Report Update: May 1, 2024

Sri Lanka - Knives And Cutting Blades (For Machines Or For Mechanical Appliances) - Market Analysis, Forecast, Size, Trends and Insights

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Cutting Blade Price in Sri Lanka - 2021

Cutting Blade Price in Sri Lanka (CIF) - 2022

In 2022, the average cutting blade import price amounted to $8,079 per ton, with a decrease of -9.4% against the previous year. In general, the import price saw a deep slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 5.6% against the previous year. The import price peaked at $18,289 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,427 per ton), while the price for China ($4,155 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.0%), while the prices for the other major suppliers experienced a decline.

Cutting Blade Price in Sri Lanka (FOB) - 2022

The average cutting blade export price stood at $27,039 per ton in 2022, dropping by -20.4% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cutting blade export price increased by +86.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. As a result, the export price reached the peak level of $33,967 per ton, and then dropped markedly in the following year.

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 Vietnam ($65,149 per ton), while the average price for exports to Maldives ($4,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports in Sri Lanka

After three years of growth, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) decreased by -9.9% to 359 tons in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, imports reached the peak of 398 tons, and then contracted in the following year.

In value terms, cutting blade imports declined sharply to $2.9M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of $3.6M, and then contracted markedly in the following year.

Import of Cutting Blade in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	738	793	1,495	1,255	19.4%
India	172	174	284	238	11.4%
Germany	215	132	246	206	-1.4%
Taiwan (Chinese)	134	119	218	183	10.9%
United States	148	139	196	165	3.7%
Others	865	892	1,114	853	-0.5%
Total	2,272	2,248	3,553	2,900	8.5%

Top Suppliers of Cutting Blade to Sri Lanka in 2022:

China (302.1 tons)
India (16.1 tons)
Taiwan (Chinese) (9.4 tons)
Germany (7.1 tons)
United States (5.4 tons)

Cutting Blade Exports in Sri Lanka

In 2022, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) were finally on the rise to reach 4.2 tons after two years of decline. In general, exports, however, saw a dramatic downturn.

In value terms, cutting blade exports soared to $113K in 2022. Over the period under review, exports, however, saw a dramatic contraction.

Export of Cutting Blade in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	50.0	24.9	20.9	33.0	-12.9%
Vietnam	4.4	38.1	18.5	24.1	76.3%
Ethiopia	34.5	14.6	13.5	17.5	-20.2%
Italy	32.1	11.5	5.2	6.8	-40.4%
India	44.6	1.2	4.0	5.5	-50.2%
Maldives	19.9	4.5	3.2	4.1	-40.9%
Thailand	0.1	N/A	2.6	3.4	224.0%
Indonesia	14.7	9.5	N/A	2.6	-43.9%
Oman	19.5	3.8	0.2	2.4	-50.3%
Kenya	1.4	0.2	0.3	1.0	-10.6%
Denmark	1.3	0.4	0.6	0.8	-14.9%
Nepal	N/A	2.0	N/A	N/A	0%
Others	56.7	21.9	25.3	12.2	-40.1%
Total	279	133	94.2	113	-26.0%

Top Export Markets for Cutting Blade from Sri Lanka in 2022:

Maldives (1014.0 kg)
Oman (565.0 kg)
United Kingdom (512.0 kg)
Vietnam (369.0 kg)
India (365.0 kg)
Ethiopia (313.0 kg)
Italy (192.0 kg)
Thailand (172.0 kg)
Indonesia (109.0 kg)
Kenya (78.0 kg)
Denmark (72.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cutting blade market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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