Price for Cutlery; Other than Plated with Precious Metal in Ecuador - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Ecuador (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Ecuador (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Ecuador
- Exports of Cutlery; Other than Plated with Precious Metal in Ecuador
Price for Cutlery; Other than Plated with Precious Metal in Ecuador (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $5,118 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $5,926 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Brazil ($9,448 per ton), while the price for China ($4,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cutlery; Other than Plated with Precious Metal in Ecuador (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $8,349 per ton in 2022, rising by 49% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 decreased by -21.8% against 2020 indices. The export price peaked at $10,678 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($25,143 per ton), while the average price for exports to Panama ($6,087 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 Moldova (+39.0%), while the prices for the other major destinations experienced a decline.
Imports of Cutlery; Other than Plated with Precious Metal in Ecuador
In 2022, approx. 918 tons of cutlery; other than plated with precious metals were imported into Ecuador; rising by 117% on 2021 figures. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cutlery; other than plated with precious metals skyrocketed to $4.7M in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cutlery; Other than Plated with Precious Metal in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 999 | 2,219 | 738 | 3,052 | 45.1% |
| Brazil | 772 | 584 | 842 | 927 | 6.3% |
| Peru | 247 | 153 | 267 | 427 | 20.0% |
| India | 104 | 29.1 | 37.9 | 102 | -0.6% |
| Others | 177 | 106 | 264 | 189 | 2.2% |
| Total | 2,300 | 3,091 | 2,150 | 4,697 | 26.9% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Ecuador in 2022:
- China (725.7 tons)
- Brazil (98.1 tons)
- Peru (56.6 tons)
- India (18.1 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Ecuador
In 2022, after three years of growth, there was significant decline in overseas shipments of cutlery; other than plated with precious metals, when their volume decreased by -70.4% to 129 kg. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 151% against the previous year. As a result, the exports reached the peak of 436 kg, and then shrank sharply in the following year.
In value terms, exports of cutlery; other than plated with precious metals contracted dramatically to $1.1K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year.
| Export of Cutlery; Other than Plated with Precious Metal in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | 1,107 | 560 | -49.4% |
| United States | N/A | N/A | N/A | 352 | 0% |
| Bolivia | 980 | N/A | N/A | 165 | -44.8% |
| Bermuda | N/A | 431 | 1,130 | N/A | 162.2% |
| Guatemala | N/A | 1,320 | N/A | N/A | 0% |
| Costa Rica | 9.0 | 107 | 122 | N/A | 268.2% |
| Others | 110 | N/A | 88.0 | N/A | -10.6% |
| Total | 1,099 | 1,858 | 2,447 | 1,077 | -0.7% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Ecuador in 2022:
- Panama (92.0 kg)
- Bolivia (23.0 kg)
- United States (14.0 kg)
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