Global Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size

In 2023, the global metal cutting shear market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. Global consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Metal Cutting Shear Production

In value terms, metal cutting shear production rose notably to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, global production growth failed to regain momentum.

Metal Cutting Shear Exports

Exports

In 2023, overseas shipments of metal cutting shears and similar hand tools decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum at X tons in 2022, and then reduced slightly in the following year.

In value terms, metal cutting shear exports expanded notably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the global exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China was the key exporting country with an export of about X tons, which finished at X% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%). Germany (X tons), the United States (X tons), Spain (X tons), Poland (X tons), France (X tons) and Japan (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%), France (X%), Spain (X%), Germany (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, Poland (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal cutting shear supplying countries worldwide were China ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined X% share of global exports. The United States, Belgium, Japan, Poland, France and Spain lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average metal cutting shear export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. 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 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other global leaders experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports

In 2023, approx. X tons of metal cutting shears and similar hand tools were imported worldwide; falling by X% against 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, metal cutting shear imports contracted modestly to $X in 2023. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) was the largest importer of metal cutting shears and similar hand tools, comprising X% of total imports. Russia (X tons), the UK (X tons), Thailand (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), the Netherlands (X tons), Poland (X tons), Brazil (X tons), France (X tons), Indonesia (X tons) and Sweden (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the metal cutting shears and similar hand tools imports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%), the Netherlands (X%), the UK (X%), Brazil (X%), Belgium (X%), Thailand (X%) and Russia (X%) displayed positive paces of growth. Germany, Poland and Canada experienced a relatively flat trend pattern. By contrast, France (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), the UK (X p.p.), Russia (X p.p.), Thailand (X p.p.), the Netherlands (X p.p.), Belgium (X p.p.), Germany (X p.p.), Sweden (X p.p.) and Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported metal cutting shears and similar hand tools worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, metal cutting shear imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average metal cutting shear import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform