Price for Knives; with Handles of Base Metal in Hong Kong SAR - 2023
Contents:
- Price for Knives; with Handles of Base Metal in Hong Kong SAR (CIF) - 2022
- Price for Knives; with Handles of Base Metal in Hong Kong SAR (FOB) - 2022
- Imports of Knives; with Handles of Base Metal in Hong Kong SAR
- Exports of Knives; with Handles of Base Metal in Hong Kong SAR
Price for Knives; with Handles of Base Metal in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for knives; with handles of base metals amounted to $1.2 per unit, rising by 4.3% against the previous year. Overall, the import price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 60%. As a result, import price reached the peak level of $2 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($9.6 per unit), while the price for China ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives; with Handles of Base Metal in Hong Kong SAR (FOB) - 2022
The average export price for knives; with handles of base metals stood at $1.9 per unit in 2022, with an increase of 48% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for knives; with handles of base metals increased by +112.8% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8.6 per unit), while the average price for exports to Tanzania ($0.1 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 Indonesia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives; with Handles of Base Metal in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in purchases abroad of knives; with handles of base metals, which increased by 93% to 71K units in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 234% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of knives; with handles of base metals surged to $87K in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 135%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Knives; with Handles of Base Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.9 | 10.5 | 15.6 | 28.9 | 147.8% |
| Taiwan (Chinese) | 0.3 | 0.7 | 2.1 | 16.5 | 280.3% |
| China | 0.3 | 2.6 | 8.6 | 15.6 | 273.3% |
| Denmark | N/A | N/A | 2.9 | 0.1 | -96.6% |
| Others | 5.9 | 5.9 | 14.0 | 26.1 | 64.2% |
| Total | 8.4 | 19.7 | 43.3 | 87.3 | 118.2% |
Top Suppliers of Knives; with Handles of Base Metal to Hong Kong SAR in 2022:
- Thailand (36.8K units)
- China (27.2K units)
- Taiwan (Chinese) (1.7K units)
- Denmark (0.3K units)
Exports of Knives; with Handles of Base Metal in Hong Kong SAR
In 2022, overseas shipments of knives; with handles of base metals decreased by -79.1% to 3.3K units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 63%. As a result, the exports attained the peak of 54K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of knives; with handles of base metals fell sharply to $6.3K in 2022. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of $59K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Knives; with Handles of Base Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.1 | 0.4 | 3.4 | 1.6 | 152.0% |
| Canada | 1.8 | 6.1 | 0.6 | 1.2 | -12.6% |
| Japan | 10.8 | 14.5 | 5.4 | 1.1 | -53.3% |
| Australia | 2.4 | 3.7 | 1.6 | 0.4 | -45.0% |
| Panama | 1.1 | 3.0 | 1.2 | 0.3 | -35.2% |
| United Kingdom | 1.1 | 0.9 | 0.8 | 0.3 | -35.2% |
| Singapore | 0.3 | 1.6 | 0.7 | 0.2 | -12.6% |
| Suriname | 1.0 | 1.5 | 0.7 | 0.2 | -41.5% |
| Philippines | 0.6 | 0.1 | 0.2 | 0.1 | -45.0% |
| Botswana | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Tanzania | N/A | N/A | 0.1 | N/A | 0% |
| Timor-Leste | 0.1 | 0.7 | 0.2 | N/A | 41.4% |
| Jamaica | 1.4 | 1.0 | 0.2 | N/A | -62.2% |
| Others | 15.4 | 25.6 | 5.2 | 0.9 | -61.2% |
| Total | 36.2 | 59.4 | 20.5 | 6.3 | -44.2% |
Top Export Markets for Knives; with Handles of Base Metal from Hong Kong SAR in 2022:
- Suriname (642.0 units)
- Canada (452.0 units)
- Japan (432.0 units)
- Philippines (411.0 units)
- Tanzania (231.0 units)
- Indonesia (184.0 units)
- Australia (154.0 units)
- Panama (85.0 units)
- Singapore (74.0 units)
- United Kingdom (68.0 units)
- Timor-Leste (63.0 units)
- Jamaica (54.0 units)
- Botswana (54.0 units)
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