Iran: Cutting Blade Market 2025

Cutting Blade Market Size in Iran

The Iranian cutting blade market skyrocketed to $X in 2021, with an increase of 69% 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). Overall, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cutting Blade Exports

Exports from Iran

In 2021, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) decreased by -26.6% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 171% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cutting blade exports contracted markedly to $X in 2021. In general, exports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of 174%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for cutting blade exports from Iran, accounting for a 69% share of total exports. Moreover, cutting blade exports to Oman exceeded the volume sent to the second major destination, Azerbaijan (X kg), sevenfold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +427.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+0.5% per year) and the United Arab Emirates (-17.2% per year).

In value terms, Oman ($X), Belarus ($X) and Azerbaijan ($X) constituted the largest markets for cutting blade exported from Iran worldwide, together accounting for 53% of total exports.

Among the main countries of destination, Oman, with a CAGR of +151.9%, 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

In 2021, the average cutting blade export price amounted to $X per ton, reducing by -11.4% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 76% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Oman ($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 Azerbaijan (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Iran

Cutting blade imports into Iran soared to X tons in 2021, growing by 71% on 2020 figures. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 76%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cutting blade imports skyrocketed to $X in 2021. Overall, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 76%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of cutting blade imports to Iran, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Iran, comprising 54% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.2% per year) and Germany (-0.6% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, falling by -8.9% against the previous year. Overall, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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