Global Vices And Clamps Market 2024

Vices And Clamps Market Size

For the third year in a row, the global vices and clamps market recorded growth in sales value, which increased by 4.5% to $X in 2022. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Vices And Clamps Production

In value terms, vices and clamps production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 39% against the previous year. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vices And Clamps Exports

Exports

In 2022, after two years of growth, there was significant decline in shipments abroad of vices and clamps, when their volume decreased by -19.2% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, vices and clamps exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

China dominates exports structure, reaching X tons, which was near 57% of total exports in 2022. Germany (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took approx. 12% share of total exports. The following exporters - Spain (X tons), India (X tons), Belgium (X tons), the Netherlands (X tons), Italy (X tons) and Turkey (X tons) - together made up 17% of total exports.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Spain (+17.1%), the Netherlands (+4.5%), Turkey (+2.5%), Germany (+2.2%), Belgium (+1.5%) and Taiwan (Chinese) (+1.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.1% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, India (-12.5%) illustrated a downward trend over the same period. While the share of China (+17 p.p.) and Spain (+3.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of India (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vices and clamps supplier worldwide, comprising 29% of global exports. The second position in the ranking was taken by Germany ($X), with a 14% share of global exports. It was followed by Taiwan (Chinese), with a 6.2% share.

In China, vices and clamps exports increased at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+5.0% per year) and Taiwan (Chinese) (+2.1% per year).

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the other global leaders experienced more modest paces of growth.

Vices And Clamps Imports

Imports

After two years of growth, overseas purchases of vices and clamps decreased by -8.8% to X tons in 2022. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, vices and clamps imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), Canada (X tons) and France (X tons) were the major importers of vices and clamps, together mixing up 40% of total imports. The following importers - Russia (X tons), the Netherlands (X tons), the UK (X tons), Poland (X tons), Spain (X tons), Australia (X tons), Japan (X tons), Belgium (X tons) and Austria (X tons) - together made up 25% of total imports.

Imports into the United States increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Spain (+16.6%), Austria (+9.4%), the Netherlands (+8.1%), Canada (+6.2%), France (+5.7%), Poland (+5.4%) and Germany (+5.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +16.6% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, the UK (-1.1%), Belgium (-1.2%), Japan (-2.0%) and Australia (-4.4%) illustrated a downward trend over the same period. The United States (+4.3 p.p.), Germany (+2.2 p.p.), Canada (+2.2 p.p.), Spain (+1.8 p.p.) and the Netherlands (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Australia saw its share reduced by -2.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported vices and clamps worldwide, comprising 20% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by Canada, with an 8.6% share.

In the United States, vices and clamps imports expanded at an average annual rate of +2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.7% per year) and Canada (+5.1% per year).

Import Prices by Country

The average vices and clamps import price stood at $X per ton in 2022, with an increase of 5.8% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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