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

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Romania (CIF) - 2023
2. Price for Cutlery; Other than Plated with Precious Metal in Romania (FOB) - 2022
3. Imports of Cutlery; Other than Plated with Precious Metal in Romania
4. Exports of Cutlery; Other than Plated with Precious Metal in Romania

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

The average import price for cutlery; other than plated with precious metals stood at $7,621 per ton in October 2023, rising by 6.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 55% against the previous month. Over the period under review, average import prices reached the peak figure at $9,743 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($12,540 per ton), while the price for China ($5,723 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 Bulgaria (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Romania (FOB) - 2022

The average export price for cutlery; other than plated with precious metals stood at $9,931 per ton in 2022, surging by 4.7% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth was the most pronounced in 2014 an increase of 417% against the previous year. As a result, the export price reached the peak level of $38,002 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($14,206 per ton), while the average price for exports to Italy ($2,826 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 Hungary (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of cutlery; other than plated with precious metals imported into Romania fell rapidly to 1.1K tons, waning by -28% against the previous year's figure. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.6% 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 +22.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of 1.5K tons, and then fell dramatically in the following year.

In value terms, imports of cutlery; other than plated with precious metals reduced slightly to $7.6M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $7.9M, and then fell modestly in the following year.

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

1. China (705.7 tons)
2. Germany (112.7 tons)
3. Italy (76.4 tons)
4. Hungary (66.0 tons)
5. Poland (47.5 tons)
6. France (23.9 tons)
7. Netherlands (18.8 tons)
8. India (8.9 tons)

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

After three years of growth, overseas shipments of cutlery; other than plated with precious metals decreased by -10.5% to 43 tons in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of 48 tons, and then reduced in the following year.

In value terms, exports of cutlery; other than plated with precious metals declined to $425K in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of $453K, and then dropped in the following year.

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

1. Bulgaria (6.1 tons)
2. Germany (5.7 tons)
3. Moldova (5.4 tons)
4. Greece (5.3 tons)
5. Hungary (4.2 tons)
6. Italy (3.9 tons)
7. Croatia (3.3 tons)
8. Turkey (2.9 tons)
9. Slovenia (1.5 tons)

Source: IndexBox Market Intelligence Platform