Malaysia: Knife And Scissors Market 2024

Knife And Scissors Market Size in Malaysia

The Malaysian knife and scissors market surged to $X in 2021, picking up 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 enjoyed a resilient increase. Knife and scissors consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Knife And Scissors Exports

Exports from Malaysia

In 2021, approx. X tons of knives, scissors and blades were exported from Malaysia; growing by 1.8% compared with the year before. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 116% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, knife and scissors exports expanded to $X in 2021. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 147% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Indonesia (X tons), Singapore (X tons) and Turkey (X tons) were the main destinations of knife and scissors exports from Malaysia, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +137.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for knives, scissors and blades exports from Malaysia, comprising 32% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by Sweden, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+1.2% per year) and Sweden (+14.2% per year).

Export Prices by Country

In 2021, the average knife and scissors export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 40%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Brunei Darussalam (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Knife And Scissors Imports

Imports into Malaysia

In 2021, after two years of decline, there was significant growth in supplies from abroad of knives, scissors and blades, when their volume increased by 43% to X tons. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 127%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, knife and scissors imports surged to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 154% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of knife and scissors to Malaysia, with a 90% share of total imports. It was followed by Japan (X tons), with a 2.9% share of total imports. The third position in this ranking was taken by South Korea (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.3% per year) and South Korea (-5.6% per year).

In value terms, China ($X) constituted the largest supplier of knives, scissors and blades to Malaysia, comprising 81% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.3% share of total imports. It was followed by South Korea, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.2% per year) and South Korea (+2.1% per year).

Import Prices by Country

The average knife and scissors import price stood at $X per ton in 2021, which is down by -17% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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