Price for Knives; with Handles of Base Metal in the Philippines - 2022
Contents:
- Price for Knives; with Handles of Base Metal in the Philippines (CIF) - 2022
- Price for Knives; with Handles of Base Metal in the Philippines (FOB) - 2022
- Imports of Knives; with Handles of Base Metal in the Philippines
- Exports of Knives; with Handles of Base Metal in the Philippines
Price for Knives; with Handles of Base Metal in the Philippines (CIF) - 2022
In 2022, the average import price for knives; with handles of base metals amounted to $1.8 per unit, with an increase of 21% against the previous year. In general, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 137% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4.9 per unit), while the price for Taiwan (Chinese) ($0.8 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 (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives; with Handles of Base Metal in the Philippines (FOB) - 2022
The average export price for knives; with handles of base metals stood at $4.5 per unit in 2021, shrinking by -11.1% against the previous year. Over the period under review, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 an increase of 150%. Over the period under review, the average export prices reached the peak figure at $6.2 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($11 per unit), while the average price for exports to the United States ($1.2 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives; with Handles of Base Metal in the Philippines
In 2022, the amount of knives; with handles of base metals imported into the Philippines soared to 176K units, growing by 174% against the previous year's figure. In general, imports enjoyed temperate growth. Imports peaked at 241K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of knives; with handles of base metals soared to $324K in 2022. Overall, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Knives; with Handles of Base Metal in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 37.2 | 35.7 | 14.2 | 143 | 56.7% |
| China | 73.1 | 61.6 | 19.9 | 80.3 | 3.2% |
| Taiwan (Chinese) | 16.6 | 161 | 41.7 | 39.3 | 33.3% |
| United States | 23.3 | 15.0 | 8.1 | 25.2 | 2.6% |
| Australia | 0.6 | 1.2 | 0.9 | 3.8 | 85.0% |
| Hong Kong SAR | 3.1 | 0.4 | 1.1 | 3.3 | 2.1% |
| Others | 57.8 | 23.1 | 11.7 | 29.1 | -20.4% |
| Total | 212 | 298 | 97.7 | 324 | 15.2% |
Top Suppliers of Knives; with Handles of Base Metal to the Philippines in 2022:
- China (76.5K units)
- Taiwan (Chinese) (49.5K units)
- Japan (29.2K units)
- United States (11.6K units)
- Australia (3.4K units)
- Hong Kong SAR (3.4K units)
Exports of Knives; with Handles of Base Metal in the Philippines
In 2021, the amount of knives; with handles of base metals exported from the Philippines soared to 1.9K units, with an increase of 266% on the year before. Over the period under review, exports recorded a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of knives; with handles of base metals skyrocketed to $8.4K in 2021. Overall, exports, however, faced a abrupt decrease. The exports peaked at $11K in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
| Export of Knives; with Handles of Base Metal in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Kuwait | 2.0 | 0.7 | 3.3 | 28.5% | |
| United Arab Emirates | 3.8 | 0.9 | 2.9 | -12.6% | |
| United States | 0.8 | 0.3 | 1.2 | 22.5% | |
| Singapore | 0.5 | 0.2 | 0.2 | -36.8% | |
| Others | 4.1 | 0.6 | 0.9 | -53.1% | |
| Total | 11.2 | 2.6 | 8.4 | -13.4% | |
Top Export Markets for Knives; with Handles of Base Metal from the Philippines in 2022:
- United States (1018.0 units)
- Kuwait (552.0 units)
- United Arab Emirates (276.0 units)
- Singapore (16.0 units)
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