Report Update Nov 1, 2024

Venezuela - Knives and Cutting Blades (For Machines or for Mechanical Appliances) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Cutting Blade Market 2024

Cutting Blade Market Size in Venezuela

In 2021, the Venezuelan cutting blade market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, recorded a precipitous shrinkage. Cutting blade consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cutting Blade Exports

Exports from Venezuela

Cutting blade exports from Venezuela surged to X kg in 2021, rising by 33% against 2020 figures. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 333% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cutting blade exports expanded sharply to $X in 2021. Over the period under review, exports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2019 with an increase of 253% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X kg) was the main destination for cutting blade exports from Venezuela, accounting for a 66% share of total exports. Moreover, cutting blade exports to Italy exceeded the volume sent to the second major destination, Egypt (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and El Salvador (-15.9% per year).

In value terms, the largest markets for cutting blade exported from Venezuela were Italy ($X), Egypt ($X) and El Salvador ($X), together accounting for 90% of total exports.

Egypt, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, dropping by -16.5% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2017 an increase of 75%. As a result, the export price reached the peak level of $X per ton. From 2018 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 Egypt ($X per ton), while the average price for exports to Italy ($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 Mexico (-1.6%), while the prices for the other major destinations experienced a decline.

Cutting Blade Imports

Imports into Venezuela

In 2021, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 32% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, showed a precipitous contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cutting blade imports surged to $X in 2021. Overall, imports, however, continue to indicate a dramatic slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Colombia (X tons) and the UK (X tons) were the main suppliers of cutting blade imports to Venezuela, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +36.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest cutting blade suppliers to Venezuela were China ($X), the UK ($X) and Italy ($X), with a combined 35% share of total imports.

The UK, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cutting blade import price increased by +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+123.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for knives and cutting blades (for machines or for mechanical appliances) in the world?

The country with the largest volume of cutting blade consumption was China, accounting for 28% of total volume. Moreover, cutting blade consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the largest producers of knives and cutting blades (for machines or for mechanical appliances) in the world?

The country with the largest volume of cutting blade production was China, comprising approx. 33% of total volume. Moreover, cutting blade production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of knives and cutting blades (for machines or for mechanical appliances) to Venezuela?

In value terms, the UK constituted the largest supplier of cutting blade to Venezuela, comprising 31% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of knives and cutting blades (for machines or for mechanical appliances) from Venezuela?

In value terms, the United States remains the key foreign market for cutting blade exports from Venezuela, comprising 90% of total exports. The second position in the ranking was occupied by El Salvador $166), with a 5% share of total exports. It was followed by Guatemala, with a 3.1% share.

What is the average export price for knives and cutting blades (for machines or for mechanical appliances) in Venezuela?

The average cutting blade export price stood at $38,241 per ton in 2020, picking up by 26% against the previous year.

What is the average import price for knives and cutting blades (for machines or for mechanical appliances) in Venezuela?

In 2020, the average cutting blade import price amounted to $12,920 per ton, surging by 12% against the previous year.

This report provides an in-depth analysis of the cutting blade market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25736043 - Knives and cutting blades for machines or for mechanical appliances for working metal
Prodcom 25736045 - Knives and cutting blades for machines or for mechanical appliances for working wood
Prodcom 25736053 -
Prodcom 25736055 -
Prodcom 25736063 - Knives and cutting blades for agricultural, horticultural or forestry machines (excluding coulters for ploughs, discs for harrows)
Prodcom 25736065 - Knives and cutting blades, for machines or for mechanical appliances

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023