Northern America: Market for Pneumatic Or Hydraulic Hand Tools 2023

Market Size for Pneumatic Or Hydraulic Hand Tools in Northern America

The North American market for pneumatic or hydraulic hand tools surged to $X in 2021, rising by 22% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Northern America

In value terms, pneumatic or hydraulic hand tool production expanded to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27% 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.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Northern America

In 2021, the amount of pneumatic or hydraulic hand tools exported in Northern America declined to X tons, approximately reflecting 2020 figures. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 4.1% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports rose notably to $X in 2021. Overall, exports showed a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, recording X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), generating an 8.6% share of total exports.

Exports from the United States decreased at an average annual rate of -14.5% from 2012 to 2021. Canada (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +5.8 percentage points.

In value terms, the United States ($X) remains the largest pneumatic or hydraulic hand tool supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to -8.8%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 10% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool export price increased by +80.9% against 2014 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 37%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.7%).

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Northern America

In 2021, approx. X tons of pneumatic or hydraulic hand tools were imported in Northern America; with an increase of 16% against the previous year. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main importer of pneumatic or hydraulic hand tools, achieving 89% of total imports. It was distantly followed by Canada (X tons), mixing up an 11% share of total imports.

The United States was also the fastest-growing in terms of the pneumatic or hydraulic hand tools imports, with a CAGR of +6.5% from 2012 to 2021. Canada (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +8.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported pneumatic or hydraulic hand tools in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 4.6% against the previous year. Overall, the import price, however, showed a noticeable reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat 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 (-0.9%).

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :