Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China - 2024
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (FOB) - 2024
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (CIF) - 2024
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (FOB) - 2024
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $828 per thousand units in December 2023, waning by -6.6% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 9% month-to-month. The export price peaked at $944 per thousand units in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Canada ($1.5 per unit), while the average price for exports to Iran ($238 per thousand units) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (CIF) - 2024
In December 2023, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $3.5 per unit, with an increase of 4.3% against the previous month. Overall, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 67% month-to-month. As a result, import price reached the peak level of $6.9 per unit. From October 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($12.1 per unit), while the price for Vietnam ($669 per thousand units) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China
In 2022, after three years of growth, there was decline in overseas shipments of blades; cutting, serrated or not, excluding those of heading no. 8208s, when their volume decreased by -3.3% to 73M units. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of 75M units, and then declined in the following year.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s contracted slightly to $69M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 increased by +53.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $71M, and then reduced in the following year.
Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.0 | 7.2 | 13.8 | 13.4 | 24.2% |
Germany | 5.5 | 5.3 | 7.9 | 5.8 | 1.8% |
Russia | 3.3 | 3.3 | 4.7 | 5.2 | 16.4% |
Vietnam | 1.3 | 1.7 | 2.2 | 2.5 | 24.4% |
Canada | 1.0 | 1.6 | 2.2 | 2.4 | 33.9% |
Brazil | 0.7 | 1.0 | 1.4 | 2.3 | 48.7% |
India | 1.1 | 1.0 | 1.6 | 2.1 | 24.1% |
Mexico | 1.1 | 1.3 | 1.8 | 1.9 | 20.0% |
Poland | 1.5 | 1.7 | 2.1 | 1.6 | 2.2% |
Thailand | 1.1 | 0.8 | 1.6 | 1.6 | 13.3% |
Indonesia | 0.7 | 0.6 | 1.4 | 1.5 | 28.9% |
Italy | 0.6 | 0.7 | 1.2 | 1.2 | 26.0% |
Iran | 0.5 | 0.7 | 0.8 | 0.8 | 17.0% |
Others | 19.6 | 20.6 | 27.9 | 26.6 | 10.7% |
Total | 45.1 | 47.7 | 70.7 | 69.1 | 15.3% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from China in 2022:
- Russia (9.6M units)
- United States (8.5M units)
- Germany (5.6M units)
- Indonesia (3.3M units)
- Mexico (2.9M units)
- Brazil (2.8M units)
- Vietnam (2.6M units)
- Poland (2.5M units)
- India (2.5M units)
- Italy (1.6M units)
- Thailand (1.5M units)
- Canada (1.4M units)
- Iran (1.4M units)
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China
In 2022, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s into China fell to 2.2M units, reducing by -1.6% compared with 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.4% against the previous year. As a result, imports attained the peak of 2.2M units, and then shrank modestly in the following year.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s surged to $10M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 5.4 | 4.7 | 5.7 | 6.6 | 6.9% |
United States | 1.0 | 0.9 | 0.7 | 1.2 | 6.3% |
Germany | 0.9 | 0.9 | 0.8 | 1.0 | 3.6% |
France | 0.4 | 0.3 | 0.6 | 0.7 | 20.5% |
Taiwan (Chinese) | 1.2 | 0.4 | 0.3 | 0.3 | -37.0% |
United Kingdom | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
Vietnam | N/A | 0.1 | N/A | N/A | 0% |
Others | 0.4 | 0.5 | 0.3 | 0.5 | 7.7% |
Total | 9.5 | 8.0 | 8.9 | 10.4 | 3.1% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to China in 2022:
- Japan (1135.0K units)
- Germany (350.9K units)
- United States (293.4K units)
- France (149.6K units)
- Taiwan (Chinese) (88.1K units)
- United Kingdom (57.2K units)
- Vietnam (22.7K units)
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