Asia: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Asia

The Asian metal cutting shear market declined to $X in 2022, shrinking by -5.1% against the previous year. In general, consumption showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 8.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Production in Asia

In value terms, metal cutting shear production expanded to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Metal Cutting Shear Exports

Exports in Asia

Metal cutting shear exports rose remarkably to X tons in 2022, surging by 6.8% against the year before. The total export volume increased at an average annual rate of +4.4% over the period from 2012 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 2013 with an increase of 58% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal cutting shear exports stood at $X in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 70% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), committing a 23% share of total exports. The following exporters - Japan (X tons) and Turkey (X tons) - each recorded a 3.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal cutting shear exports from China stood at +5.7%. At the same time, Taiwan (Chinese) (+6.2%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of +6.2% from 2012-2022. Turkey experienced a relatively flat trend pattern. China (+8.2 p.p.) and Taiwan (Chinese) (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal cutting shear supplying countries in Asia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 93% share of total exports.

China, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by 6.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 39%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Cutting Shear Imports

Imports in Asia

For the fourth consecutive year, Asia recorded decline in purchases abroad of metal cutting shears and similar hand tools, which decreased by -16.5% to X tons in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal cutting shear imports contracted to $X in 2022. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 3%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), China (X tons), Japan (X tons), the United Arab Emirates (X tons) and India (X tons) represented the main importers of metal cutting shears and similar hand tools, together achieving 61% of total imports. Kazakhstan (X tons), the Philippines (X tons), Iraq (X tons), Singapore (X tons), South Korea (X tons), Vietnam (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Indonesia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 36% share of total imports. South Korea, Thailand, Singapore, the United Arab Emirates, Vietnam, the Philippines, India, Kazakhstan, Malaysia and Iraq lagged somewhat behind, together comprising a further 45%.

India, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by 7.4% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 9.4%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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