Canada: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Canada

In 2021, the Canadian pliers and pincers market increased by 15% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.2% against 2016 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Pliers And Pincers Exports

Exports from Canada

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Canada contracted slightly to X tons, declining by -4% against 2020. Overall, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2014 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 41%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for pliers and pincers exports from Canada, with a 68% share of total exports. Moreover, pliers and pincers exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+104.2% per year) and Belgium (-8.8% per year).

In value terms, the United States ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Canada, comprising 68% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 5.3% share of total exports. It was followed by Belgium, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+115.4% per year) and Belgium (-3.7% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, increasing by 24% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and France ($X per ton), while the average price for exports to the United States ($X per ton) and the Czech Republic ($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 Germany (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Canada

In 2021, purchases abroad of pliers, pincers and tweezers for nonmedical use increased by 1.7% to X tons, rising for the fifth year in a row after four years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, pliers and pincers imports soared to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.0% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 19%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of pliers and pincers imports to Canada, together comprising 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest pliers and pincers suppliers to Canada, with a combined 79% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +40.9%, saw the highest rates of growth with regard to 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

In 2021, the average pliers and pincers import price amounted to $X per ton, rising by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and the United States ($X per ton), while the price for India ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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