Thailand: Knife And Scissors Market 2024

Knife And Scissors Market Size in Thailand

The Thai knife and scissors market totaled $X in 2021, surging by 6.3% against the previous year. Overall, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Knife And Scissors Production in Thailand

In value terms, knife and scissors production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Knife And Scissors Exports

Exports from Thailand

Knife and scissors exports from Thailand surged to X tons in 2021, growing by 142% compared with the year before. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 207% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, knife and scissors exports totaled $X in 2021. Over the period under review, total exports indicated a remarkable increase 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, exports increased by +51.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), the United States (X tons) and the UK (X tons) were the main destinations of knife and scissors exports from Thailand, together accounting for 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +62.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Cambodia ($X) and Belgium ($X) constituted the largest markets for knife and scissors exported from Thailand worldwide, with a combined 55% share of total exports.

Cambodia, with a CAGR of +32.9%, recorded the highest growth rate of 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

The average knife and scissors export price stood at $X per ton in 2021, waning by -52.6% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to India ($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 Cambodia (+2.2%), while the prices for the other major destinations experienced a decline.

Knife And Scissors Imports

Imports into Thailand

Knife and scissors imports into Thailand surged to X tons in 2021, with an increase of 32% compared with 2020. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 136% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, knife and scissors imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period 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 2016 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knife and scissors to Thailand, with a 71% share of total imports. Moreover, knife and scissors imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+38.1% per year) and Taiwan (Chinese) (+13.0% per year).

In value terms, China ($X) constituted the largest supplier of knives, scissors and blades to Thailand, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.1% per year) and Taiwan (Chinese) (-3.3% per year).

Import Prices by Country

The average knife and scissors import price stood at $X per ton in 2021, reducing by -17.4% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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