Vietnam - Knives And Cutting Blades (For Machines Or For Mechanical Appliances) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Vietnam - Knives And Cutting Blades (For Machines Or For Mechanical Appliances) - Market Analysis, Forecast, Size, Trends and Insights

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Cutting Blade Price in Vietnam - 2021

Contents:

  1. Cutting Blade Price in Vietnam (CIF) - 2021
  2. Cutting Blade Price in Vietnam (FOB) - 2021
  3. Cutting Blade Imports in Vietnam
  4. Cutting Blade Exports in Vietnam

Cutting Blade Price in Vietnam (CIF) - 2021

The average cutting blade import price stood at $57,398 per ton in December 2021, waning by -2.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2021 an increase of 36% month-to-month. Over the period under review, average import prices reached the maximum at $85,711 per ton in September 2021; however, from October 2021 to December 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was South Korea ($102K per ton), while the price for the United States ($28,260 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Cutting Blade Price in Vietnam (FOB) - 2021

The average cutting blade export price stood at $42,220 per ton in December 2021, surging by 7.2% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 26% month-to-month. The export price peaked at $51,263 per ton in July 2021; however, from August 2021 to December 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($60,696 per ton), while the average price for exports to New Zealand ($31,422 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cutting Blade Imports in Vietnam

In 2022, after three years of growth, there was decline in purchases abroad of knives and cutting blades (for machines or for mechanical appliances), when their volume decreased by -4.3% to 11K tons. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 11K tons, and then fell in the following year.

In value terms, cutting blade imports reduced to $169M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of $181M, and then dropped in the following year.

Import of Cutting Blade in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China40.548.459.955.210.9%
Japan40.935.842.038.7-1.8%
South Korea33.132.329.828.8-4.5%
Taiwan (Chinese)12.19.311.410.5-4.6%
Germany7.87.68.67.90.4%
Israel1.42.54.64.244.2%
United States4.53.54.34.0-3.9%
Italy3.62.52.22.5-11.4%
Others15.615.218.117.02.9%
Total1601571811691.8%

Top Suppliers of Cutting Blade to Vietnam in 2022:

  1. China (5.3K tons)
  2. Japan (1.7K tons)
  3. South Korea (1.1K tons)
  4. Taiwan (Chinese) (0.5K tons)
  5. United States (0.4K tons)
  6. Germany (0.4K tons)
  7. Israel (0.2K tons)
  8. Italy (0.1K tons)

Cutting Blade Exports in Vietnam

Cutting blade exports from Vietnam soared to 743 tons in 2022, rising by 42% against 2021 figures. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 50%. As a result, the exports attained the peak of 960 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cutting blade exports surged to $36M in 2022. Overall, total exports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 decreased by -17.6% against 2020 indices.

Export of Cutting Blade in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States17.319.412.716.1-2.4%
Japan8.113.47.59.55.5%
China0.50.32.02.571.0%
South Korea1.82.21.21.5-5.9%
Germany0.90.51.11.313.0%
Taiwan (Chinese)1.62.21.01.2-9.1%
France1.40.90.30.5-29.1%
Others2.94.52.43.01.1%
Total34.543.428.235.81.2%

Top Export Markets for Cutting Blade from Vietnam in 2022:

  1. United States (417.4 tons)
  2. Japan (149.4 tons)
  3. China (38.5 tons)
  4. Taiwan (Chinese) (32.1 tons)
  5. South Korea (21.0 tons)
  6. Germany (20.0 tons)
  7. France (6.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cutting blade market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25736043 - Knives and cutting blades for machines or for mechanical appliances for working metal
  • Prodcom 25736045 - Knives and cutting blades for machines or for mechanical appliances for working wood
  • Prodcom 25736053 -
  • Prodcom 25736055 -
  • Prodcom 25736063 - Knives and cutting blades for agricultural, horticultural or forestry machines (excluding coulters for ploughs, discs for harrows)
  • Prodcom 25736065 - Knives and cutting blades, for machines or for mechanical appliances

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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