Australia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Australia

In 2021, the Australian pliers and pincers market increased by 38% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pliers and pincers consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Australia

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Australia declined dramatically to X tons, with a decrease of -20.8% against 2020 figures. Over the period under review, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 203%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pliers and pincers exports rose notably to $X in 2021. In general, exports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2014 with an increase of 213% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for pliers and pincers exports from Australia, accounting for a 52% share of total exports. Moreover, pliers and pincers exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+72.7% per year) and the United States (-9.3% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Australia, comprising 44% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 13% share of total exports. It was followed by the United States, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+82.9% per year) and the United States (+0.9% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, surging by 35% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2018 an increase of 56%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Fiji ($X per ton) and China ($X per ton), while the average price for exports to New Zealand ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Australia

In 2021, after four years of decline, there was significant growth in supplies from abroad of pliers, pincers and tweezers for nonmedical use, when their volume increased by 51% to X tons. In general, imports, however, recorded a perceptible setback. Imports 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 +4.2% over the period 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

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of pliers and pincers imports to Australia, together comprising 65% of total imports. These countries were followed by the United States, Pakistan, France, Japan, Vietnam and the UK, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +41.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pliers and pincers suppliers to Australia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together comprising 67% of total imports. These countries were followed by the United States, Pakistan, France, Japan, Vietnam and the UK, which together accounted for a further 28%.

In terms of the main suppliers, Vietnam, with a CAGR of +57.4%, recorded 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 average pliers and pincers import price stood at $X per ton in 2021, dropping by -13.3% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 81%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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