Hong Kong SAR, China: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Hong Kong SAR, China

The Hong Kong pliers and pincers market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a mild 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, consumption increased by X% against 2020 indices. Pliers and pincers consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Pliers And Pincers Production in Hong Kong SAR, China

In value terms, pliers and pincers production expanded remarkably to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas shipments of pliers, pincers and tweezers for nonmedical use, when their volume decreased by X% to X tons. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pliers and pincers exports contracted sharply to $X in 2022. Overall, exports recorded a slight descent. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for pliers and pincers exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, pliers and pincers exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average pliers and pincers export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price 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, pliers and pincers export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the average price for exports to Singapore ($X per ton) and the UK ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Hong Kong SAR, China

In 2022, the amount of pliers, pincers and tweezers for nonmedical use imported into Hong Kong SAR fell significantly to X tons, dropping by X% against 2021 figures. Over the period under review, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pliers and pincers imports declined significantly to $X in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest pliers and pincers supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, pliers and pincers imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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