Middle East: Hand Tools Market 2024

Hand Tools Market Size in the Middle East

In 2022, the Middle Eastern hand tools market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Hand Tools Production in the Middle East

In value terms, hand tools production rose to $X in 2022 estimated in export price. In general, production showed significant growth. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hand Tools Exports

Exports in the Middle East

In 2022, the amount of hand tools exported in the Middle East skyrocketed to X tons, rising by X% on the year before. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools exports soared to $X in 2022. Over the period under review, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Turkey (X tons), committing a X% share of total exports. Israel (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the hand tools exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Israel (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the largest hand tools supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports

Imports in the Middle East

In 2022, overseas purchases of hand tools decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hand tools imports shrank notably to $X in 2022. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, 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. Iraq (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Iran (X%) and Israel (X%). The following importers - Yemen (X tons) and Oman (X tons) - each finished at a X% share of total imports.

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

In value terms, the largest hand tools importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), together comprising X% of total imports.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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