Puerto Rico: Knife And Scissors Market 2024

Knife And Scissors Market Size in Puerto Rico

After two years of decline, the Puerto Rican knife and scissors market increased by 18% to $X in 2021. Over the period under review, consumption saw a slight expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Knife And Scissors Production in Puerto Rico

In value terms, knife and scissors production soared to $X in 2021 estimated in export price. Overall, production enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Knife And Scissors Exports

Exports from Puerto Rico

In 2021, exports of knives, scissors and blades from Puerto Rico amounted to less than X kg, leveling off at the year before. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, knife and scissors exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 77% of total exports in 2021. Germany (X tons), the Netherlands (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to knife and scissors exports from China stood at +3.9%. At the same time, the Netherlands (+7.3%) and Germany (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.3% from 2012-2021. By contrast, South Africa (-36.9%) illustrated a downward trend over the same period. While the share of China (+4.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Africa (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest knife and scissors supplier from Puerto Rico, comprising 54% of global exports. The second position in the ranking was held by Germany ($X), with a 9.8% share of global exports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +7.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+4.6% per year) and the Netherlands (+3.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+52.3%), while the other leaders experienced more modest paces of growth.

Knife And Scissors Imports

Imports into Puerto Rico

In 2021, the amount of knives, scissors and blades imported into Puerto Rico amounted to less than X kg, almost unchanged from the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, knife and scissors imports totaled less than $X in 2021. Overall, imports showed a relatively flat trend pattern.

Imports by Country

The United States (X tons) and South Africa (X tons) were the major importers of knives, scissors and blades in 2021, accounting for near 42% and 0.5% of total imports, respectively. The following importers - Germany (X tons), Russia (X tons), the Netherlands (X tons), Indonesia (X tons), France (X tons), Canada (X tons), the UK (X tons), Thailand (X tons), India (X tons), Brazil (X tons) and Australia (X tons) - together made up 26% of total imports.

From 2012 to 2021, average annual rates of growth with regard to knives, scissors and blades imports into the United States and South Africa stood at +14.6% and -41.9%, respectively. At the same time, India (+23.6%), Thailand (+16.2%), Indonesia (+15.1%), the Netherlands (+6.8%), Russia (+3.9%), Canada (+2.4%) and France (+1.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +23.6% from 2012-2021. Germany, the UK and Australia experienced a relatively flat trend pattern. By contrast, Brazil (-1.6%) illustrated a downward trend over the same period. While the share of the United States (+32 p.p.), Indonesia (+2 p.p.), India (+1.8 p.p.), Thailand (+1.7 p.p.) and the Netherlands (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of South Africa (-53.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported knives, scissors and blades into Puerto Rico, comprising 28% of global imports. The second position in the ranking was held by Germany ($X), with an 8.8% share of global imports. It was followed by the Netherlands, with a 4.6% share.

In the United States, knife and scissors imports increased at an average annual rate of +5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+4.2% per year) and the Netherlands (+8.5% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+77.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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