Eastern Asia: Hedge Shear Market 2025

Hedge Shear Market Size in Eastern Asia

In 2021, the East Asian hedge shear market decreased by -1.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, continues to indicate a slight increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Hedge Shear Production in Eastern Asia

In value terms, hedge shear production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Hedge Shear Exports

Exports in Eastern Asia

In 2021, overseas shipments of hedge shears and two-handed pruning shears were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, hedge shear exports surged to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of hedge shears and two-handed pruning shears in Eastern Asia, with the volume of exports reaching X tons, which was approx. 77% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), generating a 22% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hedge shears and two-handed pruning shears. At the same time, Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.2% from 2012-2021. Taiwan (Chinese) (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -4.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest hedge shear supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 31% share of total exports.

In China, hedge shear exports expanded at an average annual rate of +3.1% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, the export price attained 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 Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%).

Hedge Shear Imports

Imports in Eastern Asia

In 2021, imports of hedge shears and two-handed pruning shears in Eastern Asia shrank modestly to X tons, declining by -4.3% on 2020. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, hedge shear imports stood at $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Japan was the key importer of hedge shears and two-handed pruning shears in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 62% of total imports in 2021. China (X tons) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6.4%). The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - each recorded a 4.3% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of hedge shears and two-handed pruning shears. At the same time, Hong Kong SAR (+7.9%), South Korea (+3.6%) and China (+1.6%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.9% from 2012-2021. By contrast, Taiwan (Chinese) (-6.3%) illustrated a downward trend over the same period. While the share of China (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-2.2 p.p.) and Japan (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported hedge shears and two-handed pruning shears in Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by South Korea, with an 11% share.

In Japan, hedge shear imports increased at an average annual rate of +1.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+7.2% per year) and South Korea (+3.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import 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 importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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