The import of blades for knives for hand use to South Africa stood at 0.94151 million US dollars in 2023. Over the past two years, the import values have shown slight increments, with a year-on-year variation of 1.45% from 2021 to 2022, and 1.4% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years has been modest, standing at 0.98% from 2018 to 2023.
Future trends to watch for:
- Stable but modest growth is projected, with a CAGR of 1.1% forecasted over the next five years.
- Growth is expected to be relatively steady, reaching 1.0095 million US dollars by 2028, representing a forecasted five-year growth rate of 5.62%.
- External factors such as changes in trade policies, local economic conditions, and global supply chain dynamics will be essential in shaping future import trends.