Canada: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Canada

The Canadian market for in-hand motor grinders, sanders and planers skyrocketed to $X in 2021, increasing by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.3% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Canada

In 2021, shipments abroad of in-hand motor grinders, sanders and planers decreased by -13.5% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 74% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers expanded remarkably to $X in 2021. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 47% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Canada, with a 43% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by Germany (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.8% per year) and Germany (+21.3% per year).

In value terms, the United States ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Canada, comprising 64% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Australia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.9% per year) and Australia (+19.0% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, picking up by 22% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 49%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Canada

In 2021, purchases abroad of in-hand motor grinders, sanders and planers increased by 29% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Canada, with a 68% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. The third position in this ranking was held by Vietnam (X units), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+7.2% per year) and Vietnam (+335.3% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Canada, comprising 55% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+471.4% per year) and Mexico (+7.4% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers increased by +106.2% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by 74%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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