United Arab Emirates: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in the United Arab Emirates

The pliers and pincers market in the United Arab Emirates dropped sharply to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a significant contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Pliers And Pincers Exports

Exports from the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in overseas shipments of pliers, pincers and tweezers for nonmedical use, which increased by X% to X tons in 2022. Overall, exports saw a buoyant expansion. 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 skyrocketed to $X in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Cameroon (X tons) and China (X tons) were the main destinations of pliers and pincers exports from the United Arab Emirates, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) emerged as the key foreign market for pliers, pincers and tweezers for nonmedical use exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated prominent growth 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 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Cameroon ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into the United Arab Emirates

In 2022, supplies from 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 pronounced slump. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pliers and pincers imports shrank rapidly to $X in 2022. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest pliers and pincers supplier to the United Arab Emirates, with a X% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by India, with an X% share.

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

Import Prices by Country

In 2022, the average pliers and pincers import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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