Austria: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Austria

The Austrian pliers and pincers market surged to $X in 2021, picking up by 18% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Pliers And Pincers Production in Austria

In value terms, pliers and pincers production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pliers And Pincers Exports

Exports from Austria

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Austria skyrocketed to X tons, rising by 46% against the previous year's figure. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pliers and pincers exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for pliers and pincers exports from Austria, with a 27% share of total exports. Moreover, pliers and pincers exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+22.6% per year) and Romania (+18.2% per year).

In value terms, Germany ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Austria, comprising 36% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.6% share of total exports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.1% per year) and Italy (+9.3% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2021, dropping by -8.7% against the previous year. In general, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2020 when the average export price increased by 7%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece ($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 Slovenia (+0.8%), while the prices for the other major destinations experienced a decline.

Pliers And Pincers Imports

Imports into Austria

In 2021, imports of pliers, pincers and tweezers for nonmedical use into Austria soared to X tons, increasing by 45% on 2020. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, 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.

In value terms, pliers and pincers imports soared 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 in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of pliers and pincers imports to Austria, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Austria, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Poland, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.7% per year) and Poland (+42.7% per year).

Import Prices by Country

In 2021, the average pliers and pincers import price amounted to $X per ton, reducing by -11.7% against the previous year. Overall, the import price showed a noticeable curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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