Report Canada - Metal Cutting Shears and Similar Hand Tools - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Canada - Metal Cutting Shears and Similar Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Canada

The Canadian metal cutting shear market expanded significantly to $X in 2022, growing by 11% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Metal cutting shear consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metal Cutting Shear Production in Canada

In value terms, metal cutting shear production dropped sharply to $X in 2022 estimated in export price. Overall, production faced a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 73% against the previous year. Metal cutting shear production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Metal Cutting Shear Exports

Exports from Canada

After two years of growth, shipments abroad of metal cutting shears and similar hand tools decreased by -2.1% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 153%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, metal cutting shear exports soared to $X in 2022. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 145% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal cutting shear exports from Canada, accounting for a 73% share of total exports. Moreover, metal cutting shear exports to the United States exceeded the volume sent to the second major destination, China (X tons), fivefold. France (X kg) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.8% per year) and France (+6.8% per year).

In value terms, the United States ($X) remains the key foreign market for metal cutting shears and similar hand tools exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by France, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+39.3% per year) and France (+14.4% per year).

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, picking up by 49% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal cutting shear export price increased by +52.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and China ($X per ton), while the average price for exports to Turkey ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Canada

In 2022, the amount of metal cutting shears and similar hand tools imported into Canada expanded rapidly to X tons, growing by 14% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, metal cutting shear imports stood at $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of metal cutting shear imports to Canada, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +177.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Vietnam ($X) appeared to be the largest metal cutting shear suppliers to Canada, with a combined 78% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +185.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal cutting shear import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Japan ($X per ton), while the price for Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 39% of global consumption. Japan, Taiwan Chinese), Germany, Russia, Pakistan, the UK, Mexico, South Korea, Italy and Spain lagged somewhat behind, together accounting for a further 32%.
The country with the largest volume of metal cutting shear production was China, accounting for 47% of total volume. Moreover, metal cutting shear production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Taiwan Chinese) ranked third in terms of total production with a 5.8% share.
In value terms, the largest metal cutting shear suppliers to Canada were the United States, China and Taiwan Chinese), together accounting for 85% of total imports. Germany, Vietnam and Japan lagged somewhat behind, together comprising a further 12%.
In value terms, the largest markets for metal cutting shear exported from Canada were the United States, Italy and Mexico, with a combined 92% share of total exports.
The average metal cutting shear export price stood at $19,399 per ton in 2021, picking up by 59% against the previous year.
The average metal cutting shear import price stood at $16,696 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the metal cutting shear market in Canada. 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:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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