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

Contents:

1. Price for Cutlery; Other than Plated with Precious Metal in Poland (CIF) - 2023
2. Price for Cutlery; Other than Plated with Precious Metal in Poland (FOB) - 2023
3. Imports of Cutlery; Other than Plated with Precious Metal in Poland
4. Exports of Cutlery; Other than Plated with Precious Metal in Poland

Price for Cutlery; Other than Plated with Precious Metal in Poland (CIF) - 2023

The average import price for cutlery; other than plated with precious metals stood at $9,566 per ton in October 2023, shrinking by -19.8% against the previous month. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 15% month-to-month. Over the period under review, average import prices hit record highs at $15,526 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($26,555 per ton), while the price for France ($4,974 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cutlery; Other than Plated with Precious Metal in Poland (FOB) - 2023

In October 2023, the average export price for cutlery; other than plated with precious metals amounted to $18,225 per ton, dropping by -9.7% against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 33% m-o-m. As a result, the export price attained the peak level of $27,137 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($30,450 per ton), while the average price for exports to China ($5,987 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of cutlery; other than plated with precious metals into Poland expanded remarkably to 1.6K tons in 2022, surging by 12% compared with the previous year. In general, imports, however, continue to indicate a noticeable shrinkage.

In value terms, imports of cutlery; other than plated with precious metals amounted to $18M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (754.0 tons)
2. Germany (488.1 tons)
3. Netherlands (139.9 tons)
4. Italy (43.6 tons)
5. India (31.0 tons)
6. Vietnam (20.4 tons)

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

In 2022, overseas shipments of cutlery; other than plated with precious metals decreased by -18% to 543 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports reached the peak of 661 tons, and then declined rapidly in the following year.

In value terms, exports of cutlery; other than plated with precious metals fell rapidly to $10M in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 48% against the previous year.

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

1. Germany (249.2 tons)
2. Czech Republic (48.3 tons)
3. Ukraine (29.1 tons)
4. Austria (26.5 tons)
5. Romania (19.8 tons)
6. Russia (15.9 tons)
7. Hungary (15.5 tons)
8. Slovakia (13.0 tons)
9. Spain (12.7 tons)
10. Latvia (12.5 tons)
11. France (11.7 tons)
12. Italy (11.4 tons)
13. Lithuania (11.0 tons)

Source: IndexBox Market Intelligence Platform