Australia: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Australia

In 2022, the Australian pliers and pincers market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pliers and pincers consumption peaked in 2022 and is likely to see steady growth in the near future.

Pliers And Pincers Exports

Exports from Australia

In 2022, exports of pliers, pincers and tweezers for nonmedical use from Australia surged to X tons, picking up by X% against 2021. In general, exports saw moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pliers and pincers exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for pliers and pincers exports from Australia, with a X% share of total exports. Moreover, pliers and pincers exports to New Zealand exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Australia, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United States (X% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, saw a measured increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Indonesia ($X per ton), while the average price for exports to Fiji ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Pliers And Pincers Imports

Imports into Australia

In 2022, the amount of pliers, pincers and tweezers for nonmedical use imported into Australia declined sharply to X tons, which is down by X% against the year before. In general, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pliers and pincers imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of pliers and pincers imports to Australia, together comprising X% of total imports. Taiwan (Chinese), Pakistan, Japan, Vietnam and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) constituted the largest pliers and pincers suppliers to Australia, together accounting for X% of total imports. Germany, Pakistan, Vietnam, Japan and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, 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

The average pliers and pincers import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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