South-Eastern Asia: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in South-Eastern Asia

After six years of decline, the Southeast Asian pliers and pincers market increased by 68% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Pliers And Pincers Production in South-Eastern Asia

In value terms, pliers and pincers production rose rapidly to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 70% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Pliers And Pincers Exports

Exports in South-Eastern Asia

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported in South-Eastern Asia reached X tons, standing approx. at the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, pliers and pincers exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +50.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Vietnam (X tons) represented the largest exporter of pliers, pincers and tweezers for nonmedical use, comprising 64% of total exports. Thailand (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together took approx. 30% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pliers and pincers exports from Vietnam stood at +10.7%. At the same time, Malaysia (+20.9%) and Thailand (+1.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +20.9% from 2012-2021. By contrast, Singapore (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Malaysia increased by +24 and +1.9 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest pliers and pincers supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Thailand ($X), with a 20% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +12.6%. In the other countries, the average annual rates were as follows: Thailand (+1.6% per year) and Singapore (-3.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2015 when the export price increased by 33% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.9%), while the other leaders experienced more modest paces of growth.

Pliers And Pincers Imports

Imports in South-Eastern Asia

In 2021, the amount of pliers, pincers and tweezers for nonmedical use imported in South-Eastern Asia soared to X tons, growing by 35% compared with the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pliers and pincers imports soared to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Singapore (X tons) were the key importers of pliers, pincers and tweezers for nonmedical use, together creating 95% of total imports. The Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, together accounting for 68% of total imports. These countries were followed by Singapore, Malaysia and the Philippines, which together accounted for a further 30%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.7%, recorded the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+30.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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