Vietnam: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Vietnam

In 2022, the Vietnamese metal cutting shear market increased by 1.7% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Cutting Shear Production in Vietnam

In value terms, metal cutting shear production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 27%. Metal cutting shear production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Cutting Shear Exports

Exports from Vietnam

In 2022, metal cutting shear exports from Vietnam fell modestly to X tons, which is down by -3.4% on the previous year. Overall, exports recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 163%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal cutting shear exports contracted notably to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 183% against the previous year. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Romania (X tons), Chile (X tons) and Germany (X tons) were the main destinations of metal cutting shear exports from Vietnam, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +67.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for metal cutting shears and similar hand tools exports from Vietnam, comprising 38% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+55.5% per year) and Romania (+70.6% per year).

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, falling by -30% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 130%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Chile ($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 (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Vietnam

After three years of decline, overseas purchases of metal cutting shears and similar hand tools increased by 15% to X tons in 2022. Overall, imports showed a moderate increase. The most prominent rate of growth was recorded in 2015 when imports increased by 145% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal cutting shear imports surged to $X in 2022. In general, imports showed a measured expansion. The growth pace was the most rapid in 2015 with an increase of 97%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of metal cutting shear imports to Vietnam, together accounting for 75% of total imports. The United States, Thailand, Taiwan (Chinese) and Denmark lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest metal cutting shear suppliers to Vietnam, with a combined 75% share of total imports. The United States, Thailand, Taiwan (Chinese) and Denmark lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Denmark, with a CAGR of +45.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal cutting shear import price amounted to $X per ton, increasing by 5.3% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 import price decreased by -3.6% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 90%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 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 Thailand ($X per ton) and South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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