Thailand: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Thailand

The Thai pliers and pincers market skyrocketed to $X in 2021, picking up by 15% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Pliers And Pincers Production in Thailand

In value terms, pliers and pincers production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 98%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Thailand

In 2021, approx. X tons of pliers, pincers and tweezers for nonmedical use were exported from Thailand; growing by 4.4% compared with 2020 figures. Over the period under review, exports posted mild growth. The most prominent rate of growth was recorded in 2017 when exports increased by 263% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pliers and pincers exports stood at $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 23%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for pliers and pincers exports from Thailand, with a 84% share of total exports. Moreover, pliers and pincers exports to Japan exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. The third position in this ranking was taken by Cambodia (X tons), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+69.2% per year) and Cambodia (+14.2% per year).

In value terms, Japan ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Thailand, comprising 88% of total exports. The second position in the ranking was taken by France ($X), with a 2.5% share of total exports. It was followed by Cambodia, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.5% per year) and Cambodia (+18.9% per year).

Export Prices by Country

In 2021, the average pliers and pincers export price amounted to $X per ton, with a decrease of -2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 319%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Myanmar ($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 Cambodia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Pliers And Pincers Imports

Imports into Thailand

In 2021, purchases abroad of pliers, pincers and tweezers for nonmedical use was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, pliers and pincers imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pliers and pincers to Thailand, with a 88% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.1% per year) and Taiwan (Chinese) (-9.5% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Thailand, comprising 54% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.1% per year) and Taiwan (Chinese) (-4.6% per year).

Import Prices by Country

In 2021, the average pliers and pincers import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 10%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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