Price for Cutlery; Other than Plated with Precious Metal in Germany - 2023

Contents:

  1. Price for Cutlery; Other than Plated with Precious Metal in Germany (CIF) - 2023
  2. Price for Cutlery; Other than Plated with Precious Metal in Germany (FOB) - 2023
  3. Imports of Cutlery; Other than Plated with Precious Metal in Germany
  4. Exports of Cutlery; Other than Plated with Precious Metal in Germany

Price for Cutlery; Other than Plated with Precious Metal in Germany (CIF) - 2023

In October 2023, the average import price for cutlery; other than plated with precious metals amounted to $13,128 per ton, falling by -3.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 21% month-to-month. The import price peaked at $14,935 per ton in April 2023; however, from May 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 Italy ($24,807 per ton), while the price for China ($10,083 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 Belgium (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Germany (FOB) - 2023

In October 2023, the average export price for cutlery; other than plated with precious metals amounted to $23,478 per ton, falling by -2.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 19% against the previous month. Over the period under review, the average export prices attained the peak figure at $24,060 per ton in September 2023, and then reduced modestly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($39,987 per ton), while the average price for exports to Poland ($12,581 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cutlery; Other than Plated with Precious Metal in Germany

In 2022, imports of cutlery; other than plated with precious metals into Germany soared to 7.4K tons, picking up by 18% on 2021 figures. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached 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 $101M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cutlery; Other than Plated with Precious Metal in Germany (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China40.929.333.239.6-1.1%
Vietnam28.421.315.730.72.6%
Netherlands1.65.57.36.055.4%
Poland4.67.08.25.88.0%
Italy2.92.74.03.34.4%
Indonesia1.61.71.42.820.5%
Belgium0.50.61.32.263.9%
India1.71.51.51.5-4.1%
Others7.99.510.59.04.4%
Total90.079.183.21013.9%

Top Suppliers of Cutlery; Other than Plated with Precious Metal to Germany in 2022:

  1. China (3462.8 tons)
  2. Vietnam (1945.3 tons)
  3. Netherlands (636.2 tons)
  4. Poland (260.7 tons)
  5. Indonesia (202.3 tons)
  6. India (176.7 tons)
  7. Belgium (148.2 tons)
  8. Italy (120.5 tons)

Exports of Cutlery; Other than Plated with Precious Metal in Germany

In 2022, the amount of cutlery; other than plated with precious metals exported from Germany expanded to 2.8K tons, surging by 4.6% on 2021 figures. The total export volume increased at an average annual rate of +3.6% over the period 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 30%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cutlery; other than plated with precious metals expanded to $56M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Cutlery; Other than Plated with Precious Metal in Germany (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland5.76.58.66.54.5%
Austria5.65.25.95.70.6%
Netherlands4.43.64.34.93.7%
France4.33.54.94.40.8%
Switzerland2.12.42.63.012.6%
Italy1.51.12.92.823.1%
Sweden1.61.41.82.516.0%
United States1.91.31.72.25.0%
Spain1.81.61.82.26.9%
United Kingdom2.31.91.72.0-4.6%
Czech Republic2.41.62.31.9-7.5%
Belgium1.31.11.31.2-2.6%
Croatia0.30.30.40.732.6%
Others14.711.814.116.43.7%
Total49.943.454.156.44.2%

Top Export Markets for Cutlery; Other than Plated with Precious Metal from Germany in 2022:

  1. Poland (391.4 tons)
  2. Italy (272.8 tons)
  3. Netherlands (270.5 tons)
  4. France (255.6 tons)
  5. Austria (249.1 tons)
  6. Spain (143.9 tons)
  7. United Kingdom (134.6 tons)
  8. Switzerland (107.6 tons)
  9. Czech Republic (105.8 tons)
  10. Sweden (104.5 tons)
  11. Belgium (66.7 tons)
  12. United States (58.2 tons)
  13. Croatia (50.4 tons)

Source: IndexBox Market Intelligence Platform

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