Price for Cutlery; Other than Plated with Precious Metal in Switzerland - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Switzerland (CIF) - 2024
- Price for Cutlery; Other than Plated with Precious Metal in Switzerland (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Switzerland
- Exports of Cutlery; Other than Plated with Precious Metal in Switzerland
Price for Cutlery; Other than Plated with Precious Metal in Switzerland (CIF) - 2024
The average import price for cutlery; other than plated with precious metals stood at $24,205 per ton in January 2024, approximately equating the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2023 an increase of 21% against the previous month. The import price peaked at $24,557 per ton in December 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was France ($97,880 per ton), while the price for China ($18,201 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Switzerland (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $57,228 per ton, increasing by 12% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17%. The export price peaked at $65,471 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($112,827 per ton), while the average price for exports to Democratic Republic of the Congo ($166 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 Australia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Switzerland
In 2022, the amount of cutlery; other than plated with precious metals imported into Switzerland expanded slightly to 881 tons, surging by 1.6% on the year before. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cutlery; other than plated with precious metals rose to $17M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 7.0 | 10.3 | 9.5 | 7.7% |
| Germany | 1.4 | 1.7 | 2.0 | 2.1 | 14.5% |
| Vietnam | 1.2 | 0.7 | 0.7 | 1.3 | 2.7% |
| Italy | 0.8 | 0.7 | 1.0 | 1.0 | 7.7% |
| Indonesia | 0.5 | 0.5 | 0.5 | 0.8 | 17.0% |
| France | 0.6 | 0.4 | 0.4 | 0.8 | 10.1% |
| Others | 1.1 | 1.1 | 0.9 | 1.0 | -3.1% |
| Total | 13.1 | 12.0 | 15.8 | 16.5 | 8.0% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Switzerland in 2022:
- China (616.7 tons)
- Germany (77.9 tons)
- Indonesia (56.4 tons)
- Vietnam (49.7 tons)
- Italy (29.8 tons)
- France (15.9 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Switzerland
In 2022, the amount of cutlery; other than plated with precious metals exported from Switzerland dropped markedly to 31 tons, with a decrease of -17.9% against 2021 figures. Over the period under review, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports reached the peak of 37 tons, and then fell significantly in the following year.
In value terms, exports of cutlery; other than plated with precious metals fell to $1.8M in 2022. The total export value increased at an average annual rate of +1.3% 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 with an increase of 46%. As a result, the exports attained the peak of $1.9M, and then reduced in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 601 | 517 | 773 | 707 | 5.6% |
| United States | 55.0 | 38.7 | 136 | 173 | 46.5% |
| Denmark | 111 | 162 | 153 | 140 | 8.0% |
| Australia | 34.3 | 75.4 | 89.4 | 96.8 | 41.3% |
| United Kingdom | 92.7 | 42.6 | 98.6 | 82.7 | -3.7% |
| France | 370 | 113 | 87.1 | 80.0 | -40.0% |
| South Africa | 30.3 | 29.4 | 57.4 | 41.6 | 11.1% |
| Norway | 48.6 | 25.6 | 71.8 | 28.2 | -16.6% |
| Austria | 25.5 | 12.7 | 11.8 | 6.4 | -36.9% |
| Serbia | 6.8 | 0.2 | 2.2 | 5.0 | -9.7% |
| Cameroon | N/A | N/A | N/A | 3.6 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.1 | 0% |
| Others | 310 | 282 | 420 | 386 | 7.6% |
| Total | 1,685 | 1,299 | 1,900 | 1,751 | 1.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Switzerland in 2022:
- Germany (14.3 tons)
- Denmark (2.2 tons)
- France (2.1 tons)
- United States (1.6 tons)
- Australia (1.1 tons)
- Serbia (1.1 tons)
- United Kingdom (0.7 tons)
- Democratic Republic of the Congo (0.6 tons)
- Austria (0.6 tons)
- Cameroon (0.6 tons)
- South Africa (0.5 tons)
- Norway (0.4 tons)
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