Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (CIF) - 2024
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (CIF) - 2024
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $82.1 per unit in January 2024, picking up by 20% against the previous month. Overall, import price indicated a prominent expansion from January 2023 to January 2024: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for tools; for working in the hand, pneumatic, other than rotary type increased by +20.2% against December 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 84% m-o-m. Over the period under review, average import prices attained the peak figure at $109 per unit in March 2023; however, from April 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($177 per unit), while the price for China ($34.3 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $125 per unit in 2022, reducing by -34.2% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 24% against the previous year. The export price peaked at $238 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($813 per unit), while the average price for exports to the United States totaled $99 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+2.1%).
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada
In 2022, the amount of tools; for working in the hand, pneumatic, other than rotary type imported into Canada reached 919K units, stabilizing at 2021 figures. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type reached $61M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 16.0 | 16.2 | 21.5 | 20.8 | 9.1% |
| United States | 12.8 | 14.7 | 12.8 | 17.2 | 10.4% |
| China | 9.9 | 8.9 | 13.0 | 12.1 | 6.9% |
| Vietnam | N/A | 0.3 | 0.8 | 3.8 | 255.9% |
| India | 0.7 | 0.6 | 0.6 | 1.1 | 16.3% |
| Others | 5.9 | 4.8 | 6.4 | 6.1 | 1.1% |
| Total | 45.2 | 45.5 | 55.1 | 61.1 | 10.6% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Canada in 2022:
- China (450.2K units)
- Taiwan (Chinese) (238.0K units)
- United States (129.8K units)
- India (31.0K units)
- Vietnam (29.6K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada
In 2022, exports of tools; for working in the hand, pneumatic, other than rotary type from Canada surged to 39K units, increasing by 92% against 2021 figures. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type surged to $4.9M in 2022. In general, exports, however, continue to indicate a perceptible contraction. The exports peaked at $5.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 2.9 | 2.7 | 3.7 | 7.2% |
| Others | 2.4 | 1.2 | 1.2 | 1.1 | -22.9% |
| Total | 5.4 | 4.2 | 3.8 | 4.9 | -3.2% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Canada in 2022:
- United States (37.8K units)
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