CIS: Cutting Blade Market 2024

Cutting Blade Market Size in CIS

In 2021, the CIS cutting blade market increased by 11% to $X, rising for the fifth year in a row after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +109.1% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Cutting Blade Production in CIS

In value terms, cutting blade production dropped to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +84.7% against 2014 indices. The most prominent rate of growth was recorded in 2018 with an increase of 49%. The level of production peaked at $X in 2020, and then shrank in the following year.

Cutting Blade Exports

Exports in CIS

In 2021, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 9% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.6% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cutting blade exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.4% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Russia (X tons) and Belarus (X tons), together recording 98% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +7.0%).

In value terms, Russia ($X) remains the largest cutting blade supplier in the CIS, comprising 69% of total exports. The second position in the ranking was taken by Belarus ($X), with a 25% share of total exports.

In Russia, cutting blade exports increased at an average annual rate of +7.0% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 22% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.0%).

Cutting Blade Imports

Imports in CIS

In 2021, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 15% to X tons, rising for the fifth consecutive year after three years of decline. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, cutting blade imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +135.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 63%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Russia represented the largest importing country with an import of about X tons, which finished at 72% of total imports. Belarus (X tons) ranks second in terms of the total imports with a 12% share, followed by Kazakhstan (8.6%). Azerbaijan (X tons) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Azerbaijan (+7.3%) and Belarus (+6.1%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +7.3% from 2012-2021. By contrast, Kazakhstan (-3.4%) illustrated a downward trend over the same period. Russia (+4.9 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -9.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in the CIS, comprising 80% of total imports. The second position in the ranking was taken by Belarus ($X), with an 11% share of total imports. It was followed by Kazakhstan, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +6.3%. In the other countries, the average annual rates were as follows: Belarus (+2.3% per year) and Kazakhstan (-1.5% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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