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  May 3rd, 2023 | Written by

Import of U.S. Cutting Blades Decreases by 5% to $37M in Feb 2023

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U.S. Cutting Blade Imports

In February 2023, approximately 1.2K tons of knives and cutting blades (for machines or for mechanical appliances) were imported into the United States; dropping by -20.6% against the previous month’s figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 39% against the previous month.

In value terms, cutting blade imports declined modestly to $37M (IndexBox estimates) in February 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 32% m-o-m. As a result, imports reached the peak of $49M. From April 2022 to February 2023, the growth of imports remained at a lower figure.

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Imports by Country

China (274 tons), France (183 tons) and Japan (154 tons) were the main suppliers of cutting blade imports to the United States, together accounting for 52% of total imports. Germany, Vietnam, Taiwan (Chinese), South Korea, Mexico, Austria, Sweden, Switzerland, India and Canada lagged somewhat behind, together accounting for a further 39%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +7.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($7.7M) constituted the largest supplier of cutting blade to the United States, comprising 21% of total imports. The second position in the ranking was held by China ($3.5M), with a 9.4% share of total imports. It was followed by Japan, with an 8.5% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value from Germany amounted to +1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.5% per month) and Japan (-3.2% per month).

Import Prices by Country

In February 2023, the cutting blade price stood at $31,762 per ton (CIF, US), rising by 20% against the previous month. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($114K per ton), while the price for France ($6,849 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform