Price for Knives with Cutting Blades in the Philippines - 2023
Contents:
- Price for Knives with Cutting Blades in the Philippines (CIF) - 2022
- Price for Knives with Cutting Blades in the Philippines (FOB) - 2022
- Imports of Knives with Cutting Blades in the Philippines
- Exports of Knives with Cutting Blades in the Philippines
Price for Knives with Cutting Blades in the Philippines (CIF) - 2022
The average knives with cutting blades import price stood at $2 per unit in 2022, shrinking by -12.3% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 146%. The import price peaked at $2.2 per unit in 2021, and then contracted in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($2.3 per unit) and Germany ($2.2 per unit), while the price for Malaysia ($1.6 per unit) and Taiwan (Chinese) ($1.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives with Cutting Blades in the Philippines (FOB) - 2022
The average knives with cutting blades export price stood at $5.8 per unit in 2022, rising by 64% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 137%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
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 Indonesia ($6.1 per unit), while the average price for exports to Guam ($3.5 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 Samoa (+452.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives with Cutting Blades in the Philippines
In 2022, approx. 3.6M units of knives with cutting bladeses were imported into the Philippines; rising by 23% against 2021. Overall, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Over the period under review, imports attained the peak figure at 5.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, knives with cutting blades imports rose notably to $7.2M in 2022. In general, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked at $7.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Knives with Cutting Blades in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5,526 | 2,133 | 2,357 | 2,903 | -19.3% |
Malaysia | 252 | 272 | 2,119 | 2,153 | 104.4% |
Japan | 903 | 779 | 865 | 1,020 | 4.1% |
United States | 213 | 131 | 194 | 227 | 2.1% |
Germany | 109 | 76.1 | 220 | 176 | 17.3% |
Singapore | 97.9 | 165 | 178 | 172 | 20.7% |
Taiwan (Chinese) | 167 | 232 | 106 | 108 | -13.5% |
Others | 566 | 349 | 619 | 424 | -9.2% |
Total | 7,834 | 4,138 | 6,657 | 7,183 | -2.9% |
Top Suppliers of Knives with Cutting Blades to the Philippines in 2022:
- Malaysia (1312.6K units)
- China (1262.2K units)
- Japan (524.5K units)
- United States (121.3K units)
- Singapore (79.8K units)
- Germany (79.8K units)
- Taiwan (Chinese) (60.8K units)
Exports of Knives with Cutting Blades in the Philippines
In 2022, shipments abroad of knives with cutting bladeses increased by 38% to 4.8K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous slump. The exports peaked at 114K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, knives with cutting blades exports soared to $28K in 2022. In general, exports, however, showed a precipitous shrinkage. The exports peaked at $391K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Knives with Cutting Blades in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 6.8 | N/A | 4.0 | 25.9 | 56.2% |
Guam | N/A | N/A | 0.5 | 1.2 | 140.0% |
Palau | N/A | N/A | N/A | 0.4 | 0% |
Fiji | 25.8 | 43.5 | 0.2 | 0.2 | -80.2% |
Japan | 54.4 | 0.7 | 1.5 | N/A | -83.4% |
American Samoa | 242 | 244 | 0.2 | N/A | -97.1% |
Taiwan (Chinese) | N/A | 18.3 | N/A | N/A | 0% |
Others | 61.6 | 33.3 | 6.1 | 0.4 | -81.3% |
Total | 391 | 340 | 12.4 | 28.2 | -58.4% |
Top Export Markets for Knives with Cutting Blades from the Philippines in 2022:
- Indonesia (4231.0 units)
- Guam (354.0 units)
- Palau (76.0 units)
- Fiji (66.0 units)
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