Malaysia - Pliers, Pincers and Tweezers for Nonmedical Use - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMalaysia: 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
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pliers and pincers market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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