Hong Kong SAR, China: Cutting Blade Market 2025

Cutting Blade Market Size in Hong Kong SAR, China

The Hong Kong cutting blade market totaled $X in 2021, picking up by 9.7% against the previous year. Overall, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Cutting Blade Production in Hong Kong SAR, China

In value terms, cutting blade production rose remarkably to $X in 2021 estimated in export price. Overall, production posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Cutting Blade Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) decreased by -6% to X tons, falling for the fourth year in a row after four years of growth. Overall, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, cutting blade exports dropped remarkably to $X in 2021. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cutting blade exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, cutting blade exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.5% per year) and France (+27.3% per year).

In value terms, China ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Hong Kong SAR, comprising 79% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.6% share of total exports. It was followed by France, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.3% per year) and France (+12.6% per year).

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2021, which is down by -10.4% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Japan ($X per ton) and France ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-10.0%), while the prices for the other major destinations experienced a decline.

Cutting Blade Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2016 when imports increased by 409%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cutting blade imports surged to $X in 2021. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 30%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of cutting blade imports to Hong Kong SAR, together comprising 70% of total imports. These countries were followed by the United States, Germany, Singapore and Italy, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest cutting blade suppliers to Hong Kong SAR, together accounting for 71% of total imports. These countries were followed by the United States, Germany, Singapore and Italy, which together accounted for a further 21%.

Among the main suppliers, the United States, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 171% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Japan ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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