Russian Federation: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in the Russian Federation

The Russian pliers and pincers market reached $X in 2021, increasing by 10% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Pliers and pincers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pliers And Pincers Production in the Russian Federation

In value terms, pliers and pincers production expanded significantly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 47% against the previous year. Pliers and pincers production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pliers And Pincers Exports

Exports from the Russian Federation

Pliers and pincers exports from Russia rose rapidly to X tons in 2021, surging by 8.6% compared with 2020 figures. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 86%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 98%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of pliers and pincers exports from Russia, with a combined 90% share of total exports. These countries were followed by Armenia, which accounted for a further 3.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pliers and pincers exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 78% share of total exports. Armenia lagged somewhat behind, accounting for a further 1.6%.

Armenia, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, surging by 35% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. 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 +67.7% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Armenia ($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 Ukraine (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into the Russian Federation

After two years of decline, supplies from abroad of pliers, pincers and tweezers for nonmedical use increased by 23% to X tons in 2021. Over the period under review, imports, however, showed a mild slump. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, pliers and pincers imports soared to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 43%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pliers and pincers to Russia, with a 75% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.4% per year) and Taiwan (Chinese) (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Russia, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and Taiwan (Chinese) (+3.9% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, increasing by 7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 29% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($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) (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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