Southern Asia: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Southern Asia

In 2022, the South Asian metal cutting shear market increased by 0.9% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Cutting Shear Production in Southern Asia

In value terms, metal cutting shear production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Metal Cutting Shear Exports

Exports in Southern Asia

In 2022, the amount of metal cutting shears and similar hand tools exported in Southern Asia fell dramatically to X tons, waning by -46.5% compared with 2021. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 11% against the previous year. Over the period under review, the exports reached the maximum 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 rose notably to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when exports increased by 21%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India was the major exporter of metal cutting shears and similar hand tools in Southern Asia, with the volume of exports amounting to X tons, which was approx. 66% of total exports in 2022. Pakistan (X tons) held the second position in the ranking, distantly followed by Sri Lanka (X tons). All these countries together took near 34% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal cutting shear exports from India stood at -11.0%. At the same time, Sri Lanka (+75.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +75.2% from 2012-2022. By contrast, Pakistan (-18.7%) illustrated a downward trend over the same period. While the share of India (+17 p.p.) and Sri Lanka (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-23.1 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest metal cutting shear supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 6.6% share of total exports.

In India, metal cutting shear exports plunged by an average annual rate of -4.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-19.0% per year) and Sri Lanka (+75.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by 97% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the other leaders experienced mixed trends in the export price figures.

Metal Cutting Shear Imports

Imports in Southern Asia

Metal cutting shear imports shrank to X tons in 2022, reducing by -5.9% compared with the previous year's figure. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, metal cutting shear imports dropped to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

India represented the major importer of metal cutting shears and similar hand tools in Southern Asia, with the volume of imports recording X tons, which was approx. 53% of total imports in 2022. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Nepal (X tons), together comprising a 43% share of total imports. Sri Lanka (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the metal cutting shears and similar hand tools imports, with a CAGR of +12.6% from 2012 to 2022. At the same time, Nepal (+11.9%) and Bangladesh (+7.8%) displayed positive paces of growth. By contrast, Pakistan (-1.5%) and Sri Lanka (-8.0%) illustrated a downward trend over the same period. While the share of India (+24 p.p.), Bangladesh (+3.7 p.p.) and Nepal (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-11 p.p.) and Pakistan (-14.9 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported metal cutting shears and similar hand tools in Southern Asia, comprising 64% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 18% share of total imports. It was followed by Pakistan, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +9.1%. In the other countries, the average annual rates were as follows: Bangladesh (+4.2% per year) and Pakistan (-2.3% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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