U.S. - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Cutting Shear Price in the United States - 2023
Contents:
- Metal Cutting Shear Price in the United States (CIF) - 2022
- Metal Cutting Shear Price in the United States (FOB) - 2022
- Metal Cutting Shear Imports in the United States
- Metal Cutting Shear Exports in the United States
Metal Cutting Shear Price in the United States (CIF) - 2022
The average metal cutting shear import price stood at $12,718 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, import price attained the peak level of $18,451 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($50,493 per ton), while the price for India ($2,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Cutting Shear Price in the United States (FOB) - 2022
The average metal cutting shear export price stood at $66,444 per ton in 2022, picking up by 26% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.0% 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 export price increased by +96.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($206,879 per ton), while the average price for exports to Mexico ($16,315 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 Japan (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Cutting Shear Imports in the United States
In 2022, metal cutting shear imports into the United States soared to 4.4K tons, increasing by 30% against the year before. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal cutting shear imports skyrocketed to $55M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Metal Cutting Shear in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.1 | 22.0 | 16.9 | 14.6 | -18.6% |
| Taiwan (Chinese) | 6.6 | 9.5 | 9.0 | 14.3 | 29.4% |
| Vietnam | N/A | N/A | 4.8 | 8.7 | 81.3% |
| India | 2.4 | 3.6 | 4.1 | 3.7 | 15.5% |
| Others | 6.3 | 8.2 | 7.8 | 14.1 | 30.8% |
| Total | 42.4 | 43.3 | 42.6 | 55.4 | 9.3% |
Top Suppliers of Metal Cutting Shear to the United States in 2022:
- India (1780.5 tons)
- China (1217.8 tons)
- Vietnam (496.4 tons)
- Taiwan (Chinese) (488.6 tons)
Metal Cutting Shear Exports in the United States
In 2022, approx. 275 tons of metal cutting shears and similar hand tools were exported from the United States; dropping by -26.7% on 2021. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11%.
In value terms, metal cutting shear exports contracted to $18M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $20M, and then reduced in the following year.
| Export of Metal Cutting Shear in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.1 | 6.8 | 8.0 | 8.8 | 13.0% |
| Australia | 1.4 | 2.1 | 1.7 | 1.4 | 0.0% |
| Mexico | 0.9 | 0.6 | 0.7 | 0.8 | -3.9% |
| Netherlands | 0.9 | 0.5 | 0.9 | 0.8 | -3.9% |
| South Korea | 0.8 | 0.9 | 0.8 | 0.6 | -9.1% |
| Israel | 0.2 | 0.3 | 0.7 | 0.3 | 14.5% |
| United Kingdom | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Sweden | 1.0 | 0.1 | 0.4 | 0.3 | -33.1% |
| Germany | 0.5 | 0.5 | 0.2 | 0.3 | -15.7% |
| Others | 5.1 | 3.4 | 5.9 | 4.7 | -2.7% |
| Total | 17.1 | 15.5 | 19.7 | 18.3 | 2.3% |
Top Export Markets for Metal Cutting Shear from the United States in 2022:
- Canada (122.5 tons)
- Mexico (46.9 tons)
- Australia (20.8 tons)
- Netherlands (12.4 tons)
- South Korea (5.1 tons)
- Israel (5.0 tons)
- United Kingdom (4.6 tons)
- Germany (4.1 tons)
- Sweden (3.4 tons)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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