Price for Cutlery; Other than Plated with Precious Metal in Guatemala - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Guatemala (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Guatemala (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Guatemala
- Exports of Cutlery; Other than Plated with Precious Metal in Guatemala
Price for Cutlery; Other than Plated with Precious Metal in Guatemala (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $3,768 per ton, falling by -2.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, import price attained the peak level of $4,101 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,577 per ton), while the price for China ($3,174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Guatemala (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $10,148 per ton in 2022, growing by 37% against the previous year. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2017 an increase of 104%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($16,230 per ton), while the average price for exports to Cuba ($614 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 South Korea (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Guatemala
In 2022, imports of cutlery; other than plated with precious metals into Guatemala rose slightly to 698 tons, growing by 5% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cutlery; other than plated with precious metals totaled $2.6M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Cutlery; Other than Plated with Precious Metal in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,174 | 952 | 1,722 | 2,060 | 20.6% |
| Brazil | 109 | 101 | 113 | 166 | 15.1% |
| United States | 341 | 200 | 230 | 159 | -22.5% |
| El Salvador | 71.6 | 99.9 | 106 | 0.2 | -85.9% |
| Others | 291 | 206 | 389 | 245 | -5.6% |
| Total | 1,987 | 1,558 | 2,561 | 2,630 | 9.8% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Guatemala in 2022:
- China (649.1 tons)
- Brazil (15.5 tons)
- United States (12.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Guatemala
In 2022, the amount of cutlery; other than plated with precious metals exported from Guatemala dropped markedly to 9.4 tons, reducing by -44.1% on the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 298% against the previous year. As a result, the exports reached the peak of 17 tons, and then shrank significantly in the following year.
In value terms, exports of cutlery; other than plated with precious metals fell dramatically to $96K in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 612% against the previous year. As a result, the exports attained the peak of $125K, and then shrank dramatically in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 48.0 | 10.5 | 57.2 | 54.1 | 4.1% |
| Honduras | 12.0 | 2.8 | 17.4 | 26.2 | 29.7% |
| Nicaragua | 2.7 | 1.6 | 9.0 | 8.3 | 45.4% |
| Panama | 1.5 | 0.7 | 2.7 | 3.3 | 30.1% |
| South Korea | N/A | 1.0 | 0.1 | 1.4 | 18.3% |
| Mexico | 0.2 | N/A | 0.7 | 1.3 | 86.6% |
| Canada | N/A | N/A | N/A | 0.4 | 0% |
| United States | 0.1 | 0.4 | 1.3 | N/A | 260.6% |
| Costa Rica | N/A | 0.3 | 33.1 | N/A | 10933.3% |
| Others | 1.2 | 0.2 | 3.5 | 0.5 | -25.3% |
| Total | 65.7 | 17.5 | 125 | 95.5 | 13.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Guatemala in 2022:
- El Salvador (3.3 tons)
- Honduras (2.2 tons)
- Nicaragua (1.6 tons)
- Panama (0.6 tons)
- Canada (0.5 tons)
- Mexico (0.5 tons)
- South Korea (0.4 tons)
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