Myanmar: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Myanmar

In 2021, the Myanmar's pliers and pincers market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced decrease. Pliers and pincers consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Pliers And Pincers Production in Myanmar

In value terms, pliers and pincers production rose markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 58% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Myanmar

In 2021, exports of pliers, pincers and tweezers for nonmedical use from Myanmar reduced remarkably to X kg, declining by -65.4% compared with the previous year's figure. Over the period under review, exports saw a significant decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 495%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pliers and pincers exports contracted sharply to $X in 2021. Overall, exports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 301%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X kg) was the main destination for pliers and pincers exports from Myanmar, with a 79% share of total exports. Moreover, pliers and pincers exports to Thailand exceeded the volume sent to the second major destination, Luxembourg (X kg), sevenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-25.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, Thailand ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Myanmar, comprising 61% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 26% share of total exports. It was followed by Austria, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+27.3% per year) and Austria (-23.3% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, reducing by -35.4% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 an increase of 239%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained 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 Luxembourg ($X per ton), while the average price for exports to the United Arab Emirates ($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 Indonesia (+203.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Myanmar

In 2021, purchases abroad of pliers, pincers and tweezers for nonmedical use decreased by -37.6% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 522% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, pliers and pincers imports contracted remarkably to $X in 2021. Over the period under review, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 196%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pliers and pincers supplier to Myanmar, with a 78% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+65.8% per year) and Taiwan (Chinese) (+16.0% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Myanmar, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+26.0% per year) and Taiwan (Chinese) (-2.4% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, with a decrease of -1.9% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($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) (-15.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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