Price for Knives with Cutting Blades in Malaysia - 2021
Contents:
- Price for Knives with Cutting Blades in Malaysia (CIF) - 2021
- Price for Knives with Cutting Blades in Malaysia (FOB) - 2022
- Imports of Knives with Cutting Blades in Malaysia
- Exports of Knives with Cutting Blades in Malaysia
Price for Knives with Cutting Blades in Malaysia (CIF) - 2021
The average knives with cutting blades import price stood at $2.1 per unit in December 2021, rising by 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 149% against the previous month. As a result, import price attained the peak level of $12.7 per unit. From August 2021 to December 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($4.2 per unit), while the price for Thailand ($1.4 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Knives with Cutting Blades in Malaysia (FOB) - 2022
In 2022, the average knives with cutting blades export price amounted to $1.3 per unit, with an increase of 4.5% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 67% against the previous year. The export price peaked at $2.1 per unit in 2015; however, 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 Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +3.3% per year.
Imports of Knives with Cutting Blades in Malaysia
In 2022, approx. 9.3M units of knives with cutting bladeses were imported into Malaysia; falling by -25.1% compared with 2021 figures. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of 12M units, and then dropped sharply in the following year.
In value terms, knives with cutting blades imports shrank dramatically to $13M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 135% against the previous year. As a result, imports attained the peak of $18M, and then reduced notably in the following year.
| Import of Knives with Cutting Blades in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 6.2 | 14.4 | 10.9 | 21.3% |
| South Korea | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Others | 0.8 | 1.4 | 3.3 | 1.9 | 33.4% |
| Total | 7.0 | 7.6 | 17.9 | 12.8 | 22.3% |
Top Suppliers of Knives with Cutting Blades to Malaysia in 2022:
- China (8.9M units)
Exports of Knives with Cutting Blades in Malaysia
In 2022, after three years of growth, there was significant decline in overseas shipments of knives with cutting bladeses, when their volume decreased by -14.1% to 2.5M units. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 26% against the previous year. The exports peaked at 2.9M units in 2021, and then contracted in the following year.
In value terms, knives with cutting blades exports reduced to $3.3M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 49%. The exports peaked at $3.7M in 2021, and then contracted in the following year.
| Export of Knives with Cutting Blades in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 0.6 | N/A | 3,328 | 7347.6% |
| Japan | N/A | 450 | 174 | N/A | -61.3% |
| United States | 119 | 122 | 229 | N/A | 38.7% |
| India | 219 | 95.1 | 316 | N/A | 20.1% |
| Indonesia | 1,153 | 858 | 1,393 | N/A | 9.9% |
| Kuwait | 27.7 | N/A | N/A | N/A | 0% |
| Singapore | 106 | 217 | 575 | N/A | 132.9% |
| Turkey | 60.6 | 137 | 189 | N/A | 76.6% |
| Others | 298 | 1,070 | 830 | N/A | 66.9% |
| Total | 1,984 | 2,950 | 3,705 | 3,328 | 18.8% |
Top Export Markets for Knives with Cutting Blades from Malaysia in 2022:
- Myanmar (2.5M units)
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