Kazakhstan: Cutting Blade Market 2024

Cutting Blade Market Size in Kazakhstan

The Kazakh cutting blade market soared to $X in 2021, surging by 35% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Cutting Blade Production in Kazakhstan

In value terms, cutting blade production rose to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 69%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cutting Blade Exports

Exports from Kazakhstan

Cutting blade exports from Kazakhstan surged to X tons in 2021, jumping by 162% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. 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. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 220%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons) was the main destination for cutting blade exports from Kazakhstan, accounting for a 68% share of total exports. Moreover, cutting blade exports to Russia exceeded the volume sent to the second major destination, Iran (X tons), fourfold. The third position in this ranking was held by the Netherlands (X kg), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+102.2% per year) and the Netherlands (+180.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Kazakhstan, comprising 50% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 8.1% share of total exports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+64.5% per year) and the Netherlands (+121.5% per year).

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2021, dropping by -43.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Iran ($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 Kyrgyzstan (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Kazakhstan

In 2021, purchases 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 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible decrease. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cutting blade imports skyrocketed to $X in 2021. In general, imports, however, recorded a slight descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of cutting blade imports to Kazakhstan, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +4.9%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Kazakhstan, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Germany (-2.9% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, shrinking by -3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2017 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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