Asia: Secateurs Market 2024

Secateurs Market Size in Asia

The Asian secateurs market reduced to $X in 2021, shrinking by -6.7% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Secateurs Production in Asia

In value terms, secateurs production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Secateurs Exports

Exports in Asia

For the third year in a row, Asia recorded growth in overseas shipments of secateurs and similar one-handed pruners and shears, which increased by 44% to X tons in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +132.2% against 2013 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, secateurs exports skyrocketed to $X in 2021. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of secateurs and similar one-handed pruners and shears in Asia, with the volume of exports accounting for X tons, which was near 69% of total exports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 15% share, followed by Vietnam (13%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to secateurs exports from China stood at +8.2%. At the same time, Vietnam (+31.6%), Japan (+7.7%) and Taiwan (Chinese) (+5.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.6% from 2012-2021. While the share of Vietnam (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-4.5 p.p.) and Taiwan (Chinese) (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest secateurs supplier in Asia, comprising 63% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +13.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+8.1% per year) and Vietnam (+23.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Secateurs Imports

Imports in Asia

For the third consecutive year, Asia recorded growth in purchases abroad of secateurs and similar one-handed pruners and shears, which increased by 24% to X tons in 2021. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, secateurs imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Japan (X tons) and Thailand (X tons) represented roughly 51% of total imports in 2021. China (X tons) held a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (5.4%), Iraq (4.7%) and Kazakhstan (4.6%). The following importers - India (X tons), Malaysia (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Uzbekistan (X tons) and Taiwan (Chinese) (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +114.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported secateurs and similar one-handed pruners and shears in Asia, comprising 24% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (+6.5% per year) and South Korea (+8.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, declining by -3.2% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 6.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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