Canada: Hand Tools Market 2025

Hand Tools Market Size in Canada

The Canadian hand tools market soared to $X in 2021, with an increase of 31% against the previous year. In general, consumption posted a strong expansion. Hand tools consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hand Tools Production in Canada

In value terms, hand tools production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hand Tools Exports

Exports from Canada

In 2021, approx. X tons of hand tools were exported from Canada; with a decrease of -3.3% compared with the previous year. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hand tools exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for hand tools exports from Canada, accounting for a 60% share of total exports. Moreover, hand tools exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-4.7% per year) and China (-4.5% per year).

In value terms, the United States ($X) remains the key foreign market for hand tools exports from Canada, comprising 60% of total exports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total exports. It was followed by China, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-2.7% per year) and China (-2.7% per year).

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and China ($X per ton), while the average price for exports to the UK ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Canada

In 2021, approx. X tons of hand tools were imported into Canada; with an increase of 14% compared with the year before. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hand tools imports to Canada, together comprising 77% of total imports. Japan, Germany, Switzerland, Italy, Mexico and Sweden lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) constituted the largest hand tools suppliers to Canada, with a combined 78% share of total imports. These countries were followed by Germany, Japan, Switzerland, Italy, Mexico and Sweden, which together accounted for a further 14%.

Japan, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, increasing by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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