Australia and Oceania: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Australia and Oceania

In 2021, the pliers and pincers market in Australia and Oceania increased by 26% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pliers And Pincers Production in Australia and Oceania

In value terms, pliers and pincers production plummeted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 367% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted sharply in the following year.

Pliers And Pincers Exports

Exports in Australia and Oceania

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported in Australia and Oceania soared to X tons, increasing by 30% on the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 112% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pliers and pincers exports surged to $X in 2021. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, New Zealand (X tons) represented the largest exporter of pliers, pincers and tweezers for nonmedical use, committing 77% of total exports. It was distantly followed by Australia (X tons), committing a 22% share of total exports.

New Zealand was also the fastest-growing in terms of the pliers, pincers and tweezers for nonmedical use exports, with a CAGR of +18.7% from 2012 to 2021. Australia (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +46 percentage points.

In value terms, New Zealand ($X) remains the largest pliers and pincers supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was taken by Australia ($X), with a 28% share of total exports.

In New Zealand, pliers and pincers exports expanded at an average annual rate of +14.0% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, jumping by 26% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pliers and pincers export price increased by +14.7% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.9%).

Pliers And Pincers Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of pliers, pincers and tweezers for nonmedical use was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, recorded a pronounced shrinkage. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, pliers and pincers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the largest importing country with an import of around X tons, which recorded 81% of total imports. It was distantly followed by New Zealand (X tons), comprising a 14% share of total imports. Papua New Guinea (X tons) took a little share of total imports.

Imports into Australia decreased at an average annual rate of -3.2% from 2012 to 2021. At the same time, Papua New Guinea (+4.5%) and New Zealand (+2.1%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.5% from 2012-2021. New Zealand (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported pliers, pincers and tweezers for nonmedical use in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.1% per year) and Papua New Guinea (-1.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, declining by -9.5% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. The level of import peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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