Southern Asia: Cutting Blade Market 2025

Cutting Blade Market Size in Southern Asia

In 2021, the South Asian cutting blade market increased by 0.9% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.8% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cutting Blade Production in Southern Asia

In value terms, cutting blade production shrank slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.8% against 2016 indices. The growth pace was the most rapid in 2014 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Cutting Blade Exports

Exports in Southern Asia

In 2021, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) increased by 146% to X tons, rising for the third consecutive year after four years of decline. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade exports rose sharply to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.3% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 30%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

India prevails in exports structure, amounting to X tons, which was near 98% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the knives and cutting blades (for machines or for mechanical appliances) exports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Pakistan (+2.9%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cutting blade supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +7.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -55.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 90%. 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 country of origin: the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.1%).

Cutting Blade Imports

Imports in Southern Asia

In 2021, overseas purchases of knives and cutting blades (for machines or for mechanical appliances) increased by 62% to X tons, rising for the third consecutive year after six years of decline. In general, imports posted a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 25%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

India represented the key importer of knives and cutting blades (for machines or for mechanical appliances) in Southern Asia, with the volume of imports accounting for X tons, which was approx. 71% of total imports in 2021. Pakistan (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (9.3%) and Sri Lanka (5.1%).

From 2012 to 2021, average annual rates of growth with regard to cutting blade imports into India stood at +4.9%. At the same time, Sri Lanka (+17.9%) and Bangladesh (+11.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.9% from 2012-2021. Pakistan experienced a relatively flat trend pattern. While the share of Bangladesh (+3.7 p.p.) and Sri Lanka (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Southern Asia, comprising 70% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total imports. It was followed by Pakistan, with an 11% share.

In India, cutting blade imports increased at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+14.5% per year) and Pakistan (+2.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, waning by -26.6% against the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :