Price for Cutlery; Other than Plated with Precious Metal in Sweden - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Sweden (CIF) - 2023
- Price for Cutlery; Other than Plated with Precious Metal in Sweden (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Sweden
- Exports of Cutlery; Other than Plated with Precious Metal in Sweden
Price for Cutlery; Other than Plated with Precious Metal in Sweden (CIF) - 2023
In October 2023, the average import price for cutlery; other than plated with precious metals amounted to $13,326 per ton, declining by -23.2% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in August 2023 an increase of 17% against the previous month. The import price peaked at $17,348 per ton in September 2023, and then shrank sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($35,198 per ton), while the price for Spain ($6,255 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 Italy (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Sweden (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $19,580 per ton in 2022, falling by -4.9% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cutlery; other than plated with precious metals increased by +25.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 64% against the previous year. The export price peaked at $23,850 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($54,230 per ton), while the average price for exports to Denmark ($11,231 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 the United States (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Sweden
Imports of cutlery; other than plated with precious metals into Sweden rose to 876 tons in 2022, growing by 2.1% on the previous year's figure. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of cutlery; other than plated with precious metals surged to $13M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,448 | 3,026 | 4,127 | 3,855 | 3.8% |
| Germany | 1,469 | 1,209 | 1,670 | 2,852 | 24.8% |
| Denmark | 763 | 1,211 | 1,474 | 1,319 | 20.0% |
| Vietnam | 195 | 165 | 579 | 732 | 55.4% |
| Norway | 93.8 | 386 | 415 | 645 | 90.2% |
| Italy | 626 | 277 | 439 | 617 | -0.5% |
| Indonesia | 366 | 291 | 373 | 504 | 11.3% |
| Netherlands | 351 | 105 | 228 | 399 | 4.4% |
| Spain | 204 | 119 | 185 | 212 | 1.3% |
| Others | 1,098 | 799 | 1,270 | 1,499 | 10.9% |
| Total | 8,614 | 7,588 | 10,761 | 12,633 | 13.6% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Sweden in 2022:
- China (318.2 tons)
- Germany (191.0 tons)
- Indonesia (70.2 tons)
- Denmark (51.5 tons)
- Netherlands (44.4 tons)
- Norway (42.1 tons)
- Vietnam (32.1 tons)
- Italy (21.6 tons)
- Spain (7.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Sweden
Exports of cutlery; other than plated with precious metals from Sweden reduced to 148 tons in 2022, dropping by -8.5% against 2021 figures. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1.9%.
In value terms, exports of cutlery; other than plated with precious metals contracted to $2.9M in 2022. Overall, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2020 when exports increased by 3.1%.
| Export of Cutlery; Other than Plated with Precious Metal in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 736 | 912 | 1,334 | 1,091 | 14.0% |
| Finland | 380 | 436 | 378 | 400 | 1.7% |
| Germany | 164 | 157 | 276 | 285 | 20.2% |
| Denmark | 1,017 | 941 | 299 | 236 | -38.5% |
| Poland | 99.8 | 73.1 | 77.7 | 122 | 6.9% |
| United States | 77.2 | 85.5 | 153 | 102 | 9.7% |
| United Kingdom | 104 | 67.4 | 73.6 | 79.4 | -8.6% |
| Netherlands | 67.5 | 44.0 | 83.5 | 61.8 | -2.9% |
| Estonia | 22.1 | 19.5 | 25.9 | 35.6 | 17.2% |
| China | 51.0 | 56.0 | 42.8 | 8.4 | -45.2% |
| Others | 462 | 489 | 580 | 471 | 0.6% |
| Total | 3,181 | 3,280 | 3,323 | 2,891 | -3.1% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Sweden in 2022:
- Norway (41.1 tons)
- Finland (28.5 tons)
- Denmark (21.0 tons)
- Germany (13.0 tons)
- Poland (7.1 tons)
- United Kingdom (3.1 tons)
- Estonia (2.8 tons)
- Netherlands (2.3 tons)
- United States (1.9 tons)
- China (0.9 tons)
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