Dominican Republic: Cutting Blade Market 2025

Cutting Blade Market Size in the Dominican Republic

The Dominican cutting blade market soared to $X in 2021, with an increase of 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Cutting Blade Exports

Exports from the Dominican Republic

In 2021, cutting blade exports from the Dominican Republic surged to X tons, picking up by 16% on the previous year. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of 345%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cutting blade exports soared to $X in 2021. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 388%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Italy (X tons) and the United States (X kg) were the main destinations of cutting blade exports from the Dominican Republic, with a combined 52% share of total exports. These countries were followed by Vietnam, Canada, the Netherlands, the UK, Spain and Paraguay, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +76.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United States ($X) and the Netherlands ($X) were the largest markets for cutting blade exported from the Dominican Republic worldwide, with a combined 58% share of total exports. These countries were followed by Italy, Vietnam, Canada, the UK, Spain and Paraguay, which together accounted for a further 28%.

In terms of the main countries of destination, Vietnam, with a CAGR of +66.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2021, surging by 57% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cutting Blade Imports

Imports into the Dominican Republic

In 2021, overseas purchases of knives and cutting blades (for machines or for mechanical appliances) increased by 37% to X tons, rising for the third year in a row after two years of decline. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 304%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, cutting blade imports soared to $X in 2021. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 255% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of cutting blade imports to the Dominican Republic, with a combined 64% share of total imports. These countries were followed by Italy, Mexico, Brazil and Spain, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +85.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to the Dominican Republic, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.8% per year) and Italy (+20.5% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, falling by -15.1% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Colombia ($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 United States (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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