Asia: Clasp Knife Market 2025

Clasp Knife Market Size in Asia

In 2022, the Asian clasp knife market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Clasp Knife Production in Asia

In value terms, clasp knife production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 9.7%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Clasp Knife Exports

Exports in Asia

In 2022, approx. X units of clasp knives were exported in Asia; jumping by 17% on the previous year's figure. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 63%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, clasp knife exports declined to $X in 2022. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 94% of total exports in 2022. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the clasp knives exports, with a CAGR of +11.1% from 2012 to 2022. At the same time, Japan (+3.7%) displayed positive paces of growth. While the share of China (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-2.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest clasp knife supplier in Asia, comprising 80% of total exports. The second position in the ranking was held by Japan ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +7.9%.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, dropping by -20.9% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2020 when the export price increased by 4.8%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.8%).

Clasp Knife Imports

Imports in Asia

In 2022, clasp knife imports in Asia was estimated at X units, with an increase of 8.1% on the previous year. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, clasp knife imports shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, India (X units), distantly followed by Thailand (X units), Japan (X units), Indonesia (X units) and South Korea (X units) were the key importers of clasp knives, together creating 69% of total imports. The following importers - Israel (X units), Taiwan (Chinese) (X units), Vietnam (X units), Turkey (X units), Kazakhstan (X units), Singapore (X units), Malaysia (X units) and the United Arab Emirates (X units) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 39% of total imports. Indonesia, Taiwan (Chinese), Singapore, Thailand, the United Arab Emirates, Turkey, Israel, Vietnam, Malaysia and Kazakhstan lagged somewhat behind, together accounting for a further 40%.

Indonesia, with a CAGR of +33.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, declining by -13.3% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2020 when the import price increased by 3.4%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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