United Kingdom: Clasp Knife Market 2024

Clasp Knife Market Size in the UK

In 2022, the UK clasp knife market increased by 38% to $X, rising for the second consecutive year after four years of decline. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.1% against 2020 indices. Clasp knife consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Clasp Knife Production in the UK

In value terms, clasp knife production amounted to $X in 2022 estimated in export price. In general, production saw buoyant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 201% against the previous year. Clasp knife production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Clasp Knife Exports

Exports from the UK

In 2022, the amount of clasp knives exported from the UK declined sharply to X units, with a decrease of -29.5% on the previous year. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, clasp knife exports declined significantly to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -39.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 35% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for clasp knife exports from the UK, with a 53% share of total exports. Moreover, clasp knife exports to Belgium exceeded the volume sent to the second major destination, Poland (X units), fivefold. The third position in this ranking was held by the United States (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.4% per year) and the United States (+15.2% per year).

In value terms, Belgium ($X) remains the key foreign market for clasp knives exports from the UK, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.9% per year) and Poland (+4.5% per year).

Export Prices by Country

In 2022, the average clasp knife export price amounted to $X per unit, growing by 6.4% against the previous year. Over the period under review, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Clasp Knife Imports

Imports into the UK

In 2022, purchases abroad of clasp knives increased by 4.9% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, clasp knife imports rose notably to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 29%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest clasp knife supplier to the UK, accounting for a 61% share of total imports. Moreover, clasp knife imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by France (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.6% per year) and France (+23.5% per year).

In value terms, China ($X) constituted the largest supplier of clasp knives to the UK, comprising 47% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by Switzerland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.2% per year) and Switzerland (-3.8% per year).

Import Prices by Country

The average clasp knife import price stood at $X per unit in 2022, picking up by 4.5% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clasp knife import price increased by +97.2% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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