,758 | 1,326 | 2,842 | 3,324 | 23.7% |
| Brazil | 452 | 263 | 359 | 666 | 13.8% |
| India | 131 | 59.8 | 86.6 | 168 | 8.6% |
| Others | 401 | 186 | 257 | 384 | -1.4% |
| Total | 2,742 | 1,835 | 3,545 | 4,542 | 18.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Colombia in 2022:
- China (1082.2 tons)
- Brazil (79.3 tons)
- India (18.9 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Colombia
In 2022, overseas shipments of cutlery; other than plated with precious metals were finally on the rise to reach 7 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep setback.
In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $130K in 2022. Overall, exports, however, continue to indicate a perceptible decrease.
| Export of Cutlery; Other than Plated with Precious Metal in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 48.4 | 30.0 | 14.7 | 54.7 | 4.2% |
| Ecuador | 63.3 | 0.8 | 22.4 | 34.0 | -18.7% |
| Guatemala | 6.3 | 6.1 | 1.7 | 15.7 | 35.6% |
| Haiti | N/A | N/A | N/A | 10.6 | 0% |
| United States | 0.2 | 1.3 | 0.6 | 6.3 | 215.8% |
| Dominican Republic | N/A | 0.4 | 2.0 | 2.1 | 129.1% |
| Panama | 14.6 | 11.3 | 6.4 | 1.2 | -56.5% |
| Curacao | 5.8 | 6.7 | 9.6 | 1.1 | -42.5% |
| Nicaragua | N/A | 3.5 | N/A | N/A | 0% |
| Others | 11.3 | 3.0 | 12.3 | 4.2 | -28.1% |
| Total | 150 | 63.0 | 69.7 | 130 | -4.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Colombia in 2022:
- Peru (2830.0 kg)
- Ecuador (1646.0 kg)
- Guatemala (785.0 kg)
- United States (653.0 kg)
- Haiti (509.0 kg)
- Panama (168.0 kg)
- Dominican Republic (163.0 kg)
- Curacao (68.0 kg)
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