Price for Cutlery; Other than Plated with Precious Metal in Russia - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Russia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Russia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Russia
- Exports of Cutlery; Other than Plated with Precious Metal in Russia
Price for Cutlery; Other than Plated with Precious Metal in Russia (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $7,024 per ton in 2022, growing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $7,301 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($9,968 per ton), while the price for China ($5,924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Russia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $7,446 per ton, with a decrease of -10.1% against the previous year. Over the period under review, the export price recorded a mild slump. The growth pace was the most rapid in 2013 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $13,508 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($22,112 per ton), while the average price for exports to Armenia ($3,984 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 Moldova (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cutlery; Other than Plated with Precious Metal in Russia
In 2022, approx. 3.7K tons of cutlery; other than plated with precious metals were imported into Russia; reducing by -2.8% compared with the previous year's figure. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.4% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals totaled $26M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cutlery; Other than Plated with Precious Metal in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.8 | 19.8 | 16.5 | 17.2 | 5.1% |
| Vietnam | 2.7 | 1.6 | 1.8 | 2.8 | 1.2% |
| India | 1.3 | 0.9 | 1.4 | 1.9 | 13.5% |
| Belarus | 0.6 | 0.4 | 1.0 | N/A | 29.1% |
| Others | 3.5 | 3.3 | 4.7 | 3.7 | 1.9% |
| Total | 22.7 | 25.9 | 25.4 | 25.7 | 4.2% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Russia in 2022:
- China (2908.9 tons)
- Vietnam (281.6 tons)
- India (263.3 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Russia
In 2022, approx. 163 tons of cutlery; other than plated with precious metals were exported from Russia; which is down by -5.3% against 2021 figures. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of 172 tons, and then fell in the following year.
In value terms, exports of cutlery; other than plated with precious metals fell to $1.2M in 2022. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year.
| Export of Cutlery; Other than Plated with Precious Metal in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 262 | 342 | 526 | 706 | 39.2% |
| Kyrgyzstan | 8.3 | 8.7 | 57.2 | 112 | 138.1% |
| Moldova | 1.6 | 2.2 | 21.6 | 77.4 | 264.4% |
| France | 0.7 | 1.3 | 1.4 | 69.5 | 363.1% |
| Latvia | 6.6 | 26.6 | 29.5 | 49.3 | 95.5% |
| Mongolia | N/A | 7.5 | 23.5 | 39.8 | 130.4% |
| Estonia | 0.1 | 1.5 | 8.8 | 25.3 | 532.5% |
| Armenia | 11.1 | 2.4 | 6.9 | 13.7 | 7.3% |
| Netherlands | 594 | 3.4 | 8.8 | 9.0 | -75.3% |
| Belarus | 479 | 454 | 536 | N/A | 5.8% |
| Others | 115 | 154 | 209 | 114 | -0.3% |
| Total | 1,478 | 1,004 | 1,428 | 1,216 | -6.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Russia in 2022:
- Kazakhstan (96.2 tons)
- Kyrgyzstan (25.0 tons)
- Latvia (10.0 tons)
- Mongolia (5.2 tons)
- Moldova (4.8 tons)
- Estonia (4.1 tons)
- Armenia (3.4 tons)
- France (3.1 tons)
- Netherlands (0.5 tons)
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