Eastern Asia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Eastern Asia

In 2021, the East Asian pliers and pincers market decreased by -13.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a mild decline. The level of consumption peaked at $X in 2020, and then declined in the following year.

Pliers And Pincers Production in Eastern Asia

In value terms, pliers and pincers production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Pliers And Pincers Exports

Exports in Eastern Asia

In 2021, exports of pliers, pincers and tweezers for nonmedical use in Eastern Asia soared to X tons, picking up by 18% on the previous year. In general, exports showed mild growth. The pace of growth appeared the most rapid in 2017 when exports increased by 346%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, pliers and pincers exports soared to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 94% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 4.8% share of total exports.

China was also the fastest-growing in terms of the pliers, pincers and tweezers for nonmedical use exports, with a CAGR of +1.9% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pliers and pincers supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports.

In China, pliers and pincers exports increased at an average annual rate of +5.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 10% against the previous year. Over the period under review, the export price posted a tangible expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 304%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%).

Pliers And Pincers Imports

Imports in Eastern Asia

After four years of decline, overseas purchases of pliers, pincers and tweezers for nonmedical use increased by 32% to X tons in 2021. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; 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

In 2021, Taiwan (Chinese) (X tons), Japan (X tons), China (X tons) and South Korea (X tons) was the major importer of pliers, pincers and tweezers for nonmedical use in Eastern Asia, committing 93% of total import. It was distantly followed by Hong Kong SAR (X tons), comprising a 6.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +7.4%, 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

The import price in Eastern Asia stood at $X per ton in 2021, declining by -5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 9.5% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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