Canada: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Canada

The Canadian market for hand-operated drilling, threading or tapping tools reached $X in 2022, approximately reflecting the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Canada

In value terms, production of hand-operated drilling, threading or tapping tools declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 227%. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Canada

In 2022, after two years of growth, there was significant decline in shipments abroad of hand-operated drilling, threading or tapping tools, when their volume decreased by -51.4% to X tons. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 118% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, exports of hand-operated drilling, threading or tapping tools dropped remarkably to $X in 2022. In general, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 67% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of hand-operated drilling, threading or tapping tools from Canada, accounting for a 49% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to the United States exceeded the volume sent to the second major destination, Australia (X tons), sixfold. Poland (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-6.2% per year) and Poland (-4.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for hand-operated drilling, threading or tapping tools exports from Canada, comprising 49% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.7% share of total exports. It was followed by Poland, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.0% per year) and Poland (-0.8% per year).

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, rising by 33% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for hand-operated drilling, threading or tapping tools decreased by -32.1% against 2018 indices. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Ecuador ($X per ton), while the average price for exports to China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Canada

In 2022, after three years of decline, there was significant growth in overseas purchases of hand-operated drilling, threading or tapping tools, when their volume increased by 14% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 25%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of hand-operated drilling, threading or tapping tools expanded to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of hand-operated drilling, threading or tapping tool to Canada, with a 69% share of total imports. Moreover, imports of hand-operated drilling, threading or tapping tools from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and Germany (-6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of hand-operated drilling, threading or tapping tools to Canada, comprising 69% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Germany, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Germany (-6.0% per year).

Import Prices by Country

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, falling by -9.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Germany ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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