Norway: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Norway

In 2021, after three years of decline, there was significant growth in the Norwegian pliers and pincers market, when its value increased by 15% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Pliers and pincers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pliers And Pincers Exports

Exports from Norway

In 2021, shipments abroad of pliers, pincers and tweezers for nonmedical use decreased by -9.8% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pliers and pincers exports reached $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +3.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for pliers and pincers exports from Norway, with a 50% share of total exports. Moreover, pliers and pincers exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+20.6% per year) and the Netherlands (+20.1% per year).

In value terms, Sweden ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Norway, comprising 68% of total exports. The second position in the ranking was held by Angola ($X), with a 5.7% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+72.1% per year) and Germany (+24.3% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, jumping by 16% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pliers and pincers export price increased by +56.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($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 Sweden (+7.0%), while the prices for the other major destinations experienced a decline.

Pliers And Pincers Imports

Imports into Norway

Pliers and pincers imports into Norway totaled X tons in 2021, surging by 8% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pliers and pincers imports stood at $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Germany (X tons) were the main suppliers of pliers and pincers imports to Norway, with a combined 71% share of total imports. These countries were followed by Spain, Sweden, Switzerland, the United States, Japan and Argentina, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pliers and pincers suppliers to Norway were Germany ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 59% of total imports. The United States, Sweden, Spain, Japan, Switzerland and Argentina lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Switzerland, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, picking up by 6.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :