Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey - 2024
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (CIF) - 2024
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (CIF) - 2024
In January 2024, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $1.2 per unit, increasing by 3.6% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in September 2023 when the average import price increased by 40% month-to-month. The import price peaked at $2.5 per unit in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($6.1 per unit), while the price for South Korea ($687 per thousand units) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (FOB) - 2022
In 2022, the average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $1 per unit, with a decrease of -8.9% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 36%. Over the period under review, the average export prices reached the peak figure at $2.2 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3.2 per unit), while the average price for exports to Iraq ($0.5 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 Serbia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey
In 2022, purchases abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -3.5% to 2.7M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 2.8M units, and then shrank slightly in the following year.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s contracted to $3.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $3.4M, and then dropped modestly in the following year.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 563 | 907 | 1,504 | 1,124 | 25.9% |
| South Korea | 614 | 453 | 696 | 906 | 13.8% |
| Germany | 260 | 397 | 250 | 306 | 5.6% |
| Malaysia | 180 | 245 | 179 | 276 | 15.3% |
| United Kingdom | 187 | 189 | 284 | 273 | 13.4% |
| Japan | 165 | 107 | 121 | 94.5 | -17.0% |
| Others | 105 | 113 | 328 | 305 | 42.7% |
| Total | 2,073 | 2,412 | 3,362 | 3,285 | 16.6% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Turkey in 2022:
- South Korea (1319.6K units)
- China (759.6K units)
- Malaysia (301.6K units)
- United Kingdom (169.3K units)
- Germany (50.8K units)
- Japan (34.7K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey
Exports of blades; cutting, serrated or not, excluding those of heading no. 8208s from Turkey reduced rapidly to 309K units in 2022, dropping by -30.1% compared with the year before. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 515% against the previous year. As a result, the exports reached the peak of 441K units, and then contracted markedly in the following year.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s dropped dramatically to $313K in 2022. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 430% against the previous year. As a result, the exports attained the peak of $491K, and then declined markedly in the following year.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.8 | 0.3 | 0.5 | 107 | 164.2% |
| Israel | 0.4 | 5.0 | 2.0 | 42.1 | 372.1% |
| Egypt | 3.9 | 0.2 | 24.4 | 38.3 | 114.1% |
| Germany | 12.0 | 26.2 | 29.4 | 17.8 | 14.0% |
| Jordan | 4.2 | 0.5 | 7.0 | 15.9 | 55.9% |
| Libya | 0.4 | 0.2 | 6.8 | 13.4 | 222.4% |
| Bulgaria | 5.5 | 9.1 | 21.0 | 9.5 | 20.0% |
| Iraq | 5.2 | 3.0 | 6.7 | 8.7 | 18.7% |
| Cyprus | 2.3 | 3.3 | 17.5 | 4.4 | 24.1% |
| United States | N/A | N/A | 32.0 | 2.2 | -93.1% |
| Iran | 65.3 | 9.3 | 260 | 2.1 | -68.2% |
| Belgium | 33.4 | 0.8 | 0.6 | N/A | -86.6% |
| Pakistan | 3.5 | N/A | N/A | N/A | 0% |
| Others | 62.4 | 34.8 | 83.2 | 51.9 | -6.0% |
| Total | 204 | 92.7 | 491 | 313 | 15.3% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Turkey in 2022:
- Russia (135.2K units)
- Israel (37.9K units)
- Egypt (22.4K units)
- Jordan (21.6K units)
- Libya (18.3K units)
- Iraq (16.1K units)
- Germany (5.6K units)
- Bulgaria (5.6K units)
- Cyprus (4.5K units)
- Iran (2.0K units)
- United States (0.8K units)
- Belgium (0.1K units)
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