ASEAN: Market for Scissors and Tailor Shears 2024

Market Size for Scissors and Tailor Shears in ASEAN

In 2021, the ASEAN scissors and tailor shears market increased by 20% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Scissors and Tailor Shears in ASEAN

In value terms, scissors and tailor shears production fell sharply to $X in 2021 estimated in export price. In general, production, however, recorded resilient growth. The growth pace was the most rapid in 2013 when the production volume increased by 2,853% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Scissors and Tailor Shears

Exports in ASEAN

After two years of growth, shipments abroad of scissors and tailor shears decreased by -2.4% to X units in 2021. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of 58%. Over the period under review, the exports hit record highs at X units in 2020, and then fell modestly in the following year.

In value terms, scissors and tailor shears exports expanded rapidly to $X in 2021. Overall, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Vietnam dominates exports structure, resulting at X units, which was near 91% of total exports in 2021. Malaysia (X units), Singapore (X units) and Thailand (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the scissors and tailor shears exports, with a CAGR of +20.1% from 2012 to 2021. At the same time, Thailand (+8.3%) and Malaysia (+4.2%) displayed positive paces of growth. By contrast, Singapore (-10.1%) illustrated a downward trend over the same period. While the share of Vietnam (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-5.8 p.p.) and Singapore (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest scissors and tailor shears supplier in ASEAN, comprising 90% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7% share of total exports. It was followed by Malaysia, with a 2% share.

In Vietnam, scissors and tailor shears exports increased at an average annual rate of +26.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-3.0% per year) and Malaysia (+0.1% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, with an increase of 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the export price increased by 20% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), while the other leaders experienced more modest paces of growth.

Imports of Scissors and Tailor Shears

Imports in ASEAN

Scissors and tailor shears imports soared to X units in 2021, jumping by 20% against the year before. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 94% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, scissors and tailor shears imports surged to $X in 2021. Over the period under review, imports continue to indicate temperate growth. The growth pace was the most rapid in 2015 when imports increased by 293% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The purchases of the four major importers of scissors and tailor shears, namely Vietnam, Indonesia, Thailand and Malaysia, represented more than two-thirds of total import. Cambodia (X units) and Myanmar (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported scissors and tailor shears in ASEAN, comprising 62% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by Thailand, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+12.9% per year) and Thailand (+2.2% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, reducing by -4.2% against the previous year. Over the period under review, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 131% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform