Canada: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Canada

The Canadian market for pneumatic or hydraulic hand tools rose remarkably to $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Canada

In value terms, pneumatic or hydraulic hand tool production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 142%. Pneumatic or hydraulic hand tool production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Canada

Pneumatic or hydraulic hand tool exports from Canada rose sharply to X tons in 2021, with an increase of 9.1% on the year before. Over the period under review, exports, however, recorded a perceptible descent. The growth pace was the most rapid in 2019 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. In general, exports, however, recorded a mild curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Canada, accounting for a 72% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by Peru (X tons), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.3% per year) and Peru (+2.4% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Canada, comprising 68% of total exports. The second position in the ranking was held by the UK ($X), with a 4.4% share of total exports. It was followed by Peru, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.1% per year) and Peru (+6.6% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, growing by 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Canada

In 2021, after two years of decline, there was significant growth in overseas purchases of pneumatic or hydraulic hand tools, when their volume increased by 21% to X tons. Overall, imports, however, recorded a mild reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Canada, together accounting for 69% of total imports. Germany, Sweden, Japan, the United Arab Emirates and Mexico lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Canada were the United States ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 72% share of total imports. These countries were followed by Germany, Sweden, Japan, Mexico and the United Arab Emirates, which together accounted for a further 21%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +44.1%, 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

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, picking up by 2.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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