Price for Cutlery; Other than Plated with Precious Metal in Denmark - 2023

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Denmark (CIF) - 2023
2. Price for Cutlery; Other than Plated with Precious Metal in Denmark (FOB) - 2023
3. Imports of Cutlery; Other than Plated with Precious Metal in Denmark
4. Exports of Cutlery; Other than Plated with Precious Metal in Denmark

Price for Cutlery; Other than Plated with Precious Metal in Denmark (CIF) - 2023

The average import price for cutlery; other than plated with precious metals stood at $14,895 per ton in October 2023, reducing by -17.4% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 26% m-o-m. As a result, import price reached the peak level of $18,037 per ton, and then contracted notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($103K per ton), while the price for Spain ($244 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 Germany (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Denmark (FOB) - 2023

In October 2023, the average export price for cutlery; other than plated with precious metals amounted to $25,225 per ton, waning by -16.9% against the previous month. Over the period under review, the export price saw a perceptible reduction. The growth pace was the most rapid in July 2023 when the average export price increased by 70% against the previous month. As a result, the export price reached the peak level of $43,333 per ton. From August 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($41,998 per ton), while the average price for exports to Belgium ($6,610 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cutlery; Other than Plated with Precious Metal in Denmark

In 2022, imports of cutlery; other than plated with precious metals into Denmark shrank to 574 tons, which is down by -8.5% compared with the year before. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 6.4%.

In value terms, imports of cutlery; other than plated with precious metals totaled $7.5M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22%.

Top Suppliers of Cutlery; Other than Plated with Precious Metal to Denmark in 2022:

1. China (387.0 tons)
2. Germany (67.2 tons)
3. Vietnam (25.8 tons)
4. Netherlands (13.9 tons)
5. Sweden (13.9 tons)
6. Finland (4.9 tons)

Exports of Cutlery; Other than Plated with Precious Metal in Denmark

In 2022, exports of cutlery; other than plated with precious metals from Denmark contracted significantly to 147 tons, with a decrease of -20% compared with the previous year. In general, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, the exports attained the peak of 184 tons, and then shrank remarkably in the following year.

In value terms, exports of cutlery; other than plated with precious metals reduced to $3.8M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of $4.5M, and then dropped in the following year.

Top Export Markets for Cutlery; Other than Plated with Precious Metal from Denmark in 2022:

1. Sweden (39.1 tons)
2. Norway (31.5 tons)
3. Germany (17.7 tons)
4. United States (7.9 tons)
5. Faroe Islands (7.6 tons)
6. Netherlands (6.2 tons)
7. Finland (6.1 tons)
8. United Kingdom (5.5 tons)
9. Iceland (4.2 tons)
10. France (2.7 tons)
11. Greenland (2.6 tons)
12. Poland (1.6 tons)

Source: IndexBox Market Intelligence Platform