Price for Knives; with Handles of Base Metal in the United States - 2024

Contents:

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

Price for Knives; with Handles of Base Metal in the United States (FOB) - 2022

The average export price for knives; with handles of base metals stood at $7.1 per unit in 2022, declining by -14.3% against the previous year. In general, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the peak figure at $9.5 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($10 per unit), while the average price for exports to Denmark ($0.7 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 Finland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Knives; with Handles of Base Metal in the United States (CIF) - 2022

In 2022, the average import price for knives; with handles of base metals amounted to $2.3 per unit, which is down by -7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 when the average import price increased by 8.1%. As a result, import price attained the peak level of $2.5 per unit, and then declined in the following year.

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 Italy ($12 per unit), while the price for South Korea ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Knives; with Handles of Base Metal in the United States

In 2022, shipments abroad of knives; with handles of base metals decreased by -13.4% to 410K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. Over the period under review, the exports of reached the peak figure at 473K units in 2021, and then shrank in the following year.

In value terms, exports of knives; with handles of base metals declined significantly to $2.9M in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, the exports of hit record highs at $3.9M in 2021, and then dropped sharply in the following year.

Top Export Markets for Knives; with Handles of Base Metal from the United States in 2022:

1. Mexico (83.8K units)
2. Guatemala (80.8K units)
3. El Salvador (30.6K units)
4. China (29.4K units)
5. Canada (23.5K units)
6. Netherlands (20.9K units)
7. Australia (19.0K units)
8. Ecuador (15.7K units)
9. Finland (14.0K units)
10. Denmark (13.7K units)
11. Germany (12.1K units)
12. Latvia (9.6K units)
13. Malaysia (6.4K units)

Imports of Knives; with Handles of Base Metal in the United States

For the fourth year in a row, the United States recorded growth in overseas purchases of knives; with handles of base metals, which increased by 0.8% to 941K units in 2022. The total import volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of knives; with handles of base metals fell to $2.2M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $2.4M, and then shrank in the following year.

Top Suppliers of Knives; with Handles of Base Metal to the United States in 2022:

1. Mexico (388.4K units)
2. China (360.2K units)
3. Taiwan (Chinese) (91.0K units)
4. South Korea (32.9K units)
5. Italy (14.3K units)
6. India (9.1K units)

Source: IndexBox Market Intelligence Platform