Eastern Asia: Secateurs Market 2024

Secateurs Market Size in Eastern Asia

The East Asian secateurs market dropped to $X in 2021, shrinking by -11.1% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Secateurs Production in Eastern Asia

In value terms, secateurs production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; 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 29%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Secateurs Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of secateurs and similar one-handed pruners and shears, which increased by 37% to X tons in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 +39.3% against 2017 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. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of secateurs and similar one-handed pruners and shears in Eastern Asia, with the volume of exports finishing at X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 17% share of total exports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the secateurs and similar one-handed pruners and shears exports, with a CAGR of +8.2% from 2012 to 2021. At the same time, Japan (+7.7%) and Taiwan (Chinese) (+5.2%) displayed positive paces of growth. While the share of China (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest secateurs supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports.

In China, secateurs exports expanded at an average annual rate of +13.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+8.1% per year) and Japan (+6.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 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 Eastern Asia

In 2021, imports of secateurs and similar one-handed pruners and shears in Eastern Asia totaled X tons, with an increase of 1.7% on the year before. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, secateurs imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan was the key importing country with an import of about X tons, which finished at 53% of total imports. China (X tons) held the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together took near 45% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into Japan decreased at an average annual rate of -1.8% from 2012 to 2021. At the same time, China (+14.3%), Hong Kong SAR (+13.3%) and South Korea (+12.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.3% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. China (+14 p.p.) and South Korea (+9.9 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -23.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported secateurs and similar one-handed pruners and shears in Eastern Asia, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by South Korea, with a 19% 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

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 5.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 15%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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