Northern America: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Northern America

In 2022, the North American metal cutting shear market increased by 24% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Production in Northern America

In value terms, metal cutting shear production dropped rapidly to $X in 2022 estimated in export price. In general, production recorded a dramatic contraction. The growth pace was the most rapid in 2021 when the production volume increased by 1,845,981,400%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Cutting Shear Exports

Exports in Northern America

In 2022, exports of metal cutting shears and similar hand tools in Northern America declined remarkably to X tons, shrinking by -25.5% compared with the previous year's figure. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal cutting shear exports reduced to $X in 2022. In general, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Canada (X tons), creating a 6.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal cutting shear exports from the United States stood at -10.3%. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of Canada increased by +3.9 percentage points.

In value terms, the United States ($X) remains the largest metal cutting shear supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -3.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 26% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.8% 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 +92.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.0%).

Metal Cutting Shear Imports

Imports in Northern America

In 2022, metal cutting shear imports in Northern America surged to X tons, jumping by 28% on the previous year's figure. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal cutting shear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 31%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States represented the largest importer of metal cutting shears and similar hand tools in Northern America, with the volume of imports reaching X tons, which was near 87% of total imports in 2022. It was distantly followed by Canada (X tons), creating a 13% share of total imports.

The United States was also the fastest-growing in terms of the metal cutting shears and similar hand tools imports, with a CAGR of +10.0% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +13 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported metal cutting shears and similar hand tools in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, metal cutting shear imports expanded at an average annual rate of +8.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.1%).

Source: IndexBox Platform

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