Asia-Pacific: Cutting Blade Market 2024

Cutting Blade Market Size in Asia-Pacific

The Asia-Pacific cutting blade market amounted to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cutting Blade Production in Asia-Pacific

In value terms, cutting blade production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of 21%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Cutting Blade Exports

Exports in Asia-Pacific

In 2021, approx. X tons of knives and cutting blades (for machines or for mechanical appliances) were exported in Asia-Pacific; rising by 29% compared with the year before. The total export volume increased at an average annual rate of +3.7% 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.

In value terms, cutting blade exports surged to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was near 67% of total exports in 2021. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and India (X tons), together creating a 23% share of total exports. The following exporters - Thailand (X tons) and Indonesia (X tons) - together made up 5.1% of total exports.

From 2012 to 2021, average annual rates of growth with regard to cutting blade exports from China stood at +5.4%. At the same time, Thailand (+9.3%), India (+7.7%) and South Korea (+1.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.3% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Indonesia (-2.0%) and Japan (-4.9%) illustrated a downward trend over the same period. China (+9.3 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Japan saw its share reduced by -1.6% and -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cutting blade supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +5.5%. In the other countries, the average annual rates were as follows: Japan (-1.3% per year) and Taiwan (Chinese) (+0.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.2% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Indonesia ($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-Pacific

In 2021, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import 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, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports expanded notably 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 relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons), distantly followed by Indonesia (X tons), China (X tons), India (X tons), Japan (X tons), Thailand (X tons), Australia (X tons) and Malaysia (X tons) were the largest importers of knives and cutting blades (for machines or for mechanical appliances), together generating 85% 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 ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Asia-Pacific, comprising 55% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by Japan, with a 7.8% share.

In China, cutting blade imports expanded 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-Pacific amounted to $X per ton, waning by -15.2% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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