Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR - 2023
Contents:
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (CIF) - 2022
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (FOB) - 2022
- Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR
- Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for knives with cutting blades, serrated or not (including pruning knives)s amounted to $13 per unit, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($13 per unit) and Malaysia ($13 per unit), while the price for China ($13 per unit) and Switzerland ($13 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for knives with cutting blades, serrated or not (including pruning knives)s amounted to $28 per unit, falling by -23.5% against the previous year. In general, the export price, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. The export price peaked at $39 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($36 per unit) and Canada ($28 per unit), while the average price for exports to Australia ($28 per unit) and the UK ($28 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR
Imports of knives with cutting blades, serrated or not (including pruning knives)s into Hong Kong SAR fell significantly to 160K units in 2022, dropping by -31.3% compared with the previous year's figure. In general, imports continue to indicate a dramatic setback. The smallest decline of -1.2% was in 2021. Imports peaked at 342K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of knives with cutting blades, serrated or not (including pruning knives)s fell rapidly to $2M in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 4.2% against the previous year. Over the period under review, imports of reached the maximum at $3.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,204 | 2,296 | 2,361 | 1,722 | -18.7% |
| United States | 3.7 | 2.0 | 1.7 | 115 | 214.4% |
| Switzerland | 8.5 | 43.7 | 125 | 113 | 136.9% |
| Malaysia | N/A | N/A | N/A | 35.1 | 0% |
| Germany | 203 | 111 | 160 | 15.3 | -57.8% |
| Others | 117 | 118 | 30.4 | 45.7 | -26.9% |
| Total | 3,537 | 2,571 | 2,679 | 2,046 | -16.7% |
Top Suppliers of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) to Hong Kong SAR in 2022:
- China (134.5K units)
- United States (9.0K units)
- Switzerland (8.9K units)
- Malaysia (2.7K units)
- Germany (1.2K units)
Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in shipments abroad of knives with cutting blades, serrated or not (including pruning knives)s, when their volume increased by 39% to 45K units. In general, exports, however, continue to indicate a deep contraction. Over the period under review, the exports of hit record highs at 70K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of knives with cutting blades, serrated or not (including pruning knives)s expanded notably to $1.3M in 2022. Overall, exports, however, continue to indicate a significant contraction. Over the period under review, the exports of attained the maximum at $2.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,070 | 487 | 272 | 391 | -28.5% |
| Germany | 223 | 248 | 222 | 306 | 11.1% |
| China | 435 | 119 | 98.2 | 160 | -28.4% |
| Netherlands | 124 | 9.7 | 192 | 124 | 0.0% |
| Sweden | 467 | 462 | 121 | 102 | -39.8% |
| United Kingdom | 51.5 | 56.6 | 27.4 | 44.2 | -5.0% |
| Macao SAR | 1.2 | 278 | 6.4 | 38.6 | 218.0% |
| Canada | 21.8 | 153 | 192 | 28.5 | 9.3% |
| Others | 238 | 80.7 | 74.6 | 83.7 | -29.4% |
| Total | 2,630 | 1,893 | 1,206 | 1,277 | -21.4% |
Top Export Markets for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) from Hong Kong SAR in 2022:
- United States (13.9K units)
- Germany (10.9K units)
- China (5.7K units)
- Netherlands (4.4K units)
- Sweden (3.6K units)
- United Kingdom (1.6K units)
- Macao SAR (1.4K units)
- Canada (1.0K units)
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