Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (CIF) - 2024
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (FOB) - 2024
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (CIF) - 2024
In January 2024, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $91.9 per unit, growing by 8% against the previous month. Over the period under review, import price indicated a noticeable expansion from January 2023 to January 2024: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) increased by +65.8% against August 2023 indices. The pace of growth was the most pronounced in March 2023 an increase of 39% against the previous month. The import price peaked at $103 per unit in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($315 per unit), while the price for China ($32.7 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (FOB) - 2024
In January 2024, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $160 per unit, reducing by -38.4% against the previous month. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 338% against the previous month. Over the period under review, the average export prices attained the maximum at $939 per unit in August 2023; however, from September 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Australia ($3,095 per unit), while the average price for exports to the United States stood at $76.8 per unit.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.3%).
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada
In 2022, the amount of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) imported into Canada contracted to 880K units, with a decrease of -5.5% compared with 2021. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of 932K units, and then dropped in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped modestly to $48M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $48M, and then shrank slightly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 15.9 | 21.0 | 18.7 | 5.3% |
| United States | 11.9 | 8.2 | 10.3 | 11.4 | -1.4% |
| Taiwan (Chinese) | 10.7 | 8.5 | 10.0 | 10.0 | -2.2% |
| Japan | 2.0 | 1.4 | 1.8 | 1.7 | -5.3% |
| Germany | 1.2 | 0.7 | 0.9 | 0.9 | -9.1% |
| Others | 5.2 | 3.4 | 4.5 | 5.0 | -1.3% |
| Total | 47.0 | 38.1 | 48.5 | 47.7 | 0.5% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Canada in 2022:
- China (559.9K units)
- Taiwan (Chinese) (157.5K units)
- United States (98.6K units)
- Japan (16.6K units)
- Germany (9.3K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada
In 2022, approx. 13K units of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) were exported from Canada; dropping by -30.9% compared with 2021 figures. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 19K units, and then declined dramatically in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) reached $9.1M in 2022. Overall, exports showed a perceptible slump. The growth pace was the most rapid in 2021 when exports increased by 8%. The exports peaked at $10M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 4.7 | 4.9 | 4.6 | -9.0% |
| Australia | 0.8 | 0.5 | 0.6 | 0.8 | 0.0% |
| Netherlands | 0.7 | 0.4 | 0.5 | 0.6 | -5.0% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Bermuda | N/A | 0.1 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 0.2 | N/A | 0% |
| Others | 2.8 | 2.5 | 2.7 | 2.6 | -2.4% |
| Total | 10.5 | 8.2 | 8.9 | 9.1 | -4.7% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Canada in 2022:
- United States (8.5K units)
- France (2.3K units)
- Australia (0.6K units)
- Netherlands (0.2K units)
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