Price for Cutlery; Other than Plated with Precious Metal in Sri Lanka - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Sri Lanka (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Sri Lanka (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Sri Lanka
- Exports of Cutlery; Other than Plated with Precious Metal in Sri Lanka
Price for Cutlery; Other than Plated with Precious Metal in Sri Lanka (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $6,924 per ton in 2022, with an increase of 21% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +56.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. As a result, import price attained the peak level of $7,861 per ton. From 2014 to 2022, the average 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 the Netherlands ($15,431 per ton), while the price for India ($3,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cutlery; Other than Plated with Precious Metal in Sri Lanka (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $3,160 per ton, falling by -43.7% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure at $10,617 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($13,083 per ton), while the average price for exports to Jordan ($620 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 Poland (+305.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Sri Lanka
Imports of cutlery; other than plated with precious metals into Sri Lanka shrank sharply to 84 tons in 2022, which is down by -75.3% against 2021. Overall, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals fell notably to $580K in 2022. In general, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year.
| Import of Cutlery; Other than Plated with Precious Metal in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,756 | 1,062 | 1,662 | 391 | -39.4% |
| Netherlands | 2.7 | 1.1 | N/A | 103 | 236.6% |
| India | 263 | 270 | 236 | 59.7 | -39.0% |
| Others | 130 | 54.2 | 51.3 | 26.3 | -41.3% |
| Total | 2,152 | 1,388 | 1,949 | 580 | -35.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Sri Lanka in 2022:
- China (58.4 tons)
- India (16.4 tons)
- Netherlands (6.7 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Sri Lanka
In 2022, exports of cutlery; other than plated with precious metals from Sri Lanka soared to 19 tons, increasing by 114% compared with the previous year's figure. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 680%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cutlery; other than plated with precious metals soared to $61K in 2022. In general, exports recorded a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 323% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cutlery; Other than Plated with Precious Metal in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | N/A | N/A | 22.8 | 323.6% |
| Maldives | 43.9 | N/A | 22.6 | 7.9 | -43.5% |
| Jordan | N/A | N/A | N/A | 7.4 | 0% |
| Cyprus | N/A | N/A | N/A | 4.6 | 0% |
| Azerbaijan | 0.1 | 0.2 | 0.5 | 4.1 | 244.8% |
| United Kingdom | N/A | 5.3 | N/A | 2.8 | -27.3% |
| Netherlands | 3.3 | N/A | N/A | 1.7 | -19.8% |
| Ukraine | 0.6 | N/A | N/A | 1.5 | 35.7% |
| United Arab Emirates | N/A | N/A | 0.9 | 0.5 | -44.4% |
| Costa Rica | N/A | N/A | 0.3 | N/A | 0% |
| Others | 7.9 | 6.5 | 26.2 | 7.5 | -1.7% |
| Total | 56.0 | 11.9 | 50.4 | 60.7 | 2.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Sri Lanka in 2022:
- Jordan (11.9 tons)
- Germany (1.9 tons)
- Ukraine (0.9 tons)
- Azerbaijan (0.9 tons)
- United Arab Emirates (0.6 tons)
- Maldives (0.6 tons)
- Netherlands (0.4 tons)
- Cyprus (0.4 tons)
- United Kingdom (0.3 tons)
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