Indonesia: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Indonesia

The Indonesian metal cutting shear market fell notably to $X in 2022, which is down by X% 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). In general, consumption showed a mild descent. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Exports

Exports from Indonesia

In 2022, the amount of metal cutting shears and similar hand tools exported from Indonesia soared to X tons, rising by X% compared with the previous year. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal cutting shear exports surged to $X in 2022. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for metal cutting shear exports from Indonesia, with a X% share of total exports. Moreover, metal cutting shear exports to Singapore exceeded the volume sent to the second major destination, China (X kg), eightfold. Malaysia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Malaysia (X% per year).

In value terms, the largest markets for metal cutting shear exported from Indonesia were Japan ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total exports. Malaysia, China and Timor-Leste lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average metal cutting shear export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Cutting Shear Imports

Imports into Indonesia

In 2022, supplies from abroad of metal cutting shears and similar hand tools decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal cutting shear imports fell to $X in 2022. In general, imports showed a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal cutting shear to Indonesia, accounting for a X% share of total imports. Moreover, metal cutting shear imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of metal cutting shears and similar hand tools to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average metal cutting shear import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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