Price for Knives; with Handles of Base Metal in South Korea - 2022
Contents:
- Price for Knives; with Handles of Base Metal in South Korea (CIF) - 2022
- Price for Knives; with Handles of Base Metal in South Korea (FOB) - 2022
- Imports of Knives; with Handles of Base Metal in South Korea
- Exports of Knives; with Handles of Base Metal in South Korea
Price for Knives; with Handles of Base Metal in South Korea (CIF) - 2022
In 2022, the average import price for knives; with handles of base metals amounted to $2.2 per unit, growing by 11% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 146% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Vietnam ($5 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knives; with Handles of Base Metal in South Korea (FOB) - 2022
The average export price for knives; with handles of base metals stood at $1.5 per unit in 2022, which is down by -14.4% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 an increase of 70% against the previous year. As a result, the export price attained the peak level of $3.1 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($6.7 per unit), while the average price for exports to Mongolia ($0.3 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 Mongolia (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives; with Handles of Base Metal in South Korea
In 2022, the amount of knives; with handles of base metals imported into South Korea soared to 90K units, rising by 180% against 2021. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of knives; with handles of base metals soared to $198K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Knives; with Handles of Base Metal in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 109 | 0% |
| China | 9.7 | 20.0 | 29.8 | 46.3 | 68.4% |
| United States | 1.9 | 10.9 | 6.6 | 10.8 | 78.5% |
| Vietnam | N/A | N/A | 0.8 | 7.0 | 775.0% |
| Taiwan (Chinese) | 7.6 | N/A | 9.6 | N/A | 12.4% |
| Others | 6.8 | 11.2 | 16.7 | 24.6 | 53.5% |
| Total | 25.9 | 42.1 | 63.6 | 198 | 97.0% |
Top Suppliers of Knives; with Handles of Base Metal to South Korea in 2022:
- Denmark (47.3K units)
- China (38.5K units)
- Vietnam (1.4K units)
- United States (0.5K units)
Exports of Knives; with Handles of Base Metal in South Korea
In 2022, shipments abroad of knives; with handles of base metals decreased by -65% to 27K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a strong increase. The growth pace was the most rapid in 2020 when exports increased by 171%. The exports peaked at 76K units in 2021, and then fell remarkably in the following year.
In value terms, exports of knives; with handles of base metals fell markedly to $41K in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 111% against the previous year. The exports peaked at $136K in 2021, and then contracted rapidly in the following year.
| Export of Knives; with Handles of Base Metal in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.7 | 65.4 | 39.6 | 27.2 | 22.8% |
| Taiwan (Chinese) | 11.9 | N/A | N/A | 5.9 | -20.9% |
| Japan | N/A | N/A | 9.9 | 2.5 | -74.7% |
| China | N/A | 55.7 | N/A | 2.4 | -79.2% |
| Indonesia | N/A | N/A | 24.8 | 1.0 | -96.0% |
| Tunisia | 0.1 | 0.7 | 0.8 | 0.7 | 91.3% |
| Mongolia | N/A | N/A | N/A | 0.5 | 0% |
| Kazakhstan | N/A | N/A | 0.8 | N/A | 0% |
| Italy | N/A | N/A | 19.4 | N/A | 0% |
| Australia | 27.6 | N/A | N/A | N/A | 0% |
| Others | 6.0 | 5.3 | 40.9 | 0.7 | -51.1% |
| Total | 60.4 | 127 | 136 | 40.8 | -12.3% |
Top Export Markets for Knives; with Handles of Base Metal from South Korea in 2022:
- United States (20.9K units)
- Mongolia (1.5K units)
- Taiwan (Chinese) (1.4K units)
- Indonesia (0.8K units)
- Tunisia (0.6K units)
- Japan (0.6K units)
- China (0.4K units)
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