Indonesia: Knife And Scissors Market 2024

Knife And Scissors Market Size in Indonesia

The Indonesian knife and scissors market soared to $X in 2021, surging by 35% 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 showed resilient growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Knife And Scissors Exports

Exports from Indonesia

In 2021, overseas shipments of knives, scissors and blades increased by 32% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 335%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, knife and scissors exports soared to $X in 2021. In general, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 111% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of knife and scissors exports from Indonesia, together accounting for 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knife and scissors exported from Indonesia were Germany ($X), Italy ($X) and Switzerland ($X), with a combined 63% share of total exports. These countries were followed by the United States, Slovakia, Japan, Timor-Leste, Singapore, Malaysia and the Philippines, which together accounted for a further 20%.

In terms of the main countries of destination, Slovakia, with a CAGR of +13.7%, saw 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 knife and scissors export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Timor-Leste ($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 the Philippines (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Knife And Scissors Imports

Imports into Indonesia

In 2021, approx. X tons of knives, scissors and blades were imported into Indonesia; growing by 39% against 2020. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 52%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, knife and scissors imports soared to $X in 2021. Overall, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 145%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of knife and scissors to Indonesia, accounting for a 91% share of total imports. Moreover, knife and scissors imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+37.0% per year) and Singapore (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of knives, scissors and blades to Indonesia, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+30.5% per year) and Singapore (+0.7% per year).

Import Prices by Country

In 2021, the average knife and scissors import price amounted to $X per ton, with a decrease of -4.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 72%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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