Malaysia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Malaysia

The Malaysian pliers and pincers market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pliers And Pincers Exports

Exports from Malaysia

In 2021, approx. X tons of pliers, pincers and tweezers for nonmedical use were exported from Malaysia; picking up by 205% against the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,976% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,451%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons), Singapore (X tons) and the United States (X tons) were the main destinations of pliers and pincers exports from Malaysia, together comprising 81% of total exports. These countries were followed by Germany, the UK, China, Indonesia and the Philippines, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +56.8%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Malaysia, comprising 42% of total exports. The second position in the ranking was held by Argentina ($X), with a 21% share of total exports. It was followed by Indonesia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Indonesia (+38.8% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($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 Indonesia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Malaysia

In 2021, the amount of pliers, pincers and tweezers for nonmedical use imported into Malaysia skyrocketed to X tons, rising by 68% against the previous year. Over the period under review, imports, however, recorded a perceptible downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pliers and pincers imports surged to $X in 2021. Overall, imports, however, saw a perceptible decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of pliers and pincers to Malaysia, accounting for a 90% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-20.4% per year) and Switzerland (+15.6% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Malaysia, comprising 68% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.8% per year) and Switzerland (-0.4% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($X per ton), while the price for China ($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) (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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