Hungary: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Hungary

For the tenth year in a row, the Hungarian pliers and pincers market recorded growth in sales value, which increased by 6% to $X in 2021. In general, consumption, however, showed a strong increase. Pliers and pincers consumption peaked in 2021 and is expected to retain growth in the near future.

Pliers And Pincers Exports

Exports from Hungary

In 2021, pliers and pincers exports from Hungary was estimated at X tons, surging by 5.8% on the previous year. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 208%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.7% against 2014 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 47%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Romania (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of pliers and pincers exports from Hungary, with a combined 59% share of total exports. These countries were followed by Serbia, Bulgaria, the United States, Croatia, Austria, the United Arab Emirates, Slovenia, Bosnia and Herzegovina, Italy and Germany, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Slovakia ($X) and Austria ($X) were the largest markets for pliers and pincers exported from Hungary worldwide, with a combined 42% share of total exports. These countries were followed by Bulgaria, the United Arab Emirates, the Czech Republic, Croatia, Serbia, Slovenia, the United States, Bosnia and Herzegovina, Germany and Italy, which together accounted for a further 41%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +34.1%, recorded the highest growth rate of 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

The average pliers and pincers export price stood at $X per ton in 2021, jumping by 27% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 51%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Czech Republic ($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 Croatia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Hungary

In 2021, after nine years of growth, there was decline in overseas purchases of pliers, pincers and tweezers for nonmedical use, when their volume decreased by -3.9% to X tons. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 52%. Imports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, pliers and pincers imports expanded rapidly to $X in 2021. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of pliers and pincers imports to Hungary, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +27.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Hungary, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Poland, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.4% per year) and Poland (+13.5% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, growing by 16% against the previous year. In general, the import price, however, showed a abrupt decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($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 Czech Republic (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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