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U.S. - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Dec 26, 2022
U.S. Metal Cutting Shear Price Falls to $14.9 per kg
U.S. Metal Cutting Shear Import Price in October 2022
In October 2022, the metal cutting shear price amounted to $14.9 per kg (CIF, US), declining by -5.6% against the previous month. Over the period under review, the import price, however, posted a slight expansion. The most prominent rate of growth was recorded in August 2022 an increase of 104% against the previous month. The import price peaked at $21.3 per kg in May 2022; however, from June 2022 to October 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was Japan ($54.8 per kg), while the price for India ($2.7 per kg) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Metal Cutting Shear Imports
After two months of decline, supplies from abroad of metal cutting shears and similar hand tools increased by 13% to 298 tons in October 2022. Over the period under review, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in July 2022 with an increase of 127% month-to-month. As a result, imports attained the peak of 741 tons. From August 2022 to October 2022, the growth of imports failed to regain momentum.
In value terms, metal cutting shear imports rose significantly to $4.4M (IndexBox estimates) in October 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 31% against the previous month. Over the period under review, imports attained the peak figure at 6.5K tons in August 2022; however, from September 2022 to October 2022, imports stood at a somewhat lower figure.
U.S. Metal Cutting Shear Imports by Country
China (102 tons), India (101 tons) and Vietnam (45 tons) were the main suppliers of metal cutting shear imports to the United States, with a combined 83% share of total imports. These countries were followed by Taiwan (Chinese), Japan and Costa Rica, which together accounted for a further 15%.
From January 2022 to October 2022, the biggest increases were in Costa Rica (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest metal cutting shear suppliers to the United States were China ($1.3M), Taiwan (Chinese) ($967K) and Vietnam ($720K), with a combined 67% share of total imports. These countries were followed by Japan, India and Costa Rica, which together accounted for a further 15%.
Japan, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Factors Affecting Metal Cutting Shear Prices
Over the past few years, the price of metal-cutting shears in the United States has increased significantly. This is due to a number of factors, including the rising cost of raw materials, increased demand from overseas markets, and tariffs on imported products.
There are many factors that can affect the price of a shear, such as the type of metal being cut, the thickness of the metal, the size of the shear, and the brand. For example, a shear that is designed to cut thin sheet metal will be less expensive than one that is designed to cut thicker plate metal. The size of the shear also plays a role in its price; a smaller shear will be less expensive than a larger one. Finally, the brand of the shear can also affect its price; some brands are more expensive than others.
This report provides an in-depth analysis of the metal cutting shear market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 25733023 - Metal cutting shears and similar hand tools
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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