Middle East: Hedge Shear Market 2024

Hedge Shear Market Size in the Middle East

The Middle Eastern hedge shear market was estimated at $X in 2022, almost unchanged from the previous year. The total consumption indicated a resilient increase 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Hedge Shear Production in the Middle East

In value terms, hedge shear production rose notably to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Hedge Shear Exports

Exports in the Middle East

In 2022, shipments abroad of hedge shears and two-handed pruning shears increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hedge shear exports surged to $X in 2022. In general, exports enjoyed measured growth. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of hedge shears and two-handed pruning shears in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Oman (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Iran (X%).

From 2012 to 2022, average annual rates of growth with regard to hedge shear exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest hedge shear supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Hedge Shear Imports

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in purchases abroad of hedge shears and two-handed pruning shears, when their volume decreased by X% to X tons. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hedge shear imports shrank markedly to $X in 2022. Total imports indicated a modest 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 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) were the largest importers of hedge shears and two-handed pruning shears in 2022, amounting to approx. X% and X% of total imports, respectively. Iraq (X tons) ranks next in terms of the total imports with a X% share, followed by Israel (X%) and Iran (X%). The following importers - Yemen (X tons) and Kuwait (X tons) - together made up X% of total imports.

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

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

Yemen, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, shrinking by X% 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 2015 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Israel ($X per ton), while Iraq ($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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