Price for Knives with Cutting Blades in South Korea - 2022
Contents:
- Price for Knives with Cutting Blades in South Korea (CIF) - 2022
- Price for Knives with Cutting Blades in South Korea (FOB) - 2022
- Imports of Knives with Cutting Blades in South Korea
- Exports of Knives with Cutting Blades in South Korea
Price for Knives with Cutting Blades in South Korea (CIF) - 2022
The average knives with cutting blades import price stood at $1.7 per unit in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $1.8 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +3.8% per year.
Price for Knives with Cutting Blades in South Korea (FOB) - 2022
In 2022, the average knives with cutting blades export price amounted to $1.1 per unit, which is down by -2.2% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knives with cutting blades export price increased by +52.0% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 37%. Over the period under review, the average export prices reached the peak figure at $1.1 per unit in 2021, and then contracted slightly in the following year.
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 Japan amounted to +29.4% per year.
Imports of Knives with Cutting Blades in South Korea
In 2022, overseas purchases of knives with cutting bladeses decreased by -6.7% to 28M 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 +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, imports attained the peak of 30M units, and then dropped in the following year.
In value terms, knives with cutting blades imports shrank to $47M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Imports peaked at $50M in 2021, and then declined in the following year.
| Import of Knives with Cutting Blades in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 46.8 | 0% |
| Germany | 5.8 | 7.8 | 7.4 | N/A | 13.0% |
| Japan | 5.1 | 6.2 | 6.1 | N/A | 9.4% |
| China | 18.3 | 20.4 | 25.4 | N/A | 17.8% |
| Vietnam | 3.6 | 3.3 | 4.1 | N/A | 6.7% |
| Others | 4.6 | 5.9 | 6.9 | N/A | 22.5% |
| Total | 37.5 | 43.7 | 49.8 | 46.8 | 7.7% |
Top Suppliers of Knives with Cutting Blades to South Korea in 2022:
- Myanmar (27.9M units)
Exports of Knives with Cutting Blades in South Korea
In 2022, overseas shipments of knives with cutting bladeses were finally on the rise to reach 6.8M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The exports peaked at 9.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, knives with cutting blades exports surged to $7.6M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 22%. As a result, the exports reached the peak of $8.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Knives with Cutting Blades in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 7.6 | 0% |
| Malaysia | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| United States | 1.2 | 0.2 | 0.3 | N/A | -50.0% |
| Indonesia | 4.0 | 3.6 | 4.0 | N/A | 0.0% |
| Iran | 0.3 | 0.3 | 0.4 | N/A | 15.5% |
| Turkey | 0.6 | 0.3 | 0.7 | N/A | 8.0% |
| Others | 0.9 | 4.2 | 1.0 | N/A | 5.4% |
| Total | 7.2 | 8.8 | 6.4 | 7.6 | 1.8% |
Top Export Markets for Knives with Cutting Blades from South Korea in 2022:
- Myanmar (6.8M units)
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