Hong Kong SAR, China: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Hong Kong SAR, China

The Hong Kong metal cutting shear market expanded slightly to $X in 2022, increasing by 4% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -36.5% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Cutting Shear Production in Hong Kong SAR, China

In value terms, metal cutting shear production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 164%. 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 Hong Kong SAR, China

Metal cutting shear exports from Hong Kong SAR dropped markedly to X tons in 2022, falling by -44.2% against the year before. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 192% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal cutting shear exports contracted markedly to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 223%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for metal cutting shear exports from Hong Kong SAR, with a 91% share of total exports. Moreover, metal cutting shear exports to China exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.1% per year) and Japan (-24.9% per year).

In value terms, China ($X) remains the key foreign market for metal cutting shears and similar hand tools exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.7% per year) and Japan (-20.2% per year).

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, with a decrease of -3% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 decreased by -10.8% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 71% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Hong Kong SAR, China

Metal cutting shear imports into Hong Kong SAR rose modestly to X tons in 2022, increasing by 2.9% against the year before. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal cutting shear imports rose slightly to $X in 2022. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 93%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of metal cutting shear imports to Hong Kong SAR, with a combined 93% share of total imports. The United States, the UK and Germany lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +12.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest metal cutting shear suppliers to Hong Kong SAR were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 93% of total imports. The United States, the UK and Germany lagged somewhat behind, together accounting for a further 6.8%.

In terms of the main suppliers, the UK, with a CAGR of +12.9%, 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 a decline.

Import Prices by Country

In 2022, the average metal cutting shear import price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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