HS Code:
Hacksaw blades, classified under HS Code 8202.91, are straight saw blades used in hacksaws for cutting metal, plastic, or wood. These blades are essential tools in construction, manufacturing, and maintenance industries. They vary in size, teeth per inch (TPI), and material composition (e.g., carbon steel, bi-metal) to suit different cutting needs. The global trade of hacksaw blades reflects demand in industrial and DIY markets, with significant production in countries with strong manufacturing bases.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards bi-metal blades
Increased demand for durable, high-performance blades in industrial applications, driving growth in premium segments.
2021-2022
Growth in DIY and home improvement markets
Rising consumer interest in home projects, especially post-COVID-19, has boosted demand for affordable hacksaw blades in retail markets.
2020-2022
Sustainability and recycling initiatives
Manufacturers are focusing on eco-friendly production processes and recyclable materials, influencing buyer preferences in Europe and North America.
2022
The European Union introduced provisional anti-dumping duties ranging from 8% to 15% on hacksaw blades imported from China to protect local manufacturers from unfairly priced imports.
March 2023
This may lead to higher costs for EU importers and a potential shift in sourcing to other countries like India or Vietnam.
Leading manufacturers in Germany and Japan have introduced new laser-welded bi-metal blades with enhanced durability and precision, gaining traction in industrial markets.
June 2023
This innovation is expected to increase market share for premium blade producers while pushing smaller competitors to innovate or lower prices.
The United States-Mexico-Canada Agreement has facilitated tariff-free trade of hacksaw blades among member countries, strengthening regional supply chains.
January 2023
Increased trade volume within North America, reducing dependence on Asian imports for certain market segments.