Colombia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Colombia

The Colombian pliers and pincers market skyrocketed to $X in 2021, increasing by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pliers And Pincers Exports

Exports from Colombia

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Colombia rose sharply to X tons, increasing by 12% compared with 2020 figures. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 53%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 89% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Peru (X tons) and Panama (X tons) were the main destinations of pliers and pincers exports from Colombia, with a combined 45% share of total exports. Chile, Bolivia, Ecuador, Mexico, Guatemala, Honduras, Costa Rica, the United States, Spain and Brazil lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +83.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pliers and pincers exported from Colombia were Peru ($X), Chile ($X) and Guatemala ($X), together comprising 44% of total exports. Ecuador, Mexico, the United States, Panama, Switzerland, Costa Rica, Bolivia, Honduras, Brazil and Spain lagged somewhat behind, together comprising a further 41%.

Brazil, with a CAGR of +59.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, picking up by 4.7% against the previous year. Over the period under review, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2016 an increase of 24%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Spain ($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 Peru (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Colombia

In 2021, overseas purchases of pliers, pincers and tweezers for nonmedical use were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.3% 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.

In value terms, pliers and pincers imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main pliers and pincers supplier to Colombia, accounting for a 92% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.9% per year) and India (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Colombia, comprising 75% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.9% share of total imports. It was followed by the United States, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.7% per year) and the United States (-14.7% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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