Hand Saw Market

The global hand saw market is projected to witness a positive trend with increasing demand for hand saws worldwide. Market performance is expected to grow with a CAGR of +1.4% in consumption and +3.4% in value from 2022 to 2030. Countries like China, the US, and India are the major consumers of hand saws. Production, imports, and exports of hand saws have also shown growth patterns over the years. China dominates both production and exports of hand saws. Despite some fluctuations in import and export volumes, the overall trend points towards a gradual growth in the hand saw market.

Market Forecast

Driven by increasing demand for hand saws worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 129K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $1.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hand Saws

In 2022, consumption of hand saws increased by 0.7% to 116K tons, rising for the sixth year in a row after four years of decline. The total consumption volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

The global hand saw market size amounted to $1.1B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $1.1B in 2012; afterwards, it flattened through to 2022.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (22K tons), the United States (15K tons) and India (9.3K tons), with a combined 39% share of global consumption. Germany, Japan, Brazil, Russia, the UK, Mexico, Indonesia, France, Democratic Republic of the Congo and Canada lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by France (with a CAGR of +4.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest hand saw markets worldwide were the United States ($244M), Japan ($165M) and China ($98M), with a combined 47% share of the global market.

In terms of the main consuming countries, the United States, with a CAGR of +5.2%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of hand saw per capita consumption in 2022 were Germany (69 kg per 1000 persons), the UK (56 kg per 1000 persons) and Canada (50 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +3.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Hand Saws

In 2022, production of hand saws increased by 0.1% to 112K tons, rising for the sixth year in a row after four years of decline. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. Global production peaked in 2022 and is likely to continue growth in the near future.

In value terms, hand saw production expanded modestly to $926M in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Global production peaked at $938M in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

China (54K tons) constituted the country with the largest volume of hand saw production, accounting for 49% of total volume. Moreover, hand saw production in China exceeded the figures recorded by the second-largest producer, the United States (9K tons), sixfold. India (8.3K tons) ranked third in terms of total production with a 7.5% share.

In China, hand saw production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.9% per year) and India (+0.2% per year).

Imports

World Imports of Hand Saws

In 2022, after two years of growth, there was significant decline in purchases abroad of hand saws, when their volume decreased by -11.5% to 58K tons. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 65K tons, and then declined in the following year.

In value terms, hand saw imports fell to $419M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $451M, and then contracted in the following year.

Imports By Country

In 2022, the United States (6.1K tons), followed by the UK (4K tons), the Netherlands (3.8K tons) and Germany (2.8K tons) represented the major importers of hand saws, together achieving 29% of total imports. Indonesia (2.4K tons), France (2.4K tons), Belgium (2.1K tons), Russia (2.1K tons), Kazakhstan (1.5K tons), Mexico (1.3K tons), India (1.3K tons), Thailand (1.1K tons) and Chile (1.1K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +13.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($58M), the Netherlands ($36M) and Germany ($32M) were the countries with the highest levels of imports in 2022, together comprising 30% of global imports. The UK, France, Belgium, Russia, Chile, Mexico, Indonesia, Thailand, Kazakhstan and India lagged somewhat behind, together comprising a further 28%.

Kazakhstan, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average hand saw import price amounted to $7,275 per ton, increasing by 4.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($11,668 per ton), while Indonesia ($2,495 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hand Saws

In 2022, after two years of growth, there was significant decline in shipments abroad of hand saws, when their volume decreased by -13.4% to 53K tons. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports attained the peak of 61K tons, and then fell in the following year.

In value terms, hand saw exports shrank to $418M in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of $459M, and then dropped in the following year.

Exports By Country

China dominates exports structure, finishing at 33K tons, which was near 62% of total exports in 2022. It was distantly followed by the Netherlands (2.4K tons), generating a 4.6% share of total exports. Sweden (2K tons), Belgium (1.9K tons), Taiwan (Chinese) (1.6K tons), Vietnam (1.5K tons), Denmark (1.4K tons), the United Arab Emirates (1.1K tons), Germany (1K tons) and Japan (0.9K tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hand saws. At the same time, Vietnam (+88.7%), the United Arab Emirates (+37.5%), Japan (+6.7%), Belgium (+6.7%), the Netherlands (+2.8%), Taiwan (Chinese) (+1.5%) and Denmark (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +88.7% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, Germany (-2.0%) illustrated a downward trend over the same period. Vietnam (+2.8 p.p.) and the United Arab Emirates (+2 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -3.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($184M) remains the largest hand saw supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by the Netherlands ($35M), with an 8.4% share of global exports. It was followed by Japan, with a 5.2% share.

In China, hand saw exports expanded at an average annual rate of +4.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+3.3% per year) and Japan (+3.1% per year).

Export Prices By Country

In 2022, the average hand saw export price amounted to $7,887 per ton, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 an increase of 6.3% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($25,566 per ton), while the United Arab Emirates ($1,543 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform