Price for Knives with Cutting Blades in China - 2023
Contents:
- Price for Knives with Cutting Blades in China (FOB) - 2023
- Price for Knives with Cutting Blades in China (CIF) - 2023
- Exports of Knives with Cutting Blades in China
- Imports of Knives with Cutting Blades in China
Price for Knives with Cutting Blades in China (FOB) - 2023
In September 2023, the average knives with cutting blades export price amounted to $1.2 per unit, surging by 1.6% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 10% against the previous month. As a result, the export price reached the peak level of $1.3 per unit. From November 2022 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($2.4 per unit), while the average price for exports to the United Arab Emirates ($366 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Knives with Cutting Blades in China (CIF) - 2023
The average knives with cutting blades import price stood at $4.8 per unit in September 2023, rising by 23% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 45% against the previous month. Over the period under review, average import prices reached the maximum at $6.7 per unit in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($13.6 per unit), while the price for Vietnam ($1.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Knives with Cutting Blades in China
Knives with cutting blades exports from China declined to 1.4B units in 2022, dropping by -8.2% against 2021 figures. The total export volume increased at an average annual rate of +5.7% 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 29%. As a result, the exports attained the peak of 1.6B units, and then contracted in the following year.
In value terms, knives with cutting blades exports shrank to $1.7B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +36.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $1.9B, and then contracted in the following year.
| Export of Knives with Cutting Blades in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 398 | 470 | 671 | 594 | 14.3% |
| Netherlands | 64.3 | 52.0 | 96.3 | 90.6 | 12.1% |
| Germany | 85.3 | 77.4 | 105 | 87.2 | 0.7% |
| France | 26.7 | 26.9 | 45.6 | 56.3 | 28.2% |
| United Kingdom | 42.9 | 45.2 | 65.0 | 50.8 | 5.8% |
| Russia | 37.5 | 31.7 | 92.0 | 43.5 | 5.1% |
| United Arab Emirates | 8.3 | 20.5 | 24.2 | 37.5 | 65.3% |
| Indonesia | 16.0 | 15.4 | 30.8 | 35.7 | 30.7% |
| Spain | 25.3 | 15.6 | 30.4 | 35.6 | 12.1% |
| Mexico | 21.0 | 21.0 | 34.8 | 32.8 | 16.0% |
| Brazil | 18.0 | 21.3 | 26.2 | 28.3 | 16.3% |
| Italy | 25.9 | 19.0 | 25.9 | 25.3 | -0.8% |
| India | 15.1 | 13.6 | 19.9 | 23.5 | 15.9% |
| Others | 471 | 490 | 619 | 573 | 6.8% |
| Total | 1,255 | 1,319 | 1,886 | 1,715 | 11.0% |
Top Export Markets for Knives with Cutting Blades from China in 2022:
- United States (310.8M units)
- Germany (71.0M units)
- Netherlands (66.2M units)
- United Arab Emirates (63.4M units)
- Russia (58.2M units)
- France (49.3M units)
- Brazil (43.8M units)
- Indonesia (40.8M units)
- Spain (40.7M units)
- Mexico (40.1M units)
- United Kingdom (36.1M units)
- India (35.9M units)
- Italy (35.0M units)
Imports of Knives with Cutting Blades in China
In 2022, knives with cutting blades imports into China expanded markedly to 6.2M units, picking up by 14% compared with 2021. The total import volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, knives with cutting blades imports amounted to $29M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Knives with Cutting Blades in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.0 | 6.2 | 9.2 | 10.6 | 9.8% |
| Germany | 4.2 | 3.6 | 4.8 | 4.7 | 3.8% |
| United States | 1.8 | 1.6 | 1.9 | 3.4 | 23.6% |
| Switzerland | 2.6 | 3.8 | 4.1 | 2.9 | 3.7% |
| France | 1.0 | 0.5 | 1.0 | 1.4 | 11.9% |
| Vietnam | 1.0 | 0.8 | 1.1 | 0.9 | -3.5% |
| United Kingdom | 0.3 | 0.2 | 0.5 | 0.3 | 0.0% |
| United Arab Emirates | 0.4 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 2.1 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 4.4 | 4.5 | 4.9 | 30.6% |
| Total | 23.4 | 21.1 | 27.2 | 29.0 | 7.4% |
Top Suppliers of Knives with Cutting Blades to China in 2022:
- Japan (2210.3K units)
- Vietnam (570.8K units)
- Germany (457.8K units)
- United States (328.8K units)
- Switzerland (192.8K units)
- France (166.6K units)
- United Kingdom (113.4K units)
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