Canada: Screwdriver Market 2025

Screwdriver Market Size in Canada

In 2021, after two years of decline, there was significant growth in the Canadian screwdriver market, when its value increased by 33% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Screwdriver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Screwdriver Production in Canada

In value terms, screwdriver production surged to $X in 2021 estimated in export price. Overall, production, however, saw a deep reduction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Screwdriver Exports

Exports from Canada

For the fourth year in a row, Canada recorded decline in overseas shipments of screwdrivers, which decreased by -19.7% to X tons in 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 137%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, screwdriver exports expanded markedly to $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 103% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of screwdriver exports from Canada, together accounting for 79% of total exports. Australia lagged somewhat behind, comprising a further 7.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +8.3%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Slovakia ($X) and Germany ($X) were the largest markets for screwdriver exported from Canada worldwide, with a combined 79% share of total exports. These countries were followed by Australia, which accounted for a further 7.8%.

In terms of the main countries of destination, Australia, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average screwdriver export price amounted to $X per ton, surging by 34% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Slovakia ($X per ton) and Germany ($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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Canada

For the third year in a row, Canada recorded growth in supplies from abroad of screwdrivers, which increased by 12% to X tons in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 25% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, screwdriver imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 screwdriver imports to Canada, with a combined 88% share of total imports. The Czech Republic and Germany lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +19.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest screwdriver suppliers to Canada were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 88% share of total imports. These countries were followed by the Czech Republic and Germany, which together accounted for a further 9.5%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +23.0%, 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 more modest paces of growth.

Import Prices by Country

The average screwdriver import price stood at $X per ton in 2021, rising by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the price for Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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