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U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2030
Report Update: Jun 1, 2025

U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2030

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Sep 5, 2023

Significant Decline in Price of U.S. Cutting Tools to $37.1 per kg

U.S. Cutting Tool Import Price in June 2023

In June 2023, the cutting tool price stood at $37,064 per ton (CIF, US), with a decrease of -13.8% against the previous month. Over the period under review, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 128% month-to-month. The import price peaked at $52,600 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($188K per ton), while the price for Vietnam ($5,241 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Cutting Tool Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Cutting Tool in U.S. (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Germany155,627101,296160,700156,882131,882138,674161,575209,470146,426146,574147,820156,071188,342
Japan176,967257,731112,186293,828122,638176,95798,327140,442170,710162,94677,681166,989176,752
China13,15111,9409,4099,43512,23914,8239,22218,76017,06513,35417,25620,22316,843
Taiwan (Chinese)11,90614,6398,8835,2269,9945,4304,69912,70411,9577,9659,7108,2896,491
Vietnam8,5598,5305,2715,1253,0413,5352,6889,2937,66913,7376,96110,3355,241
Average42,47643,32324,00119,00127,49728,91022,21850,65452,60045,04843,30643,00337,064

U.S. Cutting Tool Imports

In June 2023, imports of cutting tool and machine tool accessories into the United States rose sharply to 7.1K tons, increasing by 8.5% against the previous month. Over the period under review, imports continue to indicate a modest increase. The pace of growth was the most pronounced in August 2022 when imports increased by 93% month-to-month.

In value terms, cutting tool imports declined to $265M (IndexBox estimates) in June 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 18% month-to-month.

U.S. Cutting Tool Imports by Country

In June 2023, Taiwan (Chinese) (4.3K tons) constituted the largest cutting tool supplier to the United States, with a 61% share of total imports. Moreover, cutting tool imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (1.2K tons), fourfold. The third position in this ranking was held by Vietnam (643 tons), with a 9% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from Taiwan (Chinese) stood at +2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.9% per month) and Vietnam (+7.7% per month).

In value terms, Germany ($51M), Japan ($30M) and Taiwan (Chinese) ($28M) appeared to be the largest cutting tool suppliers to the United States, with a combined 41% share of total imports. China and Vietnam lagged somewhat behind, together accounting for a further 8.7%.

Among the main suppliers, Vietnam, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cutting tool market in the U.S.. 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:

  • NAICS 333515 - Cutting tool and machine tool accessory manufacturing

Companies mentioned:

  • Kennametal
  • Coorstek
  • Allied Machine & Engineering Corporation
  • Varel International Ind
  • Veridiam
  • Diamond Products
  • Fori Automation
  • Guhring
  • Greenleaf Corporation
  • SGS Tool Company
  • Walter Usa
  • Covert Manufacturing
  • Prince Industries
  • Multicam
  • Cwb Holding Co. of Loves Park
  • Precision Dormer
  • Brinkman International Group
  • Star Cutter Co.
  • Greenfield Industries
  • Ingersoll Cutting Tool Company
  • Abrasive-Tool Corp.
  • Global Tooling Systems
  • Triumph Twist Drill Co
  • Viking Drill & Tool
  • Seco Holding Co
  • Schenck Corporation
  • Precision Twist Drill Co.
  • Axxess Technologies
  • DH Holdings Corp.
  • Heidenhain Holding
  • Zyvex Corporation
  • Carl Zeiss Industrial Metrology
  • Kyocera Precision Tools

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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