South-Eastern Asia: Knife And Scissors Market 2024

Knife And Scissors Market Size in South-Eastern Asia

The Southeast Asian knife and scissors market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a slight decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Knife And Scissors Production in South-Eastern Asia

In value terms, knife and scissors production soared to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 83% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Knife And Scissors Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of knives, scissors and blades were exported in South-Eastern Asia; picking up by 95% compared with the year before. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, knife and scissors exports rose remarkably to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the largest exporter of knives, scissors and blades, mixing up 67% of total exports. Vietnam (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held near 29% share of total exports. Singapore (X tons) took a little share of total exports.

Thailand was also the fastest-growing in terms of the knives, scissors and blades exports, with a CAGR of +32.3% from 2012 to 2021. At the same time, Malaysia (+11.1%), Vietnam (+7.3%) and Singapore (+1.1%) displayed positive paces of growth. From 2012 to 2021, the share of Thailand increased by +44 percentage points.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Vietnam, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, waning by -44.1% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Knife And Scissors Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of knives, scissors and blades increased by 35% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.7% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 48%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, knife and scissors imports surged to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.3% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 68%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Thailand (X tons) were the major importers of knives, scissors and blades in 2021, amounting to near 41% and 34% of total imports, respectively. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together achieving an 18% share of total imports. Singapore (X tons) and the Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knife and scissors importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Malaysia ($X), together comprising 67% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, shrinking by -10.3% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+39.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :