Price for Cutlery; Other than Plated with Precious Metal in Luxembourg - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Luxembourg (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Luxembourg (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Luxembourg
- Exports of Cutlery; Other than Plated with Precious Metal in Luxembourg
Price for Cutlery; Other than Plated with Precious Metal in Luxembourg (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $15,502 per ton, surging by 9.7% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cutlery; other than plated with precious metals increased by +96.1% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($38,469 per ton), while the price for the United Arab Emirates ($5,407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Luxembourg (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $27,787 per ton, with an increase of 9.5% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($35,612 per ton), while the average price for exports to the Netherlands ($14,609 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 Russia (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Luxembourg
In 2022, purchases abroad of cutlery; other than plated with precious metals increased by 13% to 73 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt descent.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $1.1M in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 254 | 205 | 285 | 343 | 10.5% |
| Germany | 294 | 165 | 193 | 233 | -7.5% |
| Belgium | 148 | 269 | 294 | 228 | 15.5% |
| Vietnam | 86.4 | 0.2 | 0.1 | 163 | 23.6% |
| Netherlands | 20.2 | 31.0 | 53.1 | 85.1 | 61.5% |
| Spain | 1.7 | 14.5 | 14.0 | 22.9 | 137.9% |
| United Arab Emirates | 27.0 | 20.1 | 18.3 | 17.7 | -13.1% |
| China | 131 | 4.7 | 12.4 | 9.4 | -58.4% |
| Others | 148 | 54.4 | 47.3 | 33.1 | -39.3% |
| Total | 1,110 | 764 | 917 | 1,136 | 0.8% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Luxembourg in 2022:
- France (22.4 tons)
- Belgium (19.5 tons)
- Germany (12.7 tons)
- Netherlands (8.3 tons)
- Vietnam (4.2 tons)
- United Arab Emirates (3.3 tons)
- Spain (1.2 tons)
- China (0.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Luxembourg
In 2022, exports of cutlery; other than plated with precious metals from Luxembourg reached 11 tons, growing by 12% on 2021 figures. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year.
In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $301K in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 155%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 13.5 | N/A | 126 | 87.3 | 86.3% |
| France | 75.2 | 38.8 | 44.0 | 84.5 | 4.0% |
| Germany | 20.5 | 13.5 | 28.1 | 68.9 | 49.8% |
| Greece | 0.8 | 0.4 | 1.1 | 23.9 | 210.3% |
| Netherlands | 13.2 | 6.0 | 23.6 | 6.4 | -21.4% |
| Italy | 0.2 | N/A | 3.2 | 5.1 | 194.3% |
| Belgium | 18.7 | 12.9 | 4.1 | 3.8 | -41.2% |
| Russia | 74.6 | 2.6 | 7.1 | N/A | -69.1% |
| Others | 26.3 | 22.2 | 8.3 | 21.1 | -7.1% |
| Total | 243 | 96.5 | 246 | 301 | 7.4% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Luxembourg in 2022:
- France (3.7 tons)
- United Kingdom (2.7 tons)
- Germany (1.9 tons)
- Greece (0.9 tons)
- Netherlands (0.4 tons)
- Italy (0.2 tons)
- Belgium (0.2 tons)
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