Price for Cutlery; Other than Plated with Precious Metal in Egypt - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Egypt (FOB) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Egypt (CIF) - 2022
- Exports of Cutlery; Other than Plated with Precious Metal in Egypt
- Imports of Cutlery; Other than Plated with Precious Metal in Egypt
Price for Cutlery; Other than Plated with Precious Metal in Egypt (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $16,388 per ton, shrinking by -28.6% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 203% against the previous year. Over the period under review, the average export prices reached the maximum at $22,941 per ton in 2021, and then shrank markedly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($16,390 per ton) and Brazil ($16,389 per ton), while the average price for exports to Morocco ($16,387 per ton) and the United Arab Emirates ($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 Palestine (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Egypt (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 9.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 58% against the previous year. The import price peaked 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 Germany ($13,000 per ton) and the United States ($12,407 per ton), while the price for China ($12,294 per ton) and Italy ($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 Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cutlery; Other than Plated with Precious Metal in Egypt
After two years of decline, shipments abroad of cutlery; other than plated with precious metals increased by 138% to 118 tons in 2022. Overall, exports, however, faced a precipitous descent.
In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $1.9M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 897 | 573 | 587 | 1,187 | 9.8% |
| Lebanon | 61.2 | N/A | N/A | 198 | 47.9% |
| Tunisia | 74.1 | 74.7 | 53.9 | 152 | 27.1% |
| Kenya | 19.3 | 10.7 | 43.6 | 141 | 94.0% |
| United Arab Emirates | 30.0 | 33.5 | 46.2 | 113 | 55.6% |
| Brazil | N/A | N/A | N/A | 97.0 | 0% |
| France | 18.4 | 21.5 | 14.7 | 38.8 | 28.2% |
| Palestine | 67.6 | 65.6 | 143 | N/A | 45.4% |
| Jordan | 196 | 246 | 52.2 | N/A | -48.4% |
| Saudi Arabia | 53.1 | N/A | N/A | N/A | 0% |
| Others | 22.6 | 41.7 | 195 | N/A | 193.7% |
| Total | 1,439 | 1,067 | 1,136 | 1,927 | 10.2% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Egypt in 2022:
- Morocco (72.4 tons)
- Lebanon (12.1 tons)
- Tunisia (9.3 tons)
- Kenya (8.6 tons)
- United Arab Emirates (6.9 tons)
- Brazil (5.9 tons)
- France (2.4 tons)
Imports of Cutlery; Other than Plated with Precious Metal in Egypt
Imports of cutlery; other than plated with precious metals into Egypt shrank to 60 tons in 2022, with a decrease of -7.8% on 2021 figures. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals amounted to $743K in 2022. Overall, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 75%.
| Import of Cutlery; Other than Plated with Precious Metal in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 282 | 103 | 489 | 469 | 18.5% |
| Italy | 401 | 133 | 157 | 167 | -25.3% |
| Turkey | 27.4 | 142 | 16.4 | 53.8 | 25.2% |
| Vietnam | 11.0 | N/A | 6.5 | 50.9 | 66.6% |
| Spain | 62.0 | 0.2 | N/A | 0.1 | -88.3% |
| Brazil | N/A | 27.5 | 38.0 | N/A | 38.2% |
| Others | 63.9 | 17.5 | 31.7 | 2.5 | -66.1% |
| Total | 848 | 423 | 739 | 743 | -4.3% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Egypt in 2022:
- China (38.2 tons)
- Italy (13.6 tons)
- Turkey (4.4 tons)
- Vietnam (4.1 tons)
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