China: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in China

In 2022, the Chinese pliers and pincers market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption saw a perceptible decrease. Pliers and pincers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Pliers And Pincers Production in China

In value terms, pliers and pincers production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pliers And Pincers Exports

Exports from China

In 2022, exports of pliers, pincers and tweezers for nonmedical use from China expanded slightly to X tons, growing by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, pliers and pincers exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a strong 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for pliers and pincers exports from China, accounting for a X% share of total exports. Moreover, pliers and pincers exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Indonesia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average pliers and pincers export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

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

Pliers And Pincers Imports

Imports into China

In 2022, imports of pliers, pincers and tweezers for nonmedical use into China skyrocketed to X tons, picking up by X% compared with 2021 figures. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pliers and pincers imports expanded modestly to $X in 2022. Over the period under review, total imports indicated a buoyant 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of pliers and pincers to China, accounting for a X% share of total imports. Moreover, pliers and pincers imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Pakistan (X% per year).

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

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pliers and pincers import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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 a decline.

Source: IndexBox Platform

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