United Arab Emirates: Hand Tools Market Overview 2020

Hand Tools Market Size in the United Arab Emirates

The revenue of the hand tools market in the United Arab Emirates amounted to $X in 2018, coming down 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). Over the period under review, hand tools consumption continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the hand tools market reached its maximum level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Hand Tools Exports

Exports from the United Arab Emirates

In 2018, the amount of hand tools exported from the United Arab Emirates amounted to X tonnes, shrinking by -X% against the previous year. Overall, hand tools exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, hand tools exports reached their peak of X tonnes. From 2009 to 2018, the growth of hand tools exports failed to regain its momentum.

In value terms, hand tools exports totaled $X in 2018. In general, hand tools exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Iran (X tonnes) was the main destination for hand tools exports from the United Arab Emirates, with a X% share of total exports. Moreover, hand tools exports to Iran exceeded the volume sent to the second major destination, Oman (X tonnes), threefold. Turkmenistan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Iran stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Turkmenistan (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Tanzania (+X% per year).

Export Prices by Country

In 2018, the average hand tools export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the hand tools export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2009 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for hand tools attained their maximum at $X per tonne in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Tanzania ($X per tonne), while the average price for exports to Angola ($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 Libya, while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into the United Arab Emirates

In 2018, the hand tools imports into the United Arab Emirates totaled X tonnes, lowering by -X% against the previous year. In general, hand tools imports continue to indicate a deep shrinkage. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, hand tools imports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, hand tools imports amounted to $X in 2018. Over the period under review, hand tools imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hand tools to the United Arab Emirates, with a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), fourfold. The third position in this ranking was occupied by Taiwan, Chinese (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Taiwan, Chinese (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-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, waning by -X% against the previous year. In general, the import price indicated a tangible 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. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform