Canada - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOctober 2023 Sees a Decline in Canada's Hand Tools Import to $70M.
Canada Hand Tools Imports
In October 2023, overseas purchases of hand tools increased by 1.2% to 1.1K tons, rising for the third consecutive month after four months of decline. Over the period under review, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in December 2022 with an increase of 45% against the previous month.
In value terms, hand tools imports contracted to $70M (IndexBox estimates) in October 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 with an increase of 15% m-o-m.
| COUNTRY | Import Value of Hand Tools in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 24.8 | 24.3 | 21.8 | 21.6 | 24.5 | 27.5 | 24.7 | 26.9 | 27.3 | 23.3 | 24.8 | 26.1 | 23.5 |
| China | 27.5 | 24.2 | 18.6 | 22.8 | 19.1 | 16.8 | 16.1 | 18.6 | 16.4 | 13.9 | 20.1 | 25.0 | 23.1 |
| Taiwan (Chinese) | 8.5 | 8.7 | 6.7 | 7.6 | 7.5 | 7.7 | 7.2 | 6.9 | 8.2 | 7.0 | 7.4 | 9.1 | 7.8 |
| Japan | 3.2 | 3.1 | 3.1 | 2.7 | 3.2 | 2.7 | 3.3 | 3.6 | 3.5 | 3.1 | 3.1 | 4.4 | 3.4 |
| Germany | 2.3 | 2.3 | 2.3 | 2.5 | 2.2 | 2.7 | 2.7 | 2.9 | 3.0 | 2.5 | 2.5 | 3.1 | 2.3 |
| Vietnam | 1.1 | 0.4 | 0.7 | 0.7 | 0.6 | 0.6 | 0.9 | 0.7 | 0.6 | 0.7 | 0.8 | 1.0 | 0.8 |
| Mexico | 0.9 | 0.7 | 0.6 | 0.7 | 0.8 | 0.9 | 0.5 | 0.7 | 1.0 | 0.7 | 0.6 | 1.0 | 0.7 |
| Others | 9.0 | 7.6 | 7.9 | 7.7 | 6.8 | 8.6 | 9.2 | 8.7 | 9.4 | 7.9 | 8.6 | 7.1 | 8.7 |
| Total | 77.2 | 71.4 | 61.6 | 66.3 | 64.7 | 67.4 | 64.7 | 69.0 | 69.5 | 59.0 | 67.8 | 76.7 | 70.3 |
Imports by Country
China (430 tons), the United States (330 tons) and Taiwan (Chinese) (60 tons) were the main suppliers of hand tools imports to Canada, together accounting for 72% of total imports. Germany, Japan, Mexico and Vietnam lagged somewhat behind, together accounting for a further 7.9%.
From October 2022 to October 2023, the biggest increases were in Mexico (with a CAGR of +3.0%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, the largest hand tools suppliers to Canada were the United States ($24M), China ($23M) and Taiwan (Chinese) ($7.8M), with a combined 77% share of total imports. These countries were followed by Japan, Germany, Vietnam and Mexico, which together accounted for a further 10%.
Japan, with a CAGR of +0.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
Agriculture or forestry hand tools (522 tons), hand saws (484 tons) and sets of two or more tools (108 tons) were the main products of hand tools imports to Canada, together comprising 98% of total imports. Files, pliers, pincers, tweezers, metal cutting shears and similar hand tools, drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools and hand-operated spanners and wrenches lagged somewhat behind, together accounting for a further 1.8%.
From October 2022 to October 2023, the biggest increases were in drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools (with a CAGR of +13.8%), while purchases for the other products experienced mixed trend patterns.
In value terms, the most traded types of hand tools in Canada were drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools ($27M), hand-operated spanners and wrenches ($14M) and hand saws ($14M), together comprising 77% of total imports.
Import Prices by Country
In October 2023, the hand tools price stood at $61,966 per ton (CIF, Canada), declining by -9.4% against the previous month. Over the period under review, import price indicated a slight expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, hand tools import price decreased by -9.4% against September 2023 indices. The growth pace was the most rapid in November 2022 when the average import price increased by 57% m-o-m. As a result, import price attained the peak level of $77,621 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($129K per ton), while the price for Sweden ($17,803 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the hand tools market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25731010 - Spades and shovels
- Prodcom 25731020 -
- Prodcom 25731030 - Mattocks, picks, hoes and rakes
- Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
- Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
- Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
- Prodcom 25731070 -
- Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
- Prodcom 25732020 - Band saw blades
- Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
- Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
- Prodcom 25732093 - Straight saw blades for working metal
- Prodcom 25732095 -
- Prodcom 25732099 -
- Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
- Prodcom 25733015 -
- Prodcom 25733017 -
- Prodcom 25733023 - Metal cutting shears and similar hand tools
- Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
- Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733037 - Interchangeable spanner sockets
- Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
- Prodcom 25733055 - Hammers and sledge hammers with working part of metal
- Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
- Prodcom 25733063 - Screwdrivers
- Prodcom 25733065 - Household hand tools
- Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
- Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
- Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
- Prodcom 25733085 - Vices, clamps and the like
- Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
- Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
- Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
