Saudi Arabia: Hand Tools Market Overview 2020

Hand Tools Market Size in Saudi Arabia

The revenue of the hand tools market in Saudi Arabia amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, hand tools consumption, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Hand tools consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Hand Tools Exports

Exports from Saudi Arabia

In 2018, the hand tools exports from Saudi Arabia totaled X tonnes, picking up by X% against the previous year. In general, hand tools exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, hand tools exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, hand tools exports amounted to $X in 2018. Over the period under review, hand tools exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, hand tools exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

The United Arab Emirates (X tonnes), Bahrain (X tonnes) and Sudan (X tonnes) were the main destinations of hand tools exports from Saudi Arabia, together accounting for X% of total exports. These countries were followed by Qatar, Morocco, Yemen, Comoros, Germany, Niger, Guinea and Oman, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Morocco (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for hand tools exports from Saudi Arabia, comprising X% of total hand tools exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the average hand tools export price amounted to $X per tonne, waning by -X% against the previous year. In general, the hand tools export price continues to indicate a moderate drop. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Niger ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Guinea, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Saudi Arabia

In 2018, approx. X tonnes of hand tools were imported into Saudi Arabia; picking up by X% against the previous year. In general, hand tools imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, hand tools imports stood at $X in 2018. Overall, the total imports indicated a temperate expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hand tools imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

China (X tonnes), Italy (X tonnes) and Germany (X tonnes) were the main suppliers of hand tools imports to Saudi Arabia, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hand tools to Saudi Arabia, comprising X% of total hand tools imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the average hand tools import price amounted to $X per tonne, going down by -X% against the previous year. Over the period under review, the import price indicated a significant increase from 2007 to 2018: 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 2018 figures, hand tools import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. In that year, the average import prices for hand tools attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform