South-Eastern Asia: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in South-Eastern Asia

After three years of decline, the Southeast Asian metal cutting shear market increased by X% to $X in 2022. Over the period under review, consumption recorded a precipitous contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Cutting Shear Production in South-Eastern Asia

In value terms, metal cutting shear production rose rapidly to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Metal Cutting Shear Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of metal cutting shears and similar hand tools was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal cutting shear exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X tons), Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) represented the major exporter of metal cutting shears and similar hand tools in South-Eastern Asia, making up X% of total export. It was distantly followed by Indonesia (X tons), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest metal cutting shear supplying countries in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of metal cutting shears and similar hand tools decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal cutting shear imports surged to $X in 2022. Over the period under review, imports continue to indicate a dramatic decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. Malaysia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Myanmar (X%) and Vietnam (X%). The Philippines (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a deep setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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