SADC: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in SADC

The SADC metal cutting shear market shrank slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a slight setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Cutting Shear Production in SADC

In value terms, metal cutting shear production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Cutting Shear Exports

Exports in SADC

In 2022, metal cutting shear exports in SADC surged to X tons, with an increase of X% on the previous year. In general, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal cutting shear exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Zambia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%). Tanzania (X kg) and Angola (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal cutting shear exports from South Africa stood at X%. At the same time, Angola (X%), Zambia (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Zambia (X p.p.), Tanzania (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal cutting shear supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Overall, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood 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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Metal Cutting Shear Imports

Imports in SADC

In 2022, the amount of metal cutting shears and similar hand tools imported in SADC declined to X tons, waning by X% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal cutting shear imports amounted to $X in 2022. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Zimbabwe (X tons), Angola (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons) and Botswana (X tons) represented the major importers of metal cutting shears and similar hand tools, together mixing up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported metal cutting shears and similar hand tools in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Zimbabwe, with an X% share.

In South Africa, metal cutting shear imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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