Northern America: Household Hand Tools Market 2025

Household Hand Tools Market Size in Northern America

The North American household hand tools market rose markedly to $X in 2021, with an increase of 5.4% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Household Hand Tools Production in Northern America

In value terms, household hand tools production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 165% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Household Hand Tools Exports

Exports in Northern America

In 2021, overseas shipments of household hand tools increased by 78% to X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, showed a slight contraction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the major exporting country with an export of around X tons, which accounted for 90% of total exports. It was distantly followed by Canada (X tons), comprising a 10% share of total exports.

Exports from the United States decreased at an average annual rate of -2.0% from 2012 to 2021. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +2.4 percentage points.

In value terms, the United States ($X) remains the largest household hand tools supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with a 9% share of total exports.

In the United States, household hand tools exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, dropping by -19.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

Household Hand Tools Imports

Imports in Northern America

In 2021, overseas purchases of household hand tools increased by 10% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, household hand tools imports rose notably to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 6.9% share of total imports.

The United States was also the fastest-growing in terms of the household hand tools imports, with a CAGR of +6.5% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +4.6 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported household hand tools in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

In the United States, household hand tools imports expanded at an average annual rate of +1.1% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

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