U.S.: Electric Soldering Iron Market 2025

Electric Soldering Iron Market Size in the U.S.

In 2022, the U.S. electric soldering iron market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Electric soldering iron consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Electric Soldering Iron Exports

Exports from the U.S.

In 2022, overseas shipments of electric soldering irons and guns decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, electric soldering iron exports contracted rapidly to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Canada (X units) was the main destination for electric soldering iron exports from the United States, with a X% share of total exports. Moreover, electric soldering iron exports to Canada exceeded the volume sent to the second major destination, Costa Rica (X units), threefold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Mexico (X% per year).

In value terms, Mexico ($X), Canada ($X) and Costa Rica ($X) were the largest markets for electric soldering iron exported from the United States worldwide, together accounting for X% of total exports.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron export price increased by X% against 2020 indices. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Soldering Iron Imports

Imports into the U.S.

For the fourth consecutive year, the United States recorded growth in supplies from abroad of electric soldering irons and guns, which increased by X% to X units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electric soldering iron imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electric soldering iron supplier to the United States, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. Spain (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Spain (X% per year).

In value terms, Mexico ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest electric soldering iron suppliers to the United States, together accounting for X% of total imports. Spain, Thailand and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw 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 electric soldering iron import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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