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

Contents:

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

Price for Cutlery; Other than Plated with Precious Metal in Myanmar (CIF) - 2022

The average import price for cutlery; other than plated with precious metals stood at $1,193 per ton in 2022, with a decrease of -56.6% against the previous year. In general, the import price continues to indicate a significant curtailment. The growth pace was the most rapid in 2017 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $11,912 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,678 per ton), while the price for China amounted to $934 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-8.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cutlery; other than plated with precious metals stood at $10,329 per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 561% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($21,615 per ton), while the average price for exports to South Korea ($5,565 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+266.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of cutlery; other than plated with precious metals were finally on the rise to reach 1.1K tons after two years of decline. In general, imports showed a significant expansion. 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 skyrocketed to $1.3M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cutlery; Other than Plated with Precious Metal in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China98.413692.1950112.9%
Thailand3211431033523.1%
Others10830.117.72.5-71.5%
Total5283092131,30435.2%

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

  1. China (1017.1 tons)
  2. Thailand (75.1 tons)

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

Exports of cutlery; other than plated with precious metals from Myanmar fell markedly to 222 kg in 2022, waning by -31.7% compared with the previous year's figure. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 108%.

In value terms, exports of cutlery; other than plated with precious metals fell significantly to $2.3K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 91%.

Export of Cutlery; Other than Plated with Precious Metal in Myanmar (USD)
COUNTRY2019202020212022CAGR,
2019-2022
KenyaN/AN/A2251,477556.4%
PolandN/A1.0N/A3631805.3%
SlovakiaN/AN/AN/A2810%
South KoreaN/AN/AN/A1280%
EthiopiaN/AN/A386N/A0%
United KingdomN/A1,273N/AN/A0%
France99.01331,213N/A250.0%
Serbia481N/AN/AN/A0%
Kuwait186N/AN/AN/A0%
Others62.01771,17644.0-10.8%
Total8281,5843,0002,29340.4%

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

  1. Kenya (155.0 kg)
  2. Poland (27.0 kg)
  3. South Korea (23.0 kg)
  4. Slovakia (13.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Cutlery; other than plated with precious metal - Myanmar