Price for Cutlery; Other than Plated with Precious Metal in Canada - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Canada (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Canada (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Canada
- Exports of Cutlery; Other than Plated with Precious Metal in Canada
Price for Cutlery; Other than Plated with Precious Metal in Canada (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $13,162 per ton, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($13,163 per ton) and India ($13,163 per ton), while the price for Taiwan (Chinese) ($13,163 per ton) and China ($13,163 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Canada (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $10,865 per ton, dropping by -24.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27%. Over the period under review, the average export prices reached the maximum at $24,847 per ton in 2018; however, from 2019 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 Iraq ($24,248 per ton), while the average price for exports to Kenya ($10,364 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 Iraq (+5.7%), while the prices for the other major destinations experienced a decline.
Imports of Cutlery; Other than Plated with Precious Metal in Canada
Imports of cutlery; other than plated with precious metals into Canada expanded to 2.3K tons in 2022, surging by 3.3% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $30M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.5 | 13.0 | 17.7 | 19.7 | 4.0% |
| Vietnam | 4.1 | 2.8 | 3.0 | 5.4 | 9.6% |
| United States | 1.2 | 1.1 | 1.2 | 1.6 | 10.1% |
| India | 0.8 | 0.6 | 1.0 | 1.3 | 17.6% |
| Others | 2.3 | 1.5 | 2.2 | 2.3 | 0.0% |
| Total | 26.0 | 19.0 | 25.1 | 30.3 | 5.2% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Canada in 2022:
- China (1495.8 tons)
- Vietnam (409.4 tons)
- United States (124.6 tons)
- India (96.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Canada
For the fourth consecutive year, Canada recorded growth in shipments abroad of cutlery; other than plated with precious metals, which increased by 21% to 211 tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 62%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of cutlery; other than plated with precious metals reduced to $2.3M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $2.5M, and then fell in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,374 | 1,381 | 1,683 | 1,449 | 1.8% |
| Kenya | N/A | 82.3 | 110 | 147 | 33.6% |
| Iraq | 4.8 | 34.1 | 134 | 139 | 207.1% |
| Switzerland | 12.1 | 28.9 | 18.3 | 72.0 | 81.2% |
| Belgium | 24.3 | 63.8 | 68.7 | 71.3 | 43.2% |
| Democratic Republic of the Congo | N/A | 6.9 | 65.3 | 41.9 | 146.4% |
| Turkey | 0.2 | N/A | 35.4 | 41.6 | 492.5% |
| Others | 373 | 241 | 415 | 335 | -3.5% |
| Total | 1,789 | 1,838 | 2,530 | 2,298 | 8.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Canada in 2022:
- United States (139.8 tons)
- Kenya (14.2 tons)
- Switzerland (7.0 tons)
- Belgium (6.9 tons)
- Iraq (5.7 tons)
- Turkey (4.0 tons)
- Democratic Republic of the Congo (4.0 tons)
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