United Arab Emirates: Cutting Blade Market 2024

Cutting Blade Market Size in the United Arab Emirates

In 2021, the cutting blade market in the United Arab Emirates decreased by -4.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed resilient growth. Cutting blade consumption peaked at $X in 2020, and then declined modestly in the following year.

Cutting Blade Production in the United Arab Emirates

In value terms, cutting blade production expanded significantly to $X in 2021 estimated in export price. Overall, production posted a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 182% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cutting Blade Exports

Exports from the United Arab Emirates

In 2021, the amount of knives and cutting blades (for machines or for mechanical appliances) exported from the United Arab Emirates contracted sharply to X tons, reducing by -27.5% on the previous year. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 195%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cutting blade exports declined notably to $X in 2021. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 132%. The exports peaked at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Oman (X tons) was the main destination for cutting blade exports from the United Arab Emirates, accounting for a 46% share of total exports. Moreover, cutting blade exports to Oman exceeded the volume sent to the second major destination, Tajikistan (X tons), threefold. The third position in this ranking was held by Zambia (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+170.7% per year) and Zambia (+11.8% per year).

In value terms, the largest markets for cutting blade exported from the United Arab Emirates were Oman ($X), India ($X) and Saudi Arabia ($X), together accounting for 71% of total exports. These countries were followed by Zambia, Tajikistan, Nigeria and Rwanda, which together accounted for a further 9.9%.

Tajikistan, with a CAGR of +151.8%, saw 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

In 2021, the average cutting blade export price amounted to $X per ton, dropping by -55.6% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 67%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then dropped notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Rwanda ($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 Saudi Arabia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into the United Arab Emirates

After two years of growth, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) decreased by -27.4% to X tons in 2021. Over the period under review, imports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, cutting blade imports declined modestly to $X in 2021. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Imports peaked at $X in 2020, and then dropped modestly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cutting blade to the United Arab Emirates, with a 47% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.6% per year) and Germany (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by India, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and India (+19.1% per year).

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, increasing by 36% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 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, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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