GCC: Garden Tool Market 2024

Garden Tool Market Size in GCC

The GCC garden tool market reached $X in 2023, standing approx. at the previous year. Overall, consumption recorded strong growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Garden Tool Production in GCC

In value terms, garden tool production expanded to $X in 2023 estimated in export price. Over the period under review, production recorded a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Garden Tool Exports

Exports in GCC

In 2023, garden tool exports in GCC shrank to X tons, waning by X% compared with the previous year's figure. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, garden tool exports shrank significantly to $X in 2023. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Oman (X tons) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the garden tools exports, with a CAGR of X% from 2012 to 2023. Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Oman (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest garden tool supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, garden tool exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Garden Tool Imports

Imports in GCC

In 2023, after four years of growth, there was significant decline in supplies from abroad of garden tools, when their volume decreased by X% to X tons. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, garden tool imports reduced to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which recorded X% of total imports. Oman (X tons) took the second position in the ranking, distantly followed by Qatar (X tons). All these countries together held approx. X% share of total imports. Kuwait (X tons) and Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to garden tool imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%), Bahrain (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Oman and the United Arab Emirates increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported garden tools in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, garden tool imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, garden tool import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform