Asia: Cutting Blade Market 2025

Cutting Blade Market Size in Asia

The Asian cutting blade market amounted to $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Cutting Blade Production in Asia

In value terms, cutting blade production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cutting Blade Exports

Exports in Asia

In 2021, the amount of knives and cutting blades (for machines or for mechanical appliances) exported in Asia skyrocketed to X tons, jumping by 31% on the year before. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 64% of total exports in 2021. Japan (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons), South Korea (X tons), Turkey (X tons) and India (X tons). All these countries together held near 27% share of total exports. Thailand (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Turkey (+21.6%), Thailand (+9.3%), India (+7.7%) and South Korea (+1.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.6% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-4.9%) illustrated a downward trend over the same period. While the share of China (+5.9 p.p.) and Turkey (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-1.6 p.p.), Taiwan (Chinese) (-1.9 p.p.) and Japan (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cutting blade supplier in Asia, comprising 51% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.3% per year) and Taiwan (Chinese) (+0.7% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, reducing by -2.3% against the previous year. Overall, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 6.4%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the other leaders experienced more modest paces of growth.

Cutting Blade Imports

Imports in Asia

In 2021, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 30% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons), followed by Indonesia (X tons), China (X tons), India (X tons), Japan (X tons), Thailand (X tons), Turkey (X tons) and Saudi Arabia (X tons) represented the main importers of knives and cutting blades (for machines or for mechanical appliances), together committing 76% of total imports. Malaysia (X tons), South Korea (X tons), Iran (X tons), Pakistan (X tons) and the Philippines (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +12.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Asia, comprising 53% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total imports. It was followed by Japan, with a 7.5% share.

In China, cutting blade imports increased at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+11.2% per year) and Japan (+0.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with a decrease of -13.2% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 9.6% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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