Price for Cutlery; Other than Plated with Precious Metal in Estonia - 2023
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Estonia (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Estonia (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Estonia
- Exports of Cutlery; Other than Plated with Precious Metal in Estonia
Price for Cutlery; Other than Plated with Precious Metal in Estonia (CIF) - 2022
In 2022, the average import price for cutlery; other than plated with precious metals amounted to $16,357 per ton, growing by 2.5% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +14.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 50%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Italy ($24,068 per ton), while the price for Poland ($9,611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Estonia (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $18,839 per ton, surging by 46% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 101% against the previous year. The export price peaked at $37,060 per ton in 2019; however, from 2020 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 Finland ($36,194 per ton), while the average price for exports to Russia ($7,381 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 Cyprus (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in Estonia
Imports of cutlery; other than plated with precious metals into Estonia shrank to 70 tons in 2022, falling by -10.4% compared with 2021 figures. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 78 tons, and then dropped in the following year.
In value terms, imports of cutlery; other than plated with precious metals dropped to $1.1M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of $1.2M, and then dropped in the following year.
| Import of Cutlery; Other than Plated with Precious Metal in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 52.8 | 104 | 151 | 191 | 53.5% |
| Finland | 108 | 185 | 215 | 164 | 14.9% |
| Germany | 35.6 | 154 | 240 | 150 | 61.5% |
| China | 343 | 83.2 | 57.5 | 121 | -29.3% |
| Lithuania | 11.7 | 128 | 127 | 90.8 | 98.0% |
| Italy | 119 | 41.4 | 164 | 86.5 | -10.1% |
| Spain | 28.6 | 75.0 | 51.6 | 73.3 | 36.9% |
| Poland | 15.1 | 39.5 | 44.7 | 50.5 | 49.5% |
| Brazil | 57.2 | N/A | N/A | N/A | 0% |
| Others | 195 | 137 | 197 | 219 | 3.9% |
| Total | 966 | 947 | 1,248 | 1,146 | 5.9% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Estonia in 2022:
- Latvia (14.3 tons)
- Germany (9.3 tons)
- Finland (7.7 tons)
- Lithuania (7.1 tons)
- China (7.0 tons)
- Poland (5.3 tons)
- Spain (3.7 tons)
- Italy (3.6 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Estonia
In 2022, overseas shipments of cutlery; other than plated with precious metals decreased by -42.5% to 3.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 172% against the previous year.
In value terms, exports of cutlery; other than plated with precious metals fell notably to $64K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of $88K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cutlery; Other than Plated with Precious Metal in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 8.3 | 38.1 | 7.2 | 24.1 | 42.7% |
| Latvia | 3.4 | 6.1 | 7.7 | 10.6 | 46.1% |
| Lithuania | 2.4 | 4.3 | 11.1 | 8.7 | 53.6% |
| Russia | 16.8 | 29.3 | 27.4 | 8.5 | -20.3% |
| Italy | 0.1 | 0.1 | 0.3 | 4.1 | 244.8% |
| Norway | 8.5 | 3.4 | 9.5 | 0.7 | -56.5% |
| Others | 6.7 | 6.5 | 12.7 | 6.9 | 1.0% |
| Total | 46.1 | 87.8 | 76.0 | 63.6 | 11.3% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Estonia in 2022:
- Russia (1157.0 kg)
- Finland (666.0 kg)
- Lithuania (640.0 kg)
- Latvia (523.0 kg)
- Italy (157.0 kg)
- Norway (13.0 kg)
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