Report Update Nov 1, 2024

Ghana - Pliers, Pincers and Tweezers for Nonmedical Use - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Ghana

The Ghanian pliers and pincers market reached $X in 2021, almost unchanged from 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 continues to indicate a prominent expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Pliers And Pincers Exports

Exports from Ghana

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Ghana rose significantly to X kg, picking up by 7.6% on the previous year's figure. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 437%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, pliers and pincers exports surged to $X in 2021. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2016 with an increase of 328%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for pliers and pincers exports from Ghana, with a 88% share of total exports. Moreover, pliers and pincers exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+18.5% per year) and Angola (+13.6% per year).

In value terms, Angola ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for pliers and pincers exported from Ghana worldwide, together comprising 92% of total exports.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of exports, 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, jumping by 34% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 745% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Burkina Faso ($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 Cote d'Ivoire (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pliers And Pincers Imports

Imports into Ghana

In 2021, imports of pliers, pincers and tweezers for nonmedical use into Ghana reached X tons, picking up by 4.4% compared with 2020 figures. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of 443% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pliers and pincers imports fell modestly to $X in 2021. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 192% against the previous year. Imports peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

In 2021, China (X tons) was the main pliers and pincers supplier to Ghana, accounting for a 96% share of total imports. It was followed by the United Arab Emirates (X tons), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.0%.

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Ghana, comprising 92% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +33.6%.

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, which is down by -7% against the previous year. Over the period under review, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of 133% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pliers, pincers and tweezers for nonmedical use in the world?

The country with the largest volume of pliers and pincers consumption was China, comprising approx. 26% of total volume. Moreover, pliers and pincers consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of pliers, pincers and tweezers for nonmedical use in the world?

The country with the largest volume of pliers and pincers production was China, accounting for 61% of total volume. Moreover, pliers and pincers production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Japan ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of pliers, pincers and tweezers for nonmedical use to Ghana?

In value terms, China constituted the largest supplier of pliers and pincers to Ghana.

What is the average export price for pliers, pincers and tweezers for nonmedical use in Ghana?

In 2020, the average pliers and pincers export price amounted to $13,290 per ton, with a decrease of -4.6% against the previous year.

What is the average import price for pliers, pincers and tweezers for nonmedical use in Ghana?

In 2020, the average pliers and pincers import price amounted to $4,870 per ton, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the pliers and pincers market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023