Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia - 2022

Contents:

  1. Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (CIF) - 2022
  2. Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (FOB) - 2022
  3. Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia
  4. Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia

Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (CIF) - 2022

In March 2022, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $734 per thousand units, jumping by 84% against the previous month. In general, the import price showed pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was South Korea ($876 per thousand units), while the price for China stood at $341 per thousand units.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%).

Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (FOB) - 2022

The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $2.6 per unit in 2022, growing by 35% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2020 an increase of 103%. As a result, the export price reached the peak level of $5 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($61 per unit), while the average price for exports to Malaysia ($0.6 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 the UK (+112.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia

In 2022, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s into Indonesia contracted to 9.2M units, with a decrease of -4.4% on 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% 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 +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of 9.6M units, and then contracted slightly in the following year.

In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s fell to $7.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% 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 +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of $7.4M, and then declined in the following year.

Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3.83.34.64.12.6%
China0.70.61.41.528.9%
Malaysia0.90.40.50.7-8.0%
Taiwan (Chinese)0.30.20.50.410.1%
Others0.30.20.40.626.0%
Total5.94.87.47.37.4%

Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Indonesia in 2022:

  1. South Korea (4.8M units)
  2. China (3.4M units)
  3. Malaysia (0.7M units)
  4. Taiwan (Chinese) (0.2M units)

Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia

In 2022, approx. 7.5K units of blades; cutting, serrated or not, excluding those of heading no. 8208s were exported from Indonesia; shrinking by -11.1% on 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,094% against the previous year. As a result, the exports reached the peak of 8.5K units, and then reduced in the following year.

In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s skyrocketed to $20K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 364% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand3.1N/AN/A5.923.9%
United States2.30.15.54.626.0%
Singapore0.11.92.73.3220.8%
Malaysia0.1N/AN/A1.7157.1%
JapanN/AN/AN/A0.90%
ChinaN/AN/A0.10.7600.0%
MauritaniaN/AN/AN/A0.10%
AustraliaN/AN/A8.1N/A0%
Others0.11.60.22.7200.0%
Total5.73.616.619.951.7%

Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Indonesia in 2022:

  1. Malaysia (2935.0 units)
  2. Thailand (1968.0 units)
  3. Singapore (894.0 units)
  4. United States (866.0 units)
  5. China (452.0 units)
  6. Mauritania (160.0 units)
  7. Japan (152.0 units)

Source: IndexBox Market Intelligence Platform

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