Thailand: Cutting Blade Market 2025

Cutting Blade Market Size in Thailand

The Thai cutting blade market skyrocketed to $X in 2021, increasing by 39% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Cutting Blade Production in Thailand

In value terms, cutting blade production soared to $X in 2021 estimated in export price. In general, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 101%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Cutting Blade Exports

Exports from Thailand

Cutting blade exports from Thailand surged to X tons in 2021, jumping by 32% compared with 2020 figures. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 44% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cutting blade exports rose notably to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +2.3% against 2016 indices. The growth pace was the most rapid in 2016 when exports increased by 25%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of cutting blade exports from Thailand, together comprising 70% of total exports. Lao People's Democratic Republic, the UK, South Korea, Vietnam, Cambodia and Malaysia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cutting blade exported from Thailand were China ($X), the United States ($X) and Japan ($X), with a combined 63% share of total exports. The UK, Lao People's Democratic Republic, South Korea, Malaysia, Vietnam and Cambodia lagged somewhat behind, together comprising a further 22%.

South Korea, with a CAGR of +47.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, declining by -19.5% against the previous year. Overall, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Cambodia ($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 Cambodia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cutting Blade Imports

Imports into Thailand

In 2021, overseas purchases of knives and cutting blades (for machines or for mechanical appliances) increased by 32% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 +45.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 38% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, cutting blade imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cutting blade to Thailand, accounting for a 54% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+65.7% per year) and Japan (+5.5% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) were the largest cutting blade suppliers to Thailand, together accounting for 62% of total imports. The United States, Spain, Taiwan (Chinese), Australia and Indonesia lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Spain, with a CAGR of +30.2%, saw the highest rates of growth with regard to 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

In 2021, the average cutting blade import price amounted to $X per ton, waning by -2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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