Asia-Pacific: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Asia-Pacific

In 2022, the Asia-Pacific metal cutting shear market decreased by -4.8% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.8%. 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-Pacific

In value terms, metal cutting shear production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Cutting Shear Exports

Exports in Asia-Pacific

In 2022, metal cutting shear exports in Asia-Pacific expanded rapidly to X tons, growing by 7.2% on 2021 figures. The total export volume increased at an average annual rate of +4.8% 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 2020 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, metal cutting shear exports expanded notably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the main exporter of metal cutting shears and similar hand tools in Asia-Pacific, with the volume of exports resulting at X tons, which was near 72% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), making up a 24% share of total exports. Japan (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.7% from 2012 to 2022. 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-Pacific, with a CAGR of +6.2% from 2012-2022. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by +6.3 and +3.1 percentage points, 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-Pacific were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 94% of total exports.

China, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 ($X per ton), while China ($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-Pacific

In 2022, approx. X tons of metal cutting shears and similar hand tools were imported in Asia-Pacific; waning by -3.2% against 2021 figures. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal cutting shear imports rose slightly to $X in 2022. In general, imports saw a sharp descent. The most prominent rate of growth was recorded in 2017 when imports increased by 5.1%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), China (X tons), Japan (X tons), Australia (X tons) and India (X tons) were the largest importers of metal cutting shears and similar hand tools, together constituting 72% of total imports. The Philippines (X tons), Singapore (X tons), South Korea (X tons), Vietnam (X tons), Malaysia (X tons), Bangladesh (X tons) and New Zealand (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. China, South Korea, Thailand, Singapore, Vietnam, New Zealand, the Philippines, India, Malaysia and Bangladesh lagged somewhat behind, together accounting for a further 52%.

India, with a CAGR of +9.1%, recorded 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-Pacific stood at $X per ton in 2022, increasing by 6.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 New Zealand (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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