U.S. - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Hand Tools in U.S. Rises Modestly to $9,137 per Ton
U.S. Hand Tools Import Price in February 2023
In February 2023, the hand tools price amounted to $9,137 per ton (CIF, US), rising by 5.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 12% month-to-month. As a result, import price reached the peak level of $9,287 per ton. From December 2022 to February 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Canada ($11,637 per ton), while the price for India ($4,363 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Hand Tools in U.S. (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Canada | 15,083 | 13,577 | 11,340 | 10,995 | 13,761 | 13,452 | 23,072 | 12,910 | 10,893 | 10,835 | 12,652 | 14,450 | 11,637 |
| Taiwan (Chinese) | 9,723 | 12,601 | 8,937 | 10,034 | 11,541 | 11,703 | 10,696 | 10,726 | 11,287 | 11,606 | 11,275 | 13,194 | 11,609 |
| Mexico | 8,271 | 8,138 | 8,578 | 8,176 | 8,412 | 9,706 | 8,844 | 9,348 | 8,357 | 8,758 | 9,019 | 9,622 | 10,012 |
| Vietnam | 6,098 | 6,631 | 6,354 | 6,957 | 6,519 | 7,238 | 8,757 | 7,507 | 7,343 | 8,107 | 9,369 | 8,166 | 8,997 |
| China | 5,446 | 5,634 | 5,617 | 5,468 | 5,970 | 6,059 | 5,938 | 5,506 | 5,030 | 5,775 | 5,439 | 5,381 | 5,859 |
| India | 4,313 | 3,976 | 3,362 | 4,353 | 3,450 | 3,838 | 4,709 | 5,651 | 5,208 | 5,371 | 3,924 | 4,540 | 4,363 |
| Average | 7,753 | 8,490 | 7,770 | 8,011 | 8,777 | 9,065 | 9,126 | 8,490 | 8,279 | 9,287 | 8,935 | 8,629 | 9,137 |
U.S. Hand Tools Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was hand saws ($24,482 per ton), while the price for agriculture or forestry hand tools ($5,519 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by hand saws (+2.7%), while the prices for the other products experienced more modest paces of growth.
U.S. Hand Tools Imports
In February 2023, approximately 33K tons of hand tools were imported into the United States; reducing by -8% against the previous month. Over the period under review, imports saw a pronounced downturn. The pace of growth appeared the most rapid in October 2022 when imports increased by 12% month-to-month.
In value terms, hand tools imports declined to $300M (IndexBox estimates) in February 2023. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in March 2022 when imports increased by 13% month-to-month. As a result, imports attained the peak of $431M. From April 2022 to February 2023, the growth of imports remained at a lower figure.
U.S. Hand Tools Imports by Type
Drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools (13K tons), hand-operated spanners and wrenches (7.9K tons) and agriculture or forestry hand tools (5.7K tons) were the main products of hand tools imports to the United States, together accounting for 81% of total imports.
From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by hand-operated spanners and wrenches (with a CAGR of -2.1%), while imports for the other products experienced a decline.
In value terms, drilling or threading hand tools, household hand tools, screwdrivers, hammers and similar hand tools ($104M), hand saws ($60M) and hand-operated spanners and wrenches ($60M) were the most imported types of hand tools in the United States, together comprising 75% of total imports. Files, pliers, pincers, tweezers, metal cutting shears and similar hand tools, agriculture or forestry hand tools and sets of two or more tools lagged somewhat behind, together comprising a further 25%.
U.S. Hand Tools Imports by Country
In February 2023, China (17K tons) constituted the largest supplier of hand tools to the United States, accounting for a 51% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (6.1K tons), threefold. India (2.8K tons) ranked third in terms of total imports with an 8.4% share.
From February 2022 to February 2023, the average monthly growth rate of volume from China totaled -4.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-3.6% per month) and India (-0.9% per month).
In value terms, China ($98M), Taiwan (Chinese) ($70M) and Vietnam ($19M) constituted the largest hand tools suppliers to the United States, with a combined 63% share of total imports.
Vietnam, with a CAGR of +0.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the hand tools market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25731010 - Spades and shovels
- Prodcom 25731020 -
- Prodcom 25731030 - Mattocks, picks, hoes and rakes
- Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
- Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
- Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
- Prodcom 25731070 -
- Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
- Prodcom 25732020 - Band saw blades
- Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
- Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
- Prodcom 25732093 - Straight saw blades for working metal
- Prodcom 25732095 -
- Prodcom 25732099 -
- Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
- Prodcom 25733015 -
- Prodcom 25733017 -
- Prodcom 25733023 - Metal cutting shears and similar hand tools
- Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
- Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
- Prodcom 25733037 - Interchangeable spanner sockets
- Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
- Prodcom 25733055 - Hammers and sledge hammers with working part of metal
- Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
- Prodcom 25733063 - Screwdrivers
- Prodcom 25733065 - Household hand tools
- Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
- Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
- Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
- Prodcom 25733085 - Vices, clamps and the like
- Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
- Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
- Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
