Price for Knives; with Handles of Base Metal in Singapore - 2022

Contents:

  1. Price for Knives; with Handles of Base Metal in Singapore (CIF) - 2022
  2. Price for Knives; with Handles of Base Metal in Singapore (FOB) - 2022
  3. Imports of Knives; with Handles of Base Metal in Singapore
  4. Exports of Knives; with Handles of Base Metal in Singapore

Price for Knives; with Handles of Base Metal in Singapore (CIF) - 2022

In 2022, the average import price for knives; with handles of base metals amounted to $1.7 per unit, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2016 an increase of 48%. As a result, import price attained the peak level of $1.9 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($3.2 per unit), while the price for China ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knives; with Handles of Base Metal in Singapore (FOB) - 2022

In 2022, the average export price for knives; with handles of base metals amounted to $3.6 per unit, growing by 38% against the previous year. In general, the export price saw a pronounced expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 207%. As a result, the export price attained the peak level of $6.8 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($12 per unit), while the average price for exports to Indonesia ($0.5 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 the Philippines (+11.1%), while the prices for the other major destinations experienced a decline.

Imports of Knives; with Handles of Base Metal in Singapore

Imports of knives; with handles of base metals into Singapore declined rapidly to 100K units in 2022, which is down by -74.1% on 2021 figures. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of attained the maximum at 1.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of knives; with handles of base metals declined remarkably to $173K in 2022. In general, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of attained the peak figure at $2.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Knives; with Handles of Base Metal in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.61640.439.4104.6%
Malaysia88.910214138.9-24.1%
China1,93372.920131.2-74.7%
Japan8.527.510311.310.0%
United States61.421.846.410.3-44.8%
Portugal11.29.99.66.2-17.9%
Hong Kong SAR1.66.37.15.349.1%
Others57.069.043.230.6-18.7%
Total2,166473553173-56.9%

Top Suppliers of Knives; with Handles of Base Metal to Singapore in 2022:

  1. China (53.0K units)
  2. Malaysia (12.7K units)
  3. Spain (12.2K units)
  4. United States (5.6K units)
  5. Japan (3.5K units)
  6. Portugal (1.9K units)
  7. Hong Kong SAR (1.6K units)

Exports of Knives; with Handles of Base Metal in Singapore

In 2022, shipments abroad of knives; with handles of base metals decreased by -45.2% to 40K units, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 151% against the previous year. As a result, the exports reached the peak of 205K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of knives; with handles of base metals contracted sharply to $141K in 2022. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 108% against the previous year. As a result, the exports reached the peak of $522K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Knives; with Handles of Base Metal in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia10914383.461.5-17.4%
Thailand26.310.00.517.6-12.5%
Vietnam4.012.721.217.563.6%
Indonesia6.58.118.413.026.0%
United States4.15.26.15.812.3%
United Arab Emirates7.120.217.22.9-25.8%
Brunei Darussalam7.10.5N/A1.0-48.0%
Philippines49.429815.90.7-75.8%
Others37.024.624.221.0-17.2%
Total251522187141-17.5%

Top Export Markets for Knives; with Handles of Base Metal from Singapore in 2022:

  1. Indonesia (24.2K units)
  2. Malaysia (5.8K units)
  3. Vietnam (2.8K units)
  4. Thailand (1.5K units)
  5. United States (1.0K units)
  6. United Arab Emirates (0.5K units)
  7. Philippines (0.4K units)
  8. Brunei Darussalam (0.3K units)

Source: IndexBox Market Intelligence Platform

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