China: Market for Scissors and Tailor Shears 2024

Market Size for Scissors and Tailor Shears in China

For the fifth consecutive year, the Chinese scissors and tailor shears market recorded decline in sales value, which decreased by -42.1% to $X in 2021. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Scissors and Tailor Shears in China

In value terms, scissors and tailor shears production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Scissors and Tailor Shears

Exports from China

In 2021, shipments abroad of scissors and tailor shears increased by 19% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2017 with an increase of 417% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, scissors and tailor shears exports skyrocketed to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +69.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 26% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), India (X units) and Vietnam (X units) were the main destinations of scissors and tailor shears exports from China, with a combined 28% share of total exports. Indonesia, Japan, Thailand, Germany, South Korea, Malaysia, Mexico, Russia, the UK and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +12.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for scissors and tailor shears exports from China, comprising 19% of total exports. The second position in the ranking was taken by India ($X), with a 7.7% share of total exports. It was followed by Vietnam, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+17.2% per year) and Vietnam (+0.5% per year).

Export Prices by Country

In 2021, the average scissors and tailor shears export price amounted to $X per unit, picking up by 5.2% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2016 an increase of 298%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scissors and Tailor Shears

Imports into China

In 2021, supplies from abroad of scissors and tailor shears decreased by -0.8% to X units, falling for the third year in a row after two years of growth. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, scissors and tailor shears imports stood at $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 12%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Vietnam (X units), Pakistan (X units) and South Korea (X units) were the main suppliers of scissors and tailor shears imports to China, with a combined 61% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Japan ($X) and Germany ($X) appeared to be the largest scissors and tailor shears suppliers to China, together accounting for 57% of total imports. Vietnam and South Korea lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Vietnam, with a CAGR of +11.3%, recorded 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 2021, the average scissors and tailor shears import price amounted to $X per unit, rising by 7.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 17%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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