Saudi Arabia: Cutting Blade Market 2025

Cutting Blade Market Size in Saudi Arabia

In 2021, the Saudi cutting blade market increased by 12% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption showed temperate growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Cutting Blade Exports

Exports from Saudi Arabia

In 2021, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) increased by 53% to X tons, rising for the second year in a row after three years of decline. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 393% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cutting blade exports surged to $X in 2021. Overall, exports showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 145%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main destinations of cutting blade exports from Saudi Arabia, with a combined 79% share 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 Japan (with a CAGR of +197.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Saudi Arabia, comprising 76% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+133.5% per year) and the United Arab Emirates (-22.6% per year).

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, declining by -15.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 69%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 Egypt (+86.8%), while the prices for the other major destinations experienced a decline.

Cutting Blade Imports

Imports into Saudi Arabia

In 2021, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 30% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 when imports increased by 89% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, cutting blade imports reduced slightly to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.4% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

Thailand (X tons), China (X tons) and Germany (X tons) were the main suppliers of cutting blade imports to Saudi Arabia, together comprising 45% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest cutting blade suppliers to Saudi Arabia, together comprising 55% of total imports. These countries were followed by Italy, Japan and Thailand, which together accounted for a further 18%.

Thailand, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2021, falling by -27.1% against the previous year. Overall, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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