Republic of Korea - Knives, Scissors And Blades - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKnife and Scissors Price in South Korea - 2022
Contents:
- Knife and Scissors Price in South Korea (CIF) - 2022
- Knife and Scissors Price in South Korea (FOB) - 2022
- Knife and Scissors Imports in South Korea
- Knife and Scissors Exports in South Korea
Knife and Scissors Price in South Korea (CIF) - 2022
In December 2022, the average knife and scissors import price amounted to $2.0 per unit, flattening at the previous month. Over the period under review, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in February 2022 an increase of 26% month-to-month. The import price peaked at $3.0 per unit in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($10.4 per unit), while the price for China ($1.4 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Knife and Scissors Price in South Korea (FOB) - 2022
The average knife and scissors export price stood at $8.8 per unit in 2022, waning by -6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 20% against the previous year. As a result, the export price attained the peak level of $10 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($38 per unit), while the average price for exports to Turkey ($3.7 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 China (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Knife and Scissors Imports in South Korea
After three years of growth, overseas purchases of knives, scissors and blades decreased by -1.7% to 6.6M units in 2022. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 12%. Imports peaked at 6.7M units in 2021, and then declined in the following year.
In value terms, knife and scissors imports fell slightly to $82M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Imports peaked at $85M in 2021, and then fell slightly in the following year.
Import of Knife and Scissors in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.7 | 42.8 | 46.1 | 47.3 | 8.8% |
Japan | 10.0 | 11.8 | 10.0 | 10.0 | 0.0% |
Germany | 7.2 | 9.1 | 7.3 | 9.1 | 8.1% |
Vietnam | 5.0 | 5.2 | 5.6 | 5.7 | 4.5% |
Others | 7.1 | 9.6 | 16.3 | 9.9 | 11.7% |
Total | 66.0 | 78.5 | 85.3 | 81.9 | 7.5% |
Top Suppliers of Knife and Scissors to South Korea in 2022:
- China (5.7M units)
- Vietnam (0.3M units)
- Japan (0.2M units)
- Germany (0.2M units)
Knife and Scissors Exports in South Korea
In 2022, approx. 1.5M units of knives, scissors and blades were exported from South Korea; approximately reflecting 2021. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of 1.5M units, leveling off in the following year.
In value terms, knife and scissors exports declined to $14M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $14M, and then declined in the following year.
Export of Knife and Scissors in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 4.3 | 3.8 | 5.1 | 4.6 | 2.3% |
United States | 1.9 | 1.0 | 1.6 | 1.8 | -1.8% |
Japan | 1.1 | 3.5 | 1.6 | 1.5 | 10.9% |
China | 1.0 | 1.0 | 0.8 | 1.1 | 3.2% |
Turkey | 0.6 | 0.4 | 0.9 | 0.8 | 10.1% |
Iran | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
Vietnam | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
Malaysia | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Others | 2.2 | 2.0 | 3.4 | 2.7 | 7.1% |
Total | 11.9 | 12.6 | 14.5 | 13.5 | 4.3% |
Top Export Markets for Knife and Scissors from South Korea in 2022:
- Indonesia (844.2K units)
- Turkey (221.3K units)
- Iran (117.4K units)
- China (57.4K units)
- Japan (48.5K units)
- United States (46.3K units)
- Malaysia (40.5K units)
- Vietnam (28.9K units)
This report provides an in-depth analysis of the knife and scissors market in Republic of Korea. 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 25711115 -
- Prodcom 25711130 -
- Prodcom 25711145 - Knives with fixed blades of base metal including pruning knives (excluding fish, butter/ table knives with fixed blades, k nives and cutting blades for machines/mechanical appliances)
- Prodcom 25711160 - Clasp knives
- Prodcom 25711175 - Blades and handles of base metal for table knives, pocket knives, including pruning knives (excluding fish and butter knives, knives/cutting blades for machines or mechanical appliances)
- Prodcom 25711190 - Scissors, tailors
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global knife and scissors market.
This report provides an in-depth analysis of the global clasp knife market.
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Explore the top import markets for knife and scissors worldwide, including key statistics and insights. Discover the largest importers of these cutting tools such as United States, Germany, Netherlands, and more.
In 2016, the amount of knife and scissors imported worldwide amounted to X tons, standing approx. at the previous year level. In general, knife and scissors imports continue to indicate a relativ...
In 2016, the amount of knife and scissors imported worldwide amounted to X tons, standing approx. at the previous year level. In general, knife and scissors imports continue to indicate a relativ...
In value terms, frames with clasps imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated som...
In value terms, frames with clasps exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...
Explore the top import markets for knife and scissors worldwide, including key statistics and insights. Discover the largest importers of these cutting tools such as United States, Germany, Netherlands, and more.
In 2016, the amount of knife and scissors imported worldwide amounted to X tons, standing approx. at the previous year level. In general, knife and scissors imports continue to indicate a relativ...
In 2016, the amount of knife and scissors imported worldwide amounted to X tons, standing approx. at the previous year level. In general, knife and scissors imports continue to indicate a relativ...
In value terms, frames with clasps imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated som...
In value terms, frames with clasps exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...