EU: Cutting Blade Market 2024

Cutting Blade Market Size in the EU

The EU cutting blade market fell to $X in 2021, waning by -7.9% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cutting Blade Production in the EU

In value terms, cutting blade production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cutting Blade Exports

Exports in the EU

In 2021, exports of knives and cutting blades (for machines or for mechanical appliances) in the European Union expanded notably to X tons, growing by 14% compared with the previous year. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) was the key exporter of knives and cutting blades (for machines or for mechanical appliances), mixing up 33% of total exports. Austria (X tons) ranks second in terms of the total exports with a 16% share, followed by France (12%), the Netherlands (6.4%), the Czech Republic (6%) and Italy (5.6%). Poland (X tons), Slovenia (X tons), Belgium (X tons), Spain (X tons), Slovakia (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cutting blade supplier in the European Union, comprising 41% of total exports. The second position in the ranking was held by Austria ($X), with an 11% share of total exports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (+4.2% per year) and Italy (+5.4% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 2.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.8%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Slovakia ($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 Netherlands (+7.8%), while the other leaders experienced more modest paces of growth.

Cutting Blade Imports

Imports in the EU

In 2021, approx. X tons of knives and cutting blades (for machines or for mechanical appliances) were imported in the European Union; growing by 22% compared with 2020 figures. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Ireland (X tons), Spain (X tons), Italy (X tons), Austria (X tons), Belgium (X tons) and Poland (X tons) represented the major importers of knives and cutting blades (for machines or for mechanical appliances), together comprising 75% of total imports. The Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in the European Union, comprising 23% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with an 11% share.

In Germany, cutting blade imports expanded at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+6.6% per year) and France (+5.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Ireland ($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 Netherlands (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :