Vietnam - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Cutting Shear Price in Vietnam - 2021
Contents:
- Metal Cutting Shear Price in Vietnam (FOB) - 2021
- Metal Cutting Shear Price in Vietnam (CIF) - 2022
- Metal Cutting Shear Exports in Vietnam
- Metal Cutting Shear Imports in Vietnam
Metal Cutting Shear Price in Vietnam (FOB) - 2021
In December 2021, the average metal cutting shear export price amounted to $41,206 per ton, remaining stable against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in January 2021 an increase of 57% month-to-month. Over the period under review, the average export prices hit record highs at $41,218 per ton in August 2021; afterwards, it flattened through to December 2021.
Average prices varied noticeably for the major foreign markets. In December 2021, the country with the highest price was Germany ($41,209 per ton), while the average price for exports to China ($41,202 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Cutting Shear Price in Vietnam (CIF) - 2022
The average metal cutting shear import price stood at $14,890 per ton in 2022, surging by 5.3% against the previous year. Over the period under review, import price indicated a mild increase 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 most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. The import price peaked at $17,392 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($14,941 per ton) and South Korea ($14,868 per ton), while the price for Taiwan (Chinese) ($14,719 per ton) and Denmark ($14,720 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.
Metal Cutting Shear Exports in Vietnam
Metal cutting shear exports from Vietnam fell to 35 tons in 2022, which is down by -3.4% compared with the year before. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 163%. As a result, the exports reached the peak of 36 tons, and then declined in the following year.
In value terms, metal cutting shear exports declined dramatically to $997K in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 183% against the previous year. As a result, the exports attained the peak of $1.5M, and then dropped rapidly in the following year.
| Export of Metal Cutting Shear in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 155 | 171 | 422 | 380 | 34.8% |
| China | N/A | 67.1 | 404 | 162 | 55.4% |
| Romania | 44.8 | 65.4 | 135 | 136 | 44.8% |
| Austria | 68.2 | 73.7 | 131 | 75.7 | 3.5% |
| Chile | N/A | N/A | N/A | 75.6 | 0% |
| Norway | 29.0 | 43.2 | 64.2 | 41.2 | 12.4% |
| Philippines | 2.4 | 0.5 | 1.0 | 33.8 | 141.5% |
| United States | N/A | N/A | 155 | N/A | 0% |
| Others | 113 | 98.7 | 160 | 92.0 | -6.6% |
| Total | 412 | 520 | 1,473 | 997 | 34.3% |
Top Export Markets for Metal Cutting Shear from Vietnam in 2022:
- Romania (12.9 tons)
- Chile (8.4 tons)
- Germany (8.0 tons)
- China (1.3 tons)
- Austria (1.0 tons)
- Norway (0.7 tons)
- Philippines (0.6 tons)
Metal Cutting Shear Imports in Vietnam
In 2022, after two years of decline, there was significant growth in overseas purchases of metal cutting shears and similar hand tools, when their volume increased by 15% to 94 tons. Over the period under review, imports, however, showed a deep setback.
In value terms, metal cutting shear imports soared to $1.4M in 2022. In general, imports, however, continue to indicate a abrupt decrease.
| Import of Metal Cutting Shear in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 373 | 566 | 531 | 615 | 18.1% |
| Japan | 892 | 454 | 259 | 324 | -28.7% |
| South Korea | 147 | 320 | 125 | 113 | -8.4% |
| United States | 104 | 105 | 75.2 | 89.5 | -4.9% |
| Thailand | 58.5 | 54.0 | 1.8 | 71.3 | 6.8% |
| Taiwan (Chinese) | 24.2 | 38.0 | 54.5 | 61.8 | 36.7% |
| Denmark | 42.7 | 31.6 | 40.0 | 45.4 | 2.1% |
| Singapore | 69.7 | 28.7 | 17.0 | 17.6 | -36.8% |
| Others | 62.0 | 53.4 | 56.5 | 68.8 | 3.5% |
| Total | 1,774 | 1,652 | 1,160 | 1,406 | -7.5% |
Top Suppliers of Metal Cutting Shear to Vietnam in 2022:
- China (41.5 tons)
- Japan (21.8 tons)
- South Korea (7.6 tons)
- United States (6.0 tons)
- Thailand (4.8 tons)
- Taiwan (Chinese) (4.2 tons)
- Denmark (3.1 tons)
- Singapore (1.2 tons)
This report provides an in-depth analysis of the metal cutting shear market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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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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