Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States - 2024
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States (CIF) - 2024
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States (CIF) - 2024
In December 2023, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $141 per thousand units, increasing by 13% against the previous month. In general, the import price showed a noticeable increase. The growth pace was the most rapid in March 2023 when the average import price increased by 115% m-o-m. The import price peaked at $248 per thousand units in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($135 per thousand units), while the price for South Korea ($53.0 per thousand units) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States (FOB) - 2022
In 2022, the average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $3.2 per unit, falling by -2.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. 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 lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4.5 per unit), while the average price for exports to Belgium ($2.6 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 (+3.7%), 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 the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of blades; cutting, serrated or not, excluding those of heading no. 8208s, which increased by 48% to 53M units in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $32M in 2022. In general, imports, however, showed a noticeable shrinkage. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 8.6 | 7.7 | 8.8 | -0.7% |
| Mexico | 6.5 | 6.9 | 8.2 | 7.5 | 4.9% |
| Japan | 9.3 | 8.7 | 5.2 | 3.9 | -25.1% |
| United Kingdom | 3.2 | 2.6 | 3.8 | 3.1 | -1.1% |
| Taiwan (Chinese) | 1.4 | 1.0 | 1.9 | 2.5 | 21.3% |
| Germany | 2.7 | 2.5 | 1.3 | 1.2 | -23.7% |
| South Korea | 0.1 | 0.6 | 0.7 | 1.0 | 115.4% |
| Czech Republic | N/A | 0.1 | 0.7 | 0.8 | 182.8% |
| Others | 1.8 | 1.7 | 2.6 | 3.2 | 21.1% |
| Total | 34.2 | 32.7 | 31.9 | 32.0 | -2.2% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to the United States in 2022:
- China (14.8M units)
- Mexico (12.5M units)
- United Kingdom (8.2M units)
- Taiwan (Chinese) (4.5M units)
- Japan (3.7M units)
- Germany (2.6M units)
- South Korea (1.7M units)
- Czech Republic (1.6M units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in the United States
For the third year in a row, the United States recorded decline in shipments abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s, which decreased by -0.5% to 4.5M units in 2022. In general, exports recorded a abrupt slump. The exports peaked at 6.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s declined modestly to $15M in 2022. Over the period under review, exports recorded a drastic downturn. The smallest decline of less than 0.1% was in 2020. The exports peaked at $19M 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 United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.4 | 5.2 | 6.6 | 6.5 | 13.9% |
| Canada | 9.6 | 9.8 | 4.0 | 3.5 | -28.6% |
| Australia | 0.6 | 0.5 | 0.6 | 0.7 | 5.3% |
| China | 0.4 | 0.3 | 1.1 | 0.6 | 14.5% |
| Germany | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Brazil | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| United Kingdom | 0.6 | 0.3 | 0.3 | 0.3 | -20.6% |
| Poland | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Belgium | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Others | 2.3 | 1.6 | 1.3 | 1.9 | -6.2% |
| Total | 18.6 | 18.6 | 14.9 | 14.5 | -8.0% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from the United States in 2022:
- Mexico (2036.9K units)
- Canada (1110.3K units)
- Australia (210.6K units)
- China (186.9K units)
- Germany (128.0K units)
- Poland (79.1K units)
- Belgium (74.5K units)
- Brazil (74.3K units)
- United Kingdom (58.8K units)
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