Ukraine: Cutting Blade Market 2024

Cutting Blade Market Size in Ukraine

The Ukrainian cutting blade market expanded to $X in 2021, surging by 4.6% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +73.5% against 2015 indices. Cutting blade consumption peaked in 2021 and is likely to continue growth in the near future.

Cutting Blade Production in Ukraine

In value terms, cutting blade production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Cutting Blade Exports

Exports from Ukraine

For the fourth consecutive year, Ukraine recorded growth in shipments abroad of knives and cutting blades (for machines or for mechanical appliances), which increased by 11% to X tons in 2021. In general, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 118%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cutting blade exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 47%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for cutting blade exports from Ukraine, with a 64% share of total exports. Moreover, cutting blade exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Belarus (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-6.9% per year) and Belarus (-18.1% per year).

In value terms, Russia ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Ukraine, comprising 42% of total exports. The second position in the ranking was held by Belarus ($X), with an 8.4% share of total exports. It was followed by Kazakhstan, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-12.4% per year) and Kazakhstan (-12.8% per year).

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, the export price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Armenia ($X per ton), while the average price for exports to Kazakhstan ($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 Armenia (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Ukraine

Cutting blade imports into Ukraine surged to X tons in 2021, growing by 15% on the previous year. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, cutting blade imports expanded markedly to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +98.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest cutting blade supplier to Ukraine, accounting for a 33% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and Italy (+10.5% per year).

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Ukraine, comprising 31% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and China (+20.2% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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