Eastern Asia: Cutting Blade Market 2025

Cutting Blade Market Size in Eastern Asia

For the third year in a row, the East Asian cutting blade market recorded decline in sales value, which decreased by -1.1% to $X in 2021. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Cutting Blade Production in Eastern Asia

In value terms, cutting blade production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a slight expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Cutting Blade Exports

Exports in Eastern Asia

In 2021, the amount of knives and cutting blades (for machines or for mechanical appliances) exported in Eastern Asia skyrocketed to X tons, picking up by 28% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 +2.9% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 79% of total exports in 2021. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together mixing up a 21% share of total exports.

China was also the fastest-growing in terms of the knives and cutting blades (for machines or for mechanical appliances) exports, with a CAGR of +5.4% from 2012 to 2021. At the same time, South Korea (+1.1%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-4.9%) illustrated a downward trend over the same period. China (+12 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Japan saw its share reduced by -1.8% and -8.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cutting blade supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms 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 Eastern Asia amounted to $X per ton, rising by 4.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 4.6%. 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 failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($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 Eastern Asia

In 2021, after three years of decline, there was significant growth in purchases abroad of knives and cutting blades (for machines or for mechanical appliances), when their volume increased by 12% to X tons. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cutting blade imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) represented the largest importer of knives and cutting blades (for machines or for mechanical appliances), making up 53% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 46% share of total imports. Hong Kong SAR (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +5.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Eastern Asia, comprising 81% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 3.3% 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: Japan (+0.5% per year) and Taiwan (Chinese) (-2.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 10%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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