China: Clasp Knife Market 2024

Clasp Knife Market Size in China

In 2022, the Chinese clasp knife market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Clasp Knife Production in China

In value terms, clasp knife production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 7.6% against the previous year. Clasp knife production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Clasp Knife Exports

Exports from China

In 2022, exports of clasp knives from China soared to X units, rising by 19% on the previous year. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, clasp knife exports reduced to $X in 2022. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

The United States (X units) was the main destination for clasp knife exports from China, with a 45% share of total exports. Moreover, clasp knife exports to the United States exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The third position in this ranking was taken by Russia (X units), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.1% per year) and Russia (+6.8% per year).

In value terms, the United States ($X) remains the key foreign market for clasp knives exports from China, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with an 8% share of total exports. It was followed by Russia, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.1% per year) and Russia (+10.2% per year).

Export Prices by Country

The average clasp knife export price stood at $X per unit in 2022, with a decrease of -20.2% against the previous year. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 5.6% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Clasp Knife Imports

Imports into China

Clasp knife imports into China contracted to X units in 2022, dropping by -8.5% compared with the previous year's figure. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, clasp knife imports reduced modestly to $X in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 63%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest clasp knife supplier to China, with a 21% share of total imports. Moreover, clasp knife imports from Japan exceeded the figures recorded by the second-largest supplier, Switzerland (X units), fourfold. Vietnam (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-26.0% per year) and Vietnam (+25.2% per year).

In value terms, Switzerland ($X) constituted the largest supplier of clasp knives to China, comprising 44% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+38.6% per year) and the United States (+15.0% per year).

Import Prices by Country

The average clasp knife import price stood at $X per unit in 2022, rising by 7.5% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 65%. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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