Japan: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Japan

The Japanese pliers and pincers market reached $X in 2021, with an increase of 1.7% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.8% against 2019 indices. Pliers and pincers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pliers And Pincers Production in Japan

In value terms, pliers and pincers production reached $X in 2021 estimated in export price. In general, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 31% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Japan

In 2021, approx. X tons of pliers, pincers and tweezers for nonmedical use were exported from Japan; jumping by 21% on the previous year. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), Hong Kong SAR (X tons) and Thailand (X tons) were the main destinations of pliers and pincers exports from Japan, with a combined 67% share of total exports. The United States, Taiwan (Chinese), the UK, Australia, Vietnam and the United Arab Emirates lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +28.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Hong Kong SAR ($X) and the United States ($X) constituted the largest markets for pliers and pincers exported from Japan worldwide, together comprising 66% of total exports. These countries were followed by Taiwan (Chinese), Thailand, the UK, Australia, Vietnam and the United Arab Emirates, which together accounted for a further 20%.

The UK, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average pliers and pincers export price stood at $X per ton in 2021, with an increase of 3.1% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The growth pace was the most rapid in 2017 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+5.0%), while the prices for the other major destinations experienced a decline.

Pliers And Pincers Imports

Imports into Japan

In 2021, supplies from abroad of pliers, pincers and tweezers for nonmedical use increased by 5.7% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, pliers and pincers imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pliers and pincers to Japan, with a 56% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.2% per year) and Thailand (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Japan, comprising 35% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.9% per year) and Thailand (+0.9% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, picking up by 8.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Taiwan (Chinese) (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :