South-Eastern Asia: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in South-Eastern Asia

In 2022, the Southeast Asian metal cutting shear market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a significant contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Production in South-Eastern Asia

In value terms, metal cutting shear production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Cutting Shear Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of metal cutting shears and similar hand tools increased by 29% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, saw a abrupt contraction. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal cutting shear exports surged to $X in 2022. Overall, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore represented the main exporter of metal cutting shears and similar hand tools in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 42% of total exports in 2022. Vietnam (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (18%) and Malaysia (16%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of -4.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest metal cutting shear supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 25% share of total exports. It was followed by Malaysia, with a 6.2% share.

In Singapore, metal cutting shear exports decreased by an average annual rate of -6.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+5.0% per year) and Malaysia (-4.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -9.8% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 90% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.6%), while the other leaders experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports in South-Eastern Asia

After three years of decline, supplies from abroad of metal cutting shears and similar hand tools increased by 10% to X tons in 2022. In general, imports, however, continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2015 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal cutting shear imports soared to $X in 2022. Over the period under review, imports, however, saw a dramatic slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia was the main importing country with an import of about X tons, which resulted at 44% of total imports. It was distantly followed by Thailand (X tons), the Philippines (X tons), Singapore (X tons), Vietnam (X tons) and Malaysia (X tons), together committing a 51% share of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal cutting shear importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Singapore ($X), with a combined 69% share of total imports. Vietnam, the Philippines, Malaysia and Cambodia lagged somewhat behind, together comprising a further 30%.

The Philippines, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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