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China - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

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Jun 11, 2023

China's Metal Cutting Shear Export Drops 6% to $3.7M in April 2023

China Metal Cutting Shear Exports

In April 2023, the amount of metal cutting shears and similar hand tools exported from China reduced to 577 tons, shrinking by -6.5% on the previous month. In general, exports, however, posted a slight increase. The pace of growth appeared the most rapid in March 2023 when exports increased by 68% m-o-m.

In value terms, metal cutting shear exports declined to $3.7M (IndexBox estimates) in April 2023. Over the period under review, total exports indicated mild growth from April 2022 to April 2023: its value increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +52.7% against February 2023 indices. The most prominent rate of growth was recorded in March 2023 when exports increased by 63% month-to-month.

COUNTRY	Export Value of Metal Cutting Shear in China (thousand USD)
COUNTRY	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023
United States	1,222	1,248	1,087	2,014	1,272	1,309	1,161	1,209	1,592	1,468	1,048	1,398	859
Russia	59.6	38.4	140	408	466	264	145	206	281	281	147	213	461
Vietnam	83.1	230	170	73.6	111	233	60.9	118	51.7	25.7	60.4	120	228
Saudi Arabia	74.5	56.7	44.6	38.7	84.6	38.5	58.0	34.2	43.3	51.6	0.3	51.6	190
United Kingdom	77.6	105	103	152	83.3	89.1	71.4	17.0	55.9	69.8	53.7	90.8	172
Brazil	28.7	93.4	123	136	187	95.2	120	146	200	124	66.0	116	129
Germany	118	178	360	258	95.0	52.5	99.9	42.8	75.6	98.7	55.9	137	117
Poland	13.9	110	111	105	56.7	137	64.8	50.6	27.6	142	28.7	111	92.4
Malaysia	27.7	54.8	59.8	84.2	47.5	47.2	42.9	21.5	96.2	25.5	18.8	123	85.6
Indonesia	61.8	274	151	178	135	163	109	51.0	61.1	148	2.9	66.5	83.2
India	70.1	75.8	189	111	62.4	167	92.5	154	204	159	3.1	96.9	78.7
Philippines	61.1	94.7	118	210	138	154	157	102	74.2	110	73.5	136	74.2
United Arab Emirates	57.2	166	59.6	45.9	108	54.7	69.8	90.6	101	51.0	38.7	59.1	36.8
Others	1,015	1,279	1,552	2,793	1,244	1,499	1,302	1,466	1,666	1,483	796	1,187	1,046
Total	2,970	4,003	4,268	6,607	4,090	4,303	3,554	3,708	4,530	4,236	2,392	3,907	3,653

Exports by Country

The United States (103 tons), Russia (101 tons) and Brazil (29 tons) were the main destinations of metal cutting shear exports from China, with a combined 40% share of total exports.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($859K), Russia ($461K) and Vietnam ($228K) appeared to be the largest markets for metal cutting shear exported from China worldwide, with a combined 42% share of total exports.

Russia, with a CAGR of +18.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In April 2023, the metal cutting shear price stood at $6,335 per ton (FOB, China), remaining constant against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $6,513 per ton. From March 2023 to April 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was the UK ($11,549 per ton), while the average price for exports to the United Arab Emirates ($3,833 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal cutting shear market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733023 - Metal cutting shears and similar hand tools

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

China - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

China's Metal Cutting Shear Export Drops 6% to $3.7M in April 2023

China Metal Cutting Shear Exports

Exports by Country

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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