Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea - 2022

Contents:

1. Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea (CIF) - 2022
2. Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea (FOB) - 2022
3. Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea
4. Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea

Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea (CIF) - 2022

The average import price for knives with cutting blades, serrated or not (including pruning knives)s stood at $8.3 per unit in December 2022, increasing by 9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 193% against the previous month. As a result, import price attained the peak level of $20.7 per unit. From April 2022 to December 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($70.6 per unit), while the price for China stood at $6.1 per unit.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%).

Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea (FOB) - 2022

The average export price for knives with cutting blades, serrated or not (including pruning knives)s stood at $12 per unit in 2022, stabilizing at the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for knives with cutting blades, serrated or not (including pruning knives)s decreased by -36.4% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $20 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($27 per unit), while the average price for exports to Lebanon ($2 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 the United States (+11.7%), 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 South Korea

In 2022, purchases abroad of knives with cutting blades, serrated or not (including pruning knives)s decreased by -28.1% to 1.1M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Imports peaked at 1.5M units in 2021, and then fell notably in the following year.

In value terms, imports of knives with cutting blades, serrated or not (including pruning knives)s plummeted to $10M in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 102%. Imports peaked at $15M in 2021, and then dropped sharply in the following year.

Top Suppliers of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) to South Korea in 2022:

1. China (1040.8K units)
2. Germany (24.8K units)

Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of knives with cutting blades, serrated or not (including pruning knives)s, when their volume decreased by -35.4% to 7.3K units. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 462%. As a result, the exports reached the peak of 11K units, and then reduced sharply in the following year.

In value terms, exports of knives with cutting blades, serrated or not (including pruning knives)s fell significantly to $90K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 254%. As a result, the exports attained the peak of $138K, and then contracted dramatically in the following year.

Top Export Markets for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) from South Korea in 2022:

1. Netherlands (3118.0 units)
2. United States (1939.0 units)
3. Uzbekistan (473.0 units)
4. Indonesia (276.0 units)
5. Brazil (264.0 units)
6. New Zealand (222.0 units)
7. Lebanon (211.0 units)
8. China (183.0 units)
9. Chile (142.0 units)
10. Fiji (131.0 units)
11. Guatemala (18.0 units)

Source: IndexBox Market Intelligence Platform