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

Contents:

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

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

The average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $2.1 per unit in 2022, shrinking by -2.6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -8.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 53% against the previous year. The import price peaked at $2.3 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 ($6 per unit), while the price for Mexico ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $2 per unit, dropping by -60.3% against the previous year. Overall, the export price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 99%. Over the period under review, the average export prices reached the maximum at $6.4 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4.9 per unit), while the average price for exports to Germany stood at $1.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.5%).

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

In 2022, purchases abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -32.4% to 72K units, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 340% against the previous year. As a result, imports reached the peak of 137K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s declined dramatically to $155K in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 242%. As a result, imports reached the peak of $250K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates35.110166.674.628.6%
Japan5.139.667.035.590.9%
China2.415.329.511.267.1%
United Kingdom12.131.036.710.4-4.9%
United States3.64.61.55.917.9%
Mexico3.37.17.02.4-10.1%
Others11.551.227.415.19.5%
Total73.025023615528.5%

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

  1. United Arab Emirates (51.5K units)
  2. China (8.0K units)
  3. Japan (5.9K units)
  4. Mexico (1.9K units)
  5. United Kingdom (1.7K units)
  6. United States (1.5K units)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s, when their volume increased by 142% to 174 units. In general, exports, however, recorded a sharp slump. The exports peaked at 434 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s dropped to $340 in 2022. Over the period under review, exports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by 11%. As a result, the exports attained the peak of $1.7K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Kuwait (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,558446204181-51.2%
GermanyN/AN/AN/A1590%
QatarN/AN/A150N/A0%
CanadaN/A1,283N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1,5581,729354340-39.8%

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

  1. Germany (137.0 units)
  2. United States (37.0 units)

Source: IndexBox Market Intelligence Platform

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Free Data: Blades; cutting, serrated or not, excluding those of heading no. 8208 - Kuwait