Asia-Pacific: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Asia-Pacific

The Asia-Pacific pliers and pincers market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pliers And Pincers Production in Asia-Pacific

In value terms, pliers and pincers production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Pliers And Pincers Exports

Exports in Asia-Pacific

Pliers and pincers exports soared to X tons in 2021, increasing by 18% on 2020. In general, exports recorded a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 286% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, pliers and pincers exports surged to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), committing a 4.5% share of total exports. India (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the pliers, pincers and tweezers for nonmedical use exports, with a CAGR of +1.9% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. India (-2.1%) illustrated a downward trend over the same period. While the share of China (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pliers and pincers supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.5%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+4.1% per year) and India (+3.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 9.7% against the previous year. Over the period under review, the export price saw pronounced growth. The pace of growth was the most pronounced in 2016 when the export price increased by 252% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the other leaders experienced more modest paces of growth.

Pliers And Pincers Imports

Imports in Asia-Pacific

In 2021, the amount of pliers, pincers and tweezers for nonmedical use imported in Asia-Pacific surged to X tons, picking up by 36% against the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pliers and pincers imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons), followed by Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Japan (X tons), China (X tons), South Korea (X tons), India (X tons), Australia (X tons), Malaysia (X tons) and Bangladesh (X tons) were the major importers of pliers, pincers and tweezers for nonmedical use, together creating 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pliers and pincers importing markets in Asia-Pacific were Japan ($X), China ($X) and Australia ($X), with a combined 41% share of total imports. South Korea, Vietnam, Taiwan (Chinese), Indonesia, Thailand, India, Malaysia and Bangladesh lagged somewhat behind, together accounting for a further 44%.

Bangladesh, with a CAGR of +23.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Asia-Pacific stood at $X per ton in 2021, declining by -3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then fell slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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