Price for Cutlery; Other than Plated with Precious Metal in South Africa - 2024
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in South Africa (CIF) - 2024
- Price for Cutlery; Other than Plated with Precious Metal in South Africa (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in South Africa
- Exports of Cutlery; Other than Plated with Precious Metal in South Africa
Price for Cutlery; Other than Plated with Precious Metal in South Africa (CIF) - 2024
The average import price for cutlery; other than plated with precious metals stood at $2,523 per ton in January 2024, increasing by 8.3% against the previous month. In general, import price indicated a mild increase from January 2023 to January 2024: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for cutlery; other than plated with precious metals increased by +13.6% against August 2023 indices. The pace of growth was the most pronounced in February 2023 an increase of 68% month-to-month. As a result, import price attained the peak level of $3,511 per ton. From March 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was India ($3,078 per ton), while the price for China amounted to $2,332 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Cutlery; Other than Plated with Precious Metal in South Africa (FOB) - 2022
The average export price for cutlery; other than plated with precious metals stood at $5,997 per ton in 2022, growing by 6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($8,303 per ton), while the average price for exports to Lesotho ($3,308 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 Swaziland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cutlery; Other than Plated with Precious Metal in South Africa
In 2022, approx. 2.6K tons of cutlery; other than plated with precious metals were imported into South Africa; jumping by 15% compared with the year before. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.1% 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 +53.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of cutlery; other than plated with precious metals reached $7.1M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Cutlery; Other than Plated with Precious Metal in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 4.1 | 5.6 | 5.7 | 0.0% |
| India | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Others | 0.7 | 0.5 | 0.9 | 1.0 | 12.6% |
| Total | 6.8 | 4.8 | 6.8 | 7.1 | 1.4% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to South Africa in 2022:
- China (2456.3 tons)
- India (81.1 tons)
Exports of Cutlery; Other than Plated with Precious Metal in South Africa
In 2022, exports of cutlery; other than plated with precious metals from South Africa shrank slightly to 327 tons, therefore, remained relatively stable against the previous year. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 0.5%.
In value terms, exports of cutlery; other than plated with precious metals amounted to $2M in 2022. Overall, exports showed a pronounced downturn.
| Export of Cutlery; Other than Plated with Precious Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 644 | 516 | 581 | 551 | -5.1% |
| Botswana | 403 | 396 | 408 | 371 | -2.7% |
| Zambia | 145 | 73.9 | 163 | 159 | 3.1% |
| Swaziland | 148 | 77.4 | 103 | 120 | -6.8% |
| Lesotho | 93.3 | 93.0 | 92.6 | 113 | 6.6% |
| Mozambique | 103 | 69.4 | 75.1 | 113 | 3.1% |
| Zimbabwe | 49.8 | 55.5 | 68.8 | 85.5 | 19.7% |
| Malawi | 170 | 352 | 23.5 | 84.4 | -20.8% |
| Angola | 49.4 | 17.2 | 32.2 | 37.4 | -8.9% |
| Others | 418 | 298 | 317 | 327 | -7.9% |
| Total | 2,222 | 1,949 | 1,864 | 1,961 | -4.1% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from South Africa in 2022:
- Namibia (75.0 tons)
- Botswana (70.6 tons)
- Lesotho (34.1 tons)
- Swaziland (25.6 tons)
- Zambia (24.4 tons)
- Mozambique (23.3 tons)
- Zimbabwe (18.1 tons)
- Malawi (14.0 tons)
- Angola (7.3 tons)
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