Price for Cutlery; Other than Plated with Precious Metal in Croatia - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Croatia (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Croatia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Croatia
- Exports of Cutlery; Other than Plated with Precious Metal in Croatia
Price for Cutlery; Other than Plated with Precious Metal in Croatia (CIF) - 2023
The average import price for cutlery; other than plated with precious metals stood at $15,331 per ton in October 2023, with an increase of 13% against the previous month. Overall, the import price recorded modest growth. The most prominent rate of growth was recorded in June 2023 an increase of 43% m-o-m. The import price peaked at $19,162 per ton in December 2022; however, from January 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 Spain ($34,943 per ton), while the price for Turkey ($6,279 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 North Macedonia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Croatia (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $16,418 per ton in 2022, shrinking by -8.7% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +11.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $20,568 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($38,548 per ton), while the average price for exports to the UK ($10,913 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 Bosnia and Herzegovina (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Croatia
Imports of cutlery; other than plated with precious metals into Croatia skyrocketed to 221 tons in 2022, with an increase of 25% on 2021. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 soared to $3M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 573 | 385 | 596 | 959 | 18.7% |
| Italy | 643 | 350 | 614 | 623 | -1.0% |
| Germany | 470 | 370 | 478 | 480 | 0.7% |
| China | 152 | 163 | 174 | 169 | 3.6% |
| Netherlands | 132 | 340 | 84.3 | 152 | 4.8% |
| Slovakia | 129 | 75.4 | 160 | 145 | 4.0% |
| Spain | 74.7 | 55.3 | 70.6 | 123 | 18.1% |
| Austria | 168 | 79.7 | 61.1 | 109 | -13.4% |
| Hungary | 75.1 | 49.8 | 48.0 | 50.5 | -12.4% |
| Turkey | 40.1 | 17.7 | 39.1 | 50.1 | 7.7% |
| Poland | 38.4 | 42.4 | 40.3 | 37.2 | -1.1% |
| Others | 200 | 145 | 144 | 105 | -19.3% |
| Total | 2,695 | 2,073 | 2,509 | 3,003 | 3.7% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Croatia in 2022:
- Slovenia (60.2 tons)
- Germany (39.2 tons)
- Italy (39.1 tons)
- China (15.2 tons)
- Slovakia (14.9 tons)
- Netherlands (13.4 tons)
- Spain (12.5 tons)
- Hungary (6.3 tons)
- Austria (5.8 tons)
- Turkey (5.5 tons)
- Poland (2.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Croatia
In 2022, after three years of growth, there was significant decline in shipments abroad of cutlery; other than plated with precious metals, when their volume decreased by -27.8% to 14 tons. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.2% 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 +33.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, the exports reached the peak of 19 tons, and then fell markedly in the following year.
In value terms, exports of cutlery; other than plated with precious metals shrank dramatically to $226K in 2022. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 79%. As a result, the exports reached the peak of $343K, and then fell dramatically in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 34.6 | 68.3 | 71.1 | 62.6 | 21.9% |
| Slovenia | 9.5 | 30.7 | 61.2 | 61.3 | 86.2% |
| Italy | 42.0 | 6.9 | 32.5 | 19.9 | -22.0% |
| Montenegro | 21.9 | 15.1 | 14.3 | 17.4 | -7.4% |
| Serbia | 5.9 | 9.3 | 43.8 | 16.7 | 41.5% |
| Bosnia and Herzegovina | 32.3 | 26.1 | 31.3 | 15.2 | -22.2% |
| United Kingdom | N/A | 0.1 | 0.3 | 6.3 | 693.7% |
| Netherlands | N/A | 21.7 | 66.1 | 1.4 | -74.6% |
| Others | 25.3 | 13.4 | 22.1 | 25.3 | 0.0% |
| Total | 172 | 192 | 343 | 226 | 9.5% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Croatia in 2022:
- Hungary (4.3 tons)
- Slovenia (4.2 tons)
- Montenegro (1.1 tons)
- Serbia (0.9 tons)
- Bosnia and Herzegovina (0.8 tons)
- United Kingdom (0.6 tons)
- Italy (0.5 tons)
- Netherlands (0.1 tons)
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