MENA: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in MENA

In 2022, the MENA's pliers and pincers market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pliers And Pincers Production in MENA

In value terms, pliers and pincers production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Pliers And Pincers Exports

Exports in MENA

In 2022, approx. X tons of pliers, pincers and tweezers for nonmedical use were exported in MENA; surging by X% compared with 2021. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pliers and pincers exports soared to $X in 2022. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the pliers, pincers and tweezers for nonmedical use exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest pliers and pincers supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Pliers And Pincers Imports

Imports in MENA

In 2022, purchases abroad of pliers, pincers and tweezers for nonmedical use decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a mild reduction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, pliers and pincers imports shrank to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Iraq (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Morocco (X tons), Egypt (X tons) and Turkey (X tons), together making up a X% share of total imports. The following importers - Algeria (X tons), Israel (X tons), Kuwait (X tons), Iran (X tons), Yemen (X tons), Libya (X tons) and Jordan (X tons) - together made up X% of total imports.

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

In value terms, the United Arab Emirates ($X), Iraq ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Saudi Arabia, Israel, Algeria, Kuwait, Morocco, Iran, Egypt, Libya, Yemen and Jordan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Yemen, with a CAGR of X%, saw 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

In 2022, the import price in MENA amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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