Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore - 2023
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (CIF) - 2022
The average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $2.2 per unit in 2022, with an increase of 6.8% against the previous year. Overall, the import price, however, recorded a mild shrinkage. The import price peaked at $2.6 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($2.2 per unit) and the United States ($2.2 per unit), while the price for Taiwan (Chinese) ($2.2 per unit) and Italy ($2.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (FOB) - 2022
In 2022, the average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $1.9 per unit, with a decrease of -5.1% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2018 an increase of 23%. As a result, the export price reached the peak level of $3.5 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($1.9 per unit) and Vietnam ($1.9 per unit), while the average price for exports to Canada ($1.9 per unit) and Thailand ($1.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-5.0%), while the prices for the other major destinations experienced a decline.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore
Imports of blades; cutting, serrated or not, excluding those of heading no. 8208s into Singapore contracted to 517K units in 2022, with a decrease of -8% against the previous year. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. Imports peaked at 718K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s reduced modestly to $1.2M in 2022. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. Imports peaked at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 14.0 | 114 | 432 | 378 | 200.0% |
| United States | 193 | 149 | 170 | 249 | 8.9% |
| Japan | 127 | 77.0 | 185 | 213 | 18.8% |
| South Korea | 34.5 | 56.6 | 48.6 | 105 | 44.9% |
| China | 935 | 85.3 | 128 | 66.7 | -58.5% |
| Germany | 81.4 | 67.2 | 73.6 | 58.0 | -10.7% |
| Italy | 8.5 | 9.9 | 4.8 | 19.5 | 31.9% |
| United Kingdom | 26.8 | 7.2 | 59.9 | 17.4 | -13.4% |
| Others | 115 | 111 | 77.1 | 52.1 | -23.2% |
| Total | 1,535 | 678 | 1,179 | 1,159 | -8.9% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Singapore in 2022:
- Malaysia (168.4K units)
- United States (111.2K units)
- Japan (95.2K units)
- South Korea (46.6K units)
- China (29.7K units)
- Germany (25.9K units)
- Italy (8.7K units)
- United Kingdom (7.8K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore
In 2022, overseas shipments of blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -29.4% to 526K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 129% against the previous year. As a result, the exports attained the peak of 744K units, and then declined rapidly in the following year.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s contracted rapidly to $1M in 2022. Overall, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.5% 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 +10.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $1.5M, and then reduced rapidly in the following year.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 78.5 | 90.9 | 174 | 218 | 40.6% |
| Malaysia | 243 | 125 | 267 | 215 | -4.0% |
| China | 60.1 | 131 | 44.9 | 152 | 36.2% |
| United States | 159 | 35.1 | 105 | 110 | -11.6% |
| Japan | 29.3 | 4.3 | 127 | 60.0 | 27.0% |
| Philippines | 95.5 | 130 | 289 | 50.4 | -19.2% |
| Australia | 14.2 | 29.3 | 23.2 | 39.4 | 40.5% |
| Turkey | 4.8 | 76.5 | 110 | 29.6 | 83.4% |
| Vietnam | 75.7 | 7.1 | 35.9 | 25.5 | -30.4% |
| Thailand | 60.8 | 106 | 105 | 24.6 | -26.0% |
| Portugal | N/A | N/A | N/A | 22.8 | 0% |
| United Arab Emirates | 0.1 | 103 | 1.0 | 1.0 | 115.4% |
| Israel | N/A | 21.3 | 119 | 0.9 | -79.4% |
| Others | 103 | 91.4 | 126 | 72.9 | -10.9% |
| Total | 924 | 952 | 1,525 | 1,023 | 3.5% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Singapore in 2022:
- Indonesia (112.3K units)
- Malaysia (110.6K units)
- China (78.3K units)
- United States (56.4K units)
- Japan (30.9K units)
- Philippines (25.9K units)
- Australia (20.3K units)
- Turkey (15.2K units)
- Vietnam (13.1K units)
- Thailand (12.7K units)
- Portugal (11.7K units)
- Israel (0.5K units)
- United Arab Emirates (0.5K units)
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