Hong Kong SAR, China: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Hong Kong SAR, China

The Hong Kong pliers and pincers market was finally on the rise to reach $X in 2021, after four years of decline. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Pliers And Pincers Production in Hong Kong SAR, China

In value terms, pliers and pincers production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 158%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Pliers And Pincers Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of pliers, pincers and tweezers for nonmedical use increased by 25% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pliers and pincers exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for pliers and pincers exports from Hong Kong SAR, accounting for a 72% share of total exports. Moreover, pliers and pincers exports to China exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Singapore (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.8% per year) and Singapore (-1.3% per year).

In value terms, China ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Hong Kong SAR, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Singapore, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.0% per year) and Singapore (+5.2% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pliers and pincers export price decreased by -2.6% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 22%. Over the period under review, the average export prices attained the peak figure 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 overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Singapore ($X per ton), while the average price for exports to China ($X per ton) and the United States ($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 (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Hong Kong SAR, China

Pliers and pincers imports into Hong Kong SAR surged to X tons in 2021, growing by 44% against the previous year. In general, imports, however, saw a deep contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, pliers and pincers imports soared to $X in 2021. Overall, imports, however, showed a noticeable curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of pliers and pincers to Hong Kong SAR, with a 66% share of total imports. Moreover, pliers and pincers imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.4% per year) and Taiwan (Chinese) (-1.7% per year).

In value terms, Japan ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Hong Kong SAR, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and Taiwan (Chinese) (-0.1% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, increasing by 2.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 7.3%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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