Pliers And Pincers Market

The global market for pliers and pincers for nonmedical use is expected to see growth over the next eight years, with a forecasted CAGR of +1.2%. In 2022, global consumption slightly decreased, but the market value increased. China, the United States, and India were the top consumers in 2022. The United States was the largest importer and Germany was the largest exporter. Import and export prices varied by country, with Germany having the highest export price in 2022.

Market Forecast

Driven by increasing demand for pliers, pincers and tweezers for nonmedical use worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 347K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market value to $1.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pliers, Pincers And Tweezers For Nonmedical Use

In 2022, global pliers and pincers consumption shrank slightly to 315K tons, waning by -3.5% on 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at 327K tons in 2021, and then dropped slightly in the following year.

The global pliers and pincers market value stood at $1.6B in 2022, picking up by 2.4% 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). The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (51K tons), the United States (43K tons) and India (27K tons), with a combined 38% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +7.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($560M) led the market, alone. The second position in the ranking was held by France ($85M). It was followed by Indonesia.

In the United States, the pliers and pincers market expanded at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+3.6% per year) and Indonesia (+7.2% per year).

The countries with the highest levels of pliers and pincers per capita consumption in 2022 were Germany (186 kg per 1000 persons), Japan (145 kg per 1000 persons) and South Korea (133 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +6.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Pliers, Pincers And Tweezers For Nonmedical Use

In 2022, global production of pliers, pincers and tweezers for nonmedical use declined to 333K tons, dropping by -2.2% against the previous year. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, global production attained the maximum volume at 351K tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, pliers and pincers production contracted slightly to $4.4M in 2022 estimated in export price. In general, production, however, showed a slight increase. The growth pace was the most rapid in 2019 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $4.7M. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

China (190K tons) constituted the country with the largest volume of pliers and pincers production, comprising approx. 57% of total volume. Moreover, pliers and pincers production in China exceeded the figures recorded by the second-largest producer, India (31K tons), sixfold. The third position in this ranking was taken by Japan (17K tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+0.8% per year) and Japan (+2.9% per year).

Imports

World Imports of Pliers, Pincers And Tweezers For Nonmedical Use

In 2022, purchases abroad of pliers, pincers and tweezers for nonmedical use increased by 1.8% to 169K tons, rising for the seventh year in a row after three years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +56.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pliers and pincers imports stood at $2B in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +52.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports By Country

In 2022, the United States (31K tons), distantly followed by Germany (7.8K tons) represented the major importers of pliers, pincers and tweezers for nonmedical use, together constituting 23% of total imports. The Netherlands (6.1K tons), Mexico (5.5K tons), France (5.2K tons), Indonesia (5.2K tons), Brazil (4.4K tons), Italy (4.2K tons), the UK (4.1K tons), Belgium (4.1K tons), Chile (3.9K tons), Russia (3.9K tons) and Spain (3.8K tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Chile (+18.7%), Mexico (+11.4%), Spain (+9.5%), the Netherlands (+9.1%), Italy (+8.7%), Belgium (+6.7%), Germany (+4.4%), France (+4.1%), Indonesia (+3.3%) and the UK (+2.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +18.7% from 2012-2022. By contrast, Brazil (-2.0%) and Russia (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Chile, Mexico and the Netherlands increased by +9.5, +1.8, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($343M) constitutes the largest market for imported pliers, pincers and tweezers for nonmedical use worldwide, comprising 17% of global imports. The second position in the ranking was held by Germany ($158M), with an 8% share of global imports. It was followed by the Netherlands, with a 5.1% share.

In the United States, pliers and pincers imports increased at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+6.2% per year) and the Netherlands (+9.8% per year).

Import Prices By Country

The average pliers and pincers import price stood at $11,620 per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 an increase of 10%. Over the period under review, average import prices attained the peak figure at $12,814 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($20,362 per ton), while Indonesia ($3,493 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pliers, Pincers And Tweezers For Nonmedical Use

In 2022, approx. 187K tons of pliers, pincers and tweezers for nonmedical use were exported worldwide; picking up by 3.6% against the previous year. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +232.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 165%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pliers and pincers exports stood at $2.1B in 2022. The total export value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China dominates exports structure, recording 142K tons, which was approx. 76% of total exports in 2022. Germany (8K tons), Taiwan (Chinese) (6.4K tons), India (5.6K tons), the Netherlands (5.1K tons) and Belgium (3.1K tons) held a little share of total exports.

Exports from China increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, the Netherlands (+11.5%), Belgium (+7.1%) and Germany (+4.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, India (-2.7%) illustrated a downward trend over the same period. China (+2.2 p.p.) and the Netherlands (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while India saw its share reduced by -1.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($932M) remains the largest pliers and pincers supplier worldwide, comprising 45% of global exports. The second position in the ranking was held by Germany ($374M), with an 18% share of global exports. It was followed by Taiwan (Chinese), with a 4.9% share.

In China, pliers and pincers exports expanded at an average annual rate of +5.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+6.0% per year) and Taiwan (Chinese) (+2.5% per year).

Export Prices By Country

The average pliers and pincers export price stood at $11,110 per ton in 2022, stabilizing at the previous year. In general, the export price, however, posted a notable increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 152% against the previous year. As a result, the export price reached the peak level of $24,954 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($46,406 per ton), while India ($5,558 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform