HS Code:
The 'Saws' category, classified under HS Code 8202, encompasses a wide range of hand saws, power saws, and saw blades used in industries such as construction, woodworking, and metalworking. This category includes tools like circular saws, band saws, jigsaws, and reciprocating saws, as well as their interchangeable blades. Saws are essential for cutting materials with precision and are integral to manufacturing and DIY applications globally. The trade of saws reflects industrial activity, infrastructure development, and consumer demand for home improvement tools.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards cordless power saws
Increased demand for battery-powered saws due to portability and advancements in lithium-ion technology, driving innovation and sales in the power tools segment.
2021-2023
Growth in DIY and home improvement markets
Rising consumer interest in home renovation, especially post-COVID-19, has boosted demand for affordable hand saws and compact power saws in North America and Europe.
2020-2022
Sustainability and eco-friendly manufacturing
Manufacturers are adopting greener production processes and recyclable materials for saw blades, aligning with global environmental regulations and consumer preferences.
2022-2023
The United States imposed additional anti-dumping duties on Chinese saw blade imports to protect domestic manufacturers, citing unfair pricing practices.
March 2023
Increased costs for US importers and potential shift of supply chains to other countries like Vietnam or South Korea.
The European Union's Green Deal initiatives have introduced stricter regulations on the production of power tools, including saws, to reduce carbon footprints.
January 2023
Manufacturers are investing in sustainable practices, which may increase production costs but enhance market access in the EU.
Major tool companies like Bosch and DeWalt released new lines of smart saws with IoT integration for enhanced precision and safety features.
June 2023
Expected to drive premium segment growth, particularly in industrial applications, though higher prices may limit consumer adoption initially.