Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia - 2024
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia (FOB) - 2024
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia (CIF) - 2022
In 2022, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $1.4 per unit, which is down by -17.8% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 85%. Over the period under review, average import prices reached the maximum at $3.4 per unit in 2012; however, from 2013 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 ($4.5 per unit), while the price for China ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+68.6%), 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 Malaysia (FOB) - 2024
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $1.8 per unit in January 2024, jumping by 23% against the previous month. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 79% against the previous month. Over the period under review, the average export prices attained the peak figure at $2.5 per unit in July 2023; however, from August 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Indonesia ($1.9 per unit), while the average price for exports to Singapore ($239 per thousand units) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.2%), 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 Malaysia
In 2022, approx. 2M units of blades; cutting, serrated or not, excluding those of heading no. 8208s were imported into Malaysia; jumping by 85% compared with 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 104%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s surged to $2.7M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 510 | 683 | 1,040 | 1,659 | 48.2% |
| South Korea | 252 | 124 | 175 | 334 | 9.8% |
| China | 121 | 75.3 | 172 | 208 | 19.8% |
| Singapore | 51.6 | 14.4 | 236 | 150 | 42.7% |
| Thailand | 133 | 79.8 | 97.6 | 145 | 2.9% |
| Taiwan (Chinese) | 8.2 | 13.4 | 3.2 | 59.4 | 93.5% |
| Others | 100 | 72.7 | 73.0 | 182 | 22.1% |
| Total | 1,176 | 1,062 | 1,795 | 2,738 | 32.5% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Malaysia in 2022:
- China (629.3K units)
- South Korea (612.1K units)
- Japan (367.5K units)
- Thailand (155.3K units)
- Singapore (110.7K units)
- Taiwan (Chinese) (51.5K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia
In 2022, approx. 2M units of blades; cutting, serrated or not, excluding those of heading no. 8208s were exported from Malaysia; surging by 14% compared with the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s dropped markedly to $1.5M in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $1.9M, and then contracted significantly in the following year.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 877 | 366 | 495 | 738 | -5.6% |
| Turkey | 84.2 | 179 | 187 | 197 | 32.8% |
| Singapore | 129 | 199 | 428 | 192 | 14.2% |
| United States | 164 | 152 | 131 | 149 | -3.1% |
| India | 155 | 29.6 | 114 | 93.1 | -15.6% |
| Brunei Darussalam | N/A | N/A | 2.1 | 42.0 | 1900.0% |
| Philippines | 3.5 | 140 | 299 | 18.0 | 72.6% |
| France | N/A | N/A | N/A | 17.9 | 0% |
| Others | 40.2 | 73.8 | 293 | 64.9 | 17.3% |
| Total | 1,453 | 1,140 | 1,950 | 1,512 | 1.3% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Malaysia in 2022:
- Indonesia (886.0K units)
- Turkey (340.4K units)
- Singapore (249.2K units)
- United States (198.2K units)
- India (132.3K units)
- Brunei Darussalam (37.3K units)
- France (33.0K units)
- Philippines (19.3K units)
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