Eastern Asia: Clasp Knife Market 2024

Clasp Knife Market Size in Eastern Asia

The East Asian clasp knife market declined sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Clasp Knife Production in Eastern Asia

In value terms, clasp knife production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Clasp Knife Exports

Exports in Eastern Asia

For the seventh year in a row, Eastern Asia recorded growth in overseas shipments of clasp knives, which increased by X% to X units in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, clasp knife exports declined modestly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The shipments of the one major exporters of clasp knives, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the clasp knives exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest clasp knife supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Clasp Knife Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of clasp knives, when their volume decreased by X% to X units. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped modestly in the following year.

In value terms, clasp knife imports reduced to $X in 2022. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units), distantly followed by South Korea (X units), China (X units) and Taiwan (Chinese) (X units) were the major importers of clasp knives, together generating X% of total imports. Hong Kong SAR (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest clasp knife importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per unit) and Japan ($X per unit), while Taiwan (Chinese) ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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