Price for Cutlery; Other than Plated with Precious Metal in Vietnam - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Vietnam (FOB) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Vietnam (CIF) - 2022
- Exports of Cutlery; Other than Plated with Precious Metal in Vietnam
- Imports of Cutlery; Other than Plated with Precious Metal in Vietnam
Price for Cutlery; Other than Plated with Precious Metal in Vietnam (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $10,364 per ton, rising by 2.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $24,848 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($10,364 per ton) and the United States ($10,364 per ton), while the average price for exports to France ($10,364 per ton) and Canada ($10,364 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.2%), while the prices for the other major destinations experienced a decline.
Price for Cutlery; Other than Plated with Precious Metal in Vietnam (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $13,163 per ton in 2022, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. 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 Thailand ($13,163 per ton) and Italy ($13,163 per ton), while the price for South Korea ($13,162 per ton) and Japan ($13,162 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cutlery; Other than Plated with Precious Metal in Vietnam
In 2022, approx. 17K tons of cutlery; other than plated with precious metals were exported from Vietnam; increasing by 33% against the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of cutlery; other than plated with precious metals surged to $180M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cutlery; Other than Plated with Precious Metal in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 49.8 | 44.9 | 59.1 | 58.1 | 5.3% |
| Germany | 31.6 | 22.9 | 17.1 | 34.3 | 2.8% |
| Italy | 5.6 | 3.7 | 2.6 | 21.1 | 55.6% |
| Netherlands | 16.5 | 8.0 | 16.5 | 14.7 | -3.8% |
| United Kingdom | 7.0 | 3.9 | 5.7 | 9.9 | 12.2% |
| Canada | 7.8 | 7.1 | 8.1 | 7.1 | -3.1% |
| Finland | 2.2 | 2.3 | 3.3 | 3.6 | 17.8% |
| France | 2.7 | 1.2 | 1.3 | 3.6 | 10.1% |
| Others | 27.8 | 19.8 | 18.8 | 27.2 | -0.7% |
| Total | 151 | 114 | 132 | 180 | 6.0% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Vietnam in 2022:
- United States (5.6K tons)
- Germany (3.3K tons)
- Italy (2.0K tons)
- Netherlands (1.4K tons)
- United Kingdom (1.0K tons)
- Canada (0.7K tons)
- Finland (0.4K tons)
- France (0.3K tons)
Imports of Cutlery; Other than Plated with Precious Metal in Vietnam
Imports of cutlery; other than plated with precious metals into Vietnam dropped dramatically to 287 tons in 2022, with a decrease of -15.8% on 2021 figures. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 8.4% against the previous year.
In value terms, imports of cutlery; other than plated with precious metals expanded modestly to $3.8M in 2022. In general, imports saw a pronounced decrease.
| Import of Cutlery; Other than Plated with Precious Metal in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 3.0 | 3.3 | 3.3 | -1.9% |
| Japan | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Thailand | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Total | 4.1 | 3.7 | 3.7 | 3.8 | -2.5% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Vietnam in 2022:
- China (247.9 tons)
- Japan (13.8 tons)
- Thailand (8.6 tons)
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