Vietnam: Pliers And Pincers Market 2025

Pliers And Pincers Market Size in Vietnam

The Vietnamese pliers and pincers market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption, however, saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pliers And Pincers Production in Vietnam

In value terms, pliers and pincers production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decrease. The growth pace was the most rapid in 2014 when the production volume increased by 189% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Pliers And Pincers Exports

Exports from Vietnam

In 2021, pliers and pincers exports from Vietnam contracted modestly to X tons, waning by -3.1% against the year before. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, pliers and pincers exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 53%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main destinations of pliers and pincers exports from Vietnam, with a combined 39% share of total exports. These countries were followed by Japan, Canada, the United Arab Emirates, China and Belgium, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +77.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pliers and pincers exported from Vietnam were Germany ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 51% share of total exports. These countries were followed by Japan, Canada, China, Belgium and the United Arab Emirates, which together accounted for a further 19%.

The United Arab Emirates, with a CAGR of +59.4%, saw 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, picking up by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Belgium (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Vietnam

In 2021, supplies from abroad of pliers, pincers and tweezers for nonmedical use increased by 96% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 258%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, pliers and pincers imports skyrocketed to $X in 2021. In general, imports posted measured growth. The pace of growth was the most pronounced in 2019 with an increase of 160%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pliers and pincers to Vietnam, with a 87% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.9% per year) and Japan (-18.0% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Vietnam, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.4% per year) and Taiwan (Chinese) (-5.7% per year).

Import Prices by Country

In 2021, the average pliers and pincers import price amounted to $X per ton, with a decrease of -34.6% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2014 when the average import price increased by 79%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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