South-Eastern Asia: Clasp Knife Market 2024

Clasp Knife Market Size in South-Eastern Asia

In 2023, the Southeast Asian clasp knife market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, recorded a mild contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Clasp Knife Production in South-Eastern Asia

In value terms, clasp knife production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Clasp Knife Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of clasp knives decreased by X% to X units, falling for the second consecutive year after ten years of growth. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, clasp knife exports reduced notably to $X in 2023. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell rapidly in the following year.

Exports by Country

The shipments of the two major exporters of clasp knives, namely Thailand and Vietnam, represented more than two-thirds of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%).

In value terms, Vietnam ($X) remains the largest clasp knife supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam amounted to X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Clasp Knife Imports

Imports in South-Eastern Asia

In 2023, the amount of clasp knives imported in South-Eastern Asia rose sharply to X units, increasing by X% against 2022 figures. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, clasp knife imports declined to $X in 2023. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

Thailand was the key importing country with an import of about X units, which accounted for X% of total imports. Malaysia (X units) held the second position in the ranking, followed by Indonesia (X units), Vietnam (X units) and the Philippines (X units). All these countries together held approx. X% share of total imports. Singapore (X units) and Brunei Darussalam (X units) held a little share of total imports.

Thailand was also the fastest-growing in terms of the clasp knives imports, with a CAGR of X% from 2012 to 2023. At the same time, Brunei Darussalam (X%), Indonesia (X%), Malaysia (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. Thailand (X p.p.), Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Singapore and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform