Metal Cutting Shear Market

The article provides a comprehensive analysis of the global metal cutting shear market, focusing on consumption trends, market size, production, imports, exports, and key countries involved. The market is projected to show steady growth in both volume and value over the next eight years, with various countries such as China, the United States, Germany, and India playing significant roles. From consumption patterns to import and export trends, the article offers valuable insights into the metal cutting shear market dynamics.

Market Forecast

Driven by rising demand for metal cutting shear worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 40K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $524M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Metal Cutting Shears And Similar Hand Tools

In 2022, global metal cutting shear consumption declined slightly to 36K tons, which is down by -1.8% against 2021 figures. Over the period under review, consumption saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 6.2% against the previous year. Over the period under review, global consumption hit record highs at 53K tons in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global metal cutting shear market size reached $419M in 2022, with an increase of 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the market value increased by 5.8%. Over the period under review, the global market hit record highs at $696M in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (7.9K tons), the United States (4.4K tons) and India (3.3K tons), together comprising 44% of global consumption. Germany, Russia, Pakistan, Japan, Ethiopia, Turkey, South Korea, Canada and Italy lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +7.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($57M), Germany ($55M) and China ($48M) constituted the countries with the highest levels of market value in 2022, together accounting for 38% of the global market.

In terms of the main consuming countries, Germany, with a CAGR of +7.6%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of metal cutting shear per capita consumption in 2022 were Germany (23 kg per 1000 persons), Canada (15 kg per 1000 persons) and the United States (13 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Germany (with a CAGR of +6.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Metal Cutting Shears And Similar Hand Tools

In 2022, the amount of metal cutting shears and similar hand tools produced worldwide shrank modestly to 32K tons, reducing by -1.6% on the previous year's figure. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11%. Global production peaked at 34K tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, metal cutting shear production amounted to $345M in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The growth pace was the most rapid in 2016 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $458M. From 2017 to 2022, global production growth remained at a lower figure.

Production By Country

China (16K tons) constituted the country with the largest volume of metal cutting shear production, comprising approx. 50% of total volume. Moreover, metal cutting shear production in China exceeded the figures recorded by the second-largest producer, India (3.2K tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (1.8K tons), with a 5.7% share.

In China, metal cutting shear production increased at an average annual rate of +2.5% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+0.9% per year) and Taiwan (Chinese) (+2.4% per year).

Imports

World Imports of Metal Cutting Shears And Similar Hand Tools

In 2022, purchases abroad of metal cutting shears and similar hand tools increased by 0.3% to 18K tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 7.9%. Over the period under review, global imports hit record highs at 33K tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal cutting shear imports expanded remarkably to $215M in 2022. Overall, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, global imports hit record highs at $448M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

The United States was the main importer of metal cutting shears and similar hand tools in the world, with the volume of imports reaching 4.4K tons, which was near 24% of total imports in 2022. It was distantly followed by Germany (907 tons), constituting a 4.9% share of total imports. The following importers - Russia (759 tons), Canada (593 tons), the Netherlands (560 tons), Thailand (500 tons), Poland (491 tons), Belgium (482 tons), the UK (481 tons), Sweden (406 tons), China (388 tons), France (387 tons) and Brazil (381 tons) - together made up 29% of total imports.

Imports into the United States increased at an average annual rate of +10.1% from 2012 to 2022. At the same time, China (+14.2%), Sweden (+9.9%), the Netherlands (+9.6%), Germany (+4.8%), Brazil (+4.0%), the UK (+3.1%), France (+2.4%), Russia (+1.7%) and Poland (+1.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.2% from 2012-2022. Thailand and Canada experienced a relatively flat trend pattern. By contrast, Belgium (-5.3%) illustrated a downward trend over the same period. While the share of the United States (+19 p.p.), Germany (+3.2 p.p.), the Netherlands (+2.4 p.p.), Russia (+2.2 p.p.), China (+1.8 p.p.), Sweden (+1.7 p.p.) and the UK (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($55M) constitutes the largest market for imported metal cutting shears and similar hand tools worldwide, comprising 26% of global imports. The second position in the ranking was held by Germany ($15M), with a 6.9% share of global imports. It was followed by Canada, with a 4.9% share.

In the United States, metal cutting shear imports expanded at an average annual rate of +8.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and Canada (+2.0% per year).

Import Prices By Country

The average metal cutting shear import price stood at $11,631 per ton in 2022, surging by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 an increase of 9.1%. Over the period under review, average import prices hit record highs at $13,480 per ton in 2012; however, from 2013 to 2022, 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 France ($23,283 per ton), while Thailand ($4,609 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Metal Cutting Shears And Similar Hand Tools

In 2022, global exports of metal cutting shears and similar hand tools stood at 14K tons, remaining stable against the previous year. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 67%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal cutting shear exports expanded to $177M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China was the major exporter of metal cutting shears and similar hand tools in the world, with the volume of exports reaching 8.2K tons, which was near 58% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (1.8K tons), making up a 13% share of total exports. Germany (582 tons), Belgium (482 tons), the United States (352 tons), France (268 tons), Japan (253 tons), the Netherlands (237 tons), Spain (229 tons) and Turkey (216 tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal cutting shear exports from China stood at +5.7%. At the same time, France (+11.5%), the Netherlands (+8.1%), Belgium (+4.9%), Germany (+4.6%), Spain (+3.8%), Taiwan (Chinese) (+2.2%), Turkey (+1.3%) and Japan (+1.2%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.5% from 2012-2022. By contrast, the United States (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($50M), Germany ($32M) and Taiwan (Chinese) ($21M) constituted the countries with the highest levels of exports in 2022, together accounting for 59% of global exports.

China, with a CAGR of +8.9%, recorded the highest rates of growth with regard to 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 2022, the average metal cutting shear export price amounted to $12,372 per ton, growing by 1.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $19,768 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 Germany ($55,603 per ton), while Turkey ($3,688 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform