Middle East: Power Tool Market 2024

Power Tool Market Size in the Middle East

In 2022, the Middle Eastern power tool market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Power Tool Production in the Middle East

In value terms, power tool production rose modestly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Power Tool Exports

Exports in the Middle East

In 2022, overseas shipments of power tools increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, power tool exports stood at $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of power tools in the Middle East, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units), constituting an X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the power tools exports, with a CAGR of X% from 2012 to 2022. Turkey (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 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest power tool supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports.

In the United Arab Emirates, power tool exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Power Tool Imports

Imports in the Middle East

In 2022, supplies from abroad of power tools decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, power tool imports fell to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the main importer of power tools in the Middle East, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), Iran (X units), Israel (X units) and Kuwait (X units), together committing a X% share of total imports. The following importers - Yemen (X units) and Qatar (X units) - each reached a X% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of power tools. At the same time, Kuwait (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Yemen experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. Iran (X p.p.), Kuwait (X p.p.), Israel (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Qatar saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Iran, Kuwait, Qatar and Yemen lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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