Southern Asia: Cutting Blade Market 2024

Cutting Blade Market Size in Southern Asia

In 2022, the South Asian cutting blade market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated a strong 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. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Cutting Blade Production in Southern Asia

In value terms, cutting blade production amounted to $X in 2022 estimated in export price. The total production indicated prominent growth 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cutting Blade Exports

Exports in Southern Asia

In 2022, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, cutting blade exports surged to $X in 2022. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the knives and cutting blades (for machines or for mechanical appliances) exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cutting blade supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, cutting blade exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Cutting Blade Imports

Imports in Southern Asia

In 2022, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) increased by X% to X tons, rising for the fourth year in a row after six years of decline. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cutting blade imports expanded to $X in 2022. Total imports indicated moderate growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Sri Lanka (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%) and Bangladesh (X%). Nepal (X tons) took a minor share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sri Lanka and Bangladesh increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported knives and cutting blades (for machines or for mechanical appliances) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, cutting blade imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Pakistan ($X per ton), while Sri Lanka ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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