Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines - 2023
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines (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, growing by 6.8% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 142%. The import price peaked at $2.3 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($2.2 per unit) and Malaysia ($2.2 per unit), while the price for Singapore ($2.2 per unit) and Taiwan (Chinese) ($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 China (+33.0%), 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 the Philippines (FOB) - 2022
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $1.9 per unit in 2022, shrinking by -5% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2016 an increase of 173% against the previous year. As a result, the export price reached the peak level of $22 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +46.0% per year.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines
In 2022, approx. 1.5M units of blades; cutting, serrated or not, excluding those of heading no. 8208s were imported into the Philippines; declining by -3.8% against 2021 figures. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 255% against the previous year. As a result, imports attained the peak of 1.6M units, and then reduced slightly in the following year.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s rose to $3.4M in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 227%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 245 | 269 | 2,117 | 2,149 | 106.2% |
| Japan | 394 | 366 | 623 | 554 | 12.0% |
| China | 307 | 131 | 166 | 269 | -4.3% |
| United States | 52.7 | 20.1 | 33.2 | 101 | 24.2% |
| Taiwan (Chinese) | 66.6 | 28.0 | 95.9 | 86.7 | 9.2% |
| Singapore | 81.8 | 9.6 | 64.7 | 56.0 | -11.9% |
| Germany | 28.3 | 5.6 | 31.6 | 52.1 | 22.6% |
| Others | 165 | 189 | 200 | 153 | -2.5% |
| Total | 1,339 | 1,018 | 3,330 | 3,420 | 36.7% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to the Philippines in 2022:
- Malaysia (958.4K units)
- Japan (247.2K units)
- China (120.1K units)
- United States (44.8K units)
- Taiwan (Chinese) (38.7K units)
- Singapore (25.0K units)
- Germany (23.2K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines
In 2022, shipments abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -97.8% to 75 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, the exports attained the peak of 7.9K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s shrank sharply to $146 in 2022. Over the period under review, exports recorded a precipitous setback. The smallest decline of -59.1% was in 2020. Over the period under review, the exports of hit record highs at $59K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Japan | 48.8 | 0.6 | 1.5 | N/A | -82.5% |
| Vietnam | 3.5 | 19.4 | 4.4 | N/A | 12.1% |
| India | 7.0 | 4.3 | 1.0 | N/A | -62.2% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 59.3 | 24.2 | 7.1 | 0.1 | -88.1% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from the Philippines in 2022:
- United States (75.0 units)
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