Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore - 2023
Contents:
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (CIF) - 2022
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (FOB) - 2022
- Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore
- Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (CIF) - 2022
The average import price for knives with cutting blades, serrated or not (including pruning knives)s stood at $5.4 per unit in 2022, declining by -20.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The import price peaked at $11 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($5.6 per unit) and Portugal ($5.6 per unit), while the price for Brazil ($5.2 per unit) and China ($5.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-4.3%), while the prices for the other major suppliers experienced a decline.
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (FOB) - 2022
In 2022, the average export price for knives with cutting blades, serrated or not (including pruning knives)s amounted to $15 per unit, with a decrease of -8.8% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. As a result, the export price reached the peak level of $39 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($15 per unit) and Japan ($15 per unit), while the average price for exports to Indonesia ($15 per unit) and Malaysia ($15 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-3.9%), while the prices for the other major destinations experienced a decline.
Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore
In 2022, imports of knives with cutting blades, serrated or not (including pruning knives)s into Singapore soared to 150K units, increasing by 44% compared with the previous year's figure. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of knives with cutting blades, serrated or not (including pruning knives)s rose sharply to $809K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 222 | 415 | 220 | 255 | 4.7% |
| Germany | 96.2 | 107 | 244 | 246 | 36.7% |
| Spain | 47.1 | 29.5 | 47.7 | 60.8 | 8.9% |
| Belgium | N/A | 0.2 | 0.1 | 59.0 | 1617.6% |
| Japan | 11.3 | 44.8 | 92.8 | 39.9 | 52.3% |
| Portugal | 0.3 | 0.1 | 0.1 | 34.1 | 384.4% |
| Malaysia | 10.0 | 3.1 | 16.3 | 29.8 | 43.9% |
| United States | 21.5 | 10.6 | 18.0 | 20.8 | -1.1% |
| Others | 78.3 | 38.6 | 70.5 | 63.9 | -6.5% |
| Total | 487 | 649 | 710 | 809 | 18.4% |
Top Suppliers of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) to Singapore in 2022:
- China (47.5K units)
- Germany (45.8K units)
- Spain (11.3K units)
- Belgium (10.5K units)
- Japan (7.4K units)
- Portugal (6.1K units)
- Malaysia (5.6K units)
- United States (3.9K units)
Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore
After two years of decline, overseas shipments of knives with cutting blades, serrated or not (including pruning knives)s increased by 353% to 11K units in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of knives with cutting blades, serrated or not (including pruning knives)s soared to $162K in 2022. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 27.1 | 9.3 | 10.1 | 65.9 | 34.5% |
| Japan | N/A | N/A | 2.7 | 54.0 | 1900.0% |
| Indonesia | 23.0 | 10.5 | 20.9 | 39.4 | 19.7% |
| Vietnam | 11.1 | 0.3 | 2.3 | 0.3 | -70.0% |
| Hong Kong SAR | 5.0 | 60.1 | 0.3 | 0.3 | -60.9% |
| China | 8.4 | 7.5 | N/A | N/A | -10.7% |
| United Kingdom | 18.9 | N/A | 1.2 | N/A | -74.8% |
| Others | 6.4 | 0.7 | 1.8 | 2.0 | -32.1% |
| Total | 100 | 88.5 | 39.2 | 162 | 17.4% |
Top Export Markets for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) from Singapore in 2022:
- Malaysia (4.4K units)
- Japan (3.6K units)
- Indonesia (2.7K units)
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