Puerto Rico: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Puerto Rico

In 2021, the Puerto Rican pliers and pincers market increased by 13% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption saw notable growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Pliers And Pincers Production in Puerto Rico

In value terms, pliers and pincers production amounted to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 106% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Puerto Rico

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Puerto Rico totaled less than X kg, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, pliers and pincers exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 75% of total exports in 2021. The following exporters - Germany (X tons), Taiwan (Chinese) (X tons), India (X tons), the Netherlands (X tons), Belgium (X tons) and the United States (X tons) - together made up 16% of total exports.

From 2012 to 2021, average annual rates of growth with regard to pliers and pincers exports from China stood at +1.9%. At the same time, the Netherlands (+11.1%), Belgium (+9.9%) and Germany (+4.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, India (-2.1%) and the United States (-20.2%) illustrated a downward trend over the same period. The United States (-3.1 p.p.) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pliers and pincers supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was taken by Germany ($X), with an 18% share of global exports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.5%. In the other countries, the average annual rates were as follows: Germany (+6.2% per year) and the United States (-1.3% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.6%), while the other leaders experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Puerto Rico

In 2021, the amount of pliers, pincers and tweezers for nonmedical use imported into Puerto Rico was estimated at less than X kg, standing approx. at 2020 figures. In general, imports showed a relatively flat trend pattern.

In value terms, pliers and pincers imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), France (X tons), the Netherlands (X tons), Mexico (X tons), Brazil (X tons), Indonesia (X tons), Belgium (X tons), Russia (X tons), the United Arab Emirates (X tons), the UK (X tons), Chile (X tons) and Poland (X tons) were the key importers of pliers, pincers and tweezers for nonmedical use, together achieving 53% of total imports. The following importers - Germany (X tons), France (X tons), the Netherlands (X tons), Mexico (X tons), Brazil (X tons), Indonesia (X tons), Belgium (X tons), Russia (X tons), the United Arab Emirates (X tons), the UK (X tons), Chile (X tons) and Poland (X tons) - together made up 35% of total imports.

From 2012 to 2021, average annual rates of growth with regard to pliers and pincers imports into the United States stood at +12.1%. At the same time, Chile (+21.2%), Mexico (+12.0%), Poland (+10.0%), Belgium (+8.7%), the Netherlands (+8.2%), France (+5.7%), Germany (+4.3%), the UK (+3.5%) and Indonesia (+2.4%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +21.2% from 2012-2021. By contrast, Brazil (-1.4%), the United Arab Emirates (-1.4%) and Russia (-1.9%) illustrated a downward trend over the same period. While the share of the United States (+9.6 p.p.), Chile (+1.8 p.p.) and Mexico (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Russia (-1.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported pliers, pincers and tweezers for nonmedical use into Puerto Rico, comprising 16% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.9% share of global imports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +4.3%. In the other countries, the average annual rates were as follows: Germany (+6.4% per year) and France (+5.5% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. In general, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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