Greece: Cutting Blade Market 2025

Cutting Blade Market Size in Greece

The Greek cutting blade market rose sharply to $X in 2021, growing by 15% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% 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 +4.8% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Cutting Blade Production in Greece

In value terms, cutting blade production expanded to $X in 2021 estimated in export price. In general, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cutting Blade Exports

Exports from Greece

In 2021, exports of knives and cutting blades (for machines or for mechanical appliances) from Greece shrank to X tons, which is down by -7.1% on the previous year. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 177%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, cutting blade exports contracted dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 188%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for cutting blade exports from Greece, accounting for a 42% share of total exports. Moreover, cutting blade exports to Bulgaria exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+198.2% per year) and Canada (+157.7% per year).

In value terms, Canada ($X), Bulgaria ($X) and Ukraine ($X) were the largest markets for cutting blade exported from Greece worldwide, together accounting for 53% of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +173.1%, saw the highest rates of growth with regard to 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, which is down by -17.5% against the previous year. Overall, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2017 an increase of 48% against the previous year. The export price peaked at $X per ton in 2020, and then declined markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Hungary ($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 Romania (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Greece

In 2021, the amount of knives and cutting blades (for machines or for mechanical appliances) imported into Greece soared to X tons, with an increase of 24% on the year before. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 68% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cutting blade imports amounted to $X in 2021. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest cutting blade supplier to Greece, with a 34% share of total imports. Moreover, cutting blade imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+17.7% per year) and Italy (+14.2% per year).

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Greece, comprising 33% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.5% per year) and Sweden (+12.7% per year).

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2021, dropping by -17.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 44%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Bulgaria ($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 UK (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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