Price for Cutlery; Other than Plated with Precious Metal in Serbia - 2024

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Serbia (CIF) - 2024
2. Price for Cutlery; Other than Plated with Precious Metal in Serbia (FOB) - 2022
3. Imports of Cutlery; Other than Plated with Precious Metal in Serbia
4. Exports of Cutlery; Other than Plated with Precious Metal in Serbia

Price for Cutlery; Other than Plated with Precious Metal in Serbia (CIF) - 2024

The average import price for cutlery; other than plated with precious metals stood at $17,369 per ton in December 2023, picking up by 153% against the previous month. Over the period under review, the import price saw a strong increase. The pace of growth was the most pronounced in February 2023 when the average import price increased by 303% month-to-month. Over the period under review, average import prices attained the peak figure in December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($27,719 per ton), while the price for North Macedonia ($10,868 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cutlery; Other than Plated with Precious Metal in Serbia (FOB) - 2022

In 2022, the average export price for cutlery; other than plated with precious metals amounted to $15,021 per ton, increasing by 34% against the previous year. In general, the export price, however, recorded a slight decline. The pace of growth was the most pronounced in 2018 an increase of 47% against the previous year. The export price peaked at $17,918 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($37,647 per ton), while the average price for exports to Hungary ($7,929 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 Bulgaria (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Serbia recorded growth in supplies from abroad of cutlery; other than plated with precious metals, which increased by 40% to 173 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +83.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cutlery; other than plated with precious metals surged to $1.6M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (126.9 tons)
2. Italy (20.9 tons)
3. Turkey (5.3 tons)
4. India (4.3 tons)
5. Slovakia (3.1 tons)
6. Poland (2.8 tons)
7. Brazil (2.7 tons)

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

In 2022, the amount of cutlery; other than plated with precious metals exported from Serbia rose sharply to 13 tons, growing by 7.3% against 2021. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cutlery; other than plated with precious metals skyrocketed to $195K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Bosnia and Herzegovina (3.6 tons)
2. North Macedonia (3.1 tons)
3. Montenegro (2.5 tons)
4. Russia (1.5 tons)
5. Hungary (1.0 tons)
6. Croatia (0.8 tons)
7. Bulgaria (0.2 tons)

Source: IndexBox Market Intelligence Platform