Saudi Arabia: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Saudi Arabia

In 2022, the Saudi metal cutting shear market decreased by X% to less than $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a perceptible decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Metal Cutting Shear Production in Saudi Arabia

In value terms, metal cutting shear production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Metal Cutting Shear Exports

Exports from Saudi Arabia

In 2021, shipments abroad of metal cutting shears and similar hand tools increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal cutting shear exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Jordan (X tons) and Bahrain (X tons) were the main destinations of metal cutting shear exports from Saudi Arabia, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal cutting shear exported from Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Jordan ($X), with a combined X% share of total exports.

Among the main countries of destination, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2021, the average metal cutting shear export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Saudi Arabia

In 2021, approx. X tons of metal cutting shears and similar hand tools were imported into Saudi Arabia; remaining constant against the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal cutting shear imports totaled $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal cutting shear supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, metal cutting shear imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2021, the average metal cutting shear import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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