United Arab Emirates: Hand Tools Market Overview 2021

Hand Tools Market Size in the United Arab Emirates

After four years of decline, the hand tools market in the United Arab Emirates increased by X% to $X in 2019. In general, consumption, however, recorded a mild descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Hand Tools Exports

Exports from the United Arab Emirates

In 2019, after two years of growth, there was significant decline in shipments abroad of hand tools, when their volume decreased by -X% to X tonnes. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

In value terms, hand tools exports dropped markedly to $X in 2019. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Zambia (X tonnes), Ghana (X tonnes) and India (X tonnes) were the main destinations of hand tools exports from the United Arab Emirates, with a combined X% share of total exports. Saudi Arabia, Seychelles, Comoros, Madagascar, Congo, Senegal, Greece, Cote d'Ivoire, Rwanda and France lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Madagascar (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from the United Arab Emirates were India ($X), Saudi Arabia ($X) and Cote d'Ivoire ($X), together comprising X% of total exports. These countries were followed by Seychelles, Zambia, Ghana, France, Rwanda, Madagascar, Comoros, Congo, Senegal and Greece, which together accounted for a further X terms of the main countries of destination, Madagascar (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand tools export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, export price indicated a tangible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hand tools export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Cote d'Ivoire ($X per tonne), while the average price for exports to Greece ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire, while the prices for the other major destinations experienced mixed trend patterns.

Hand Tools Imports

Imports into the United Arab Emirates

In 2019, purchases abroad of hand tools was finally on the rise to reach X tonnes after four years of decline. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, hand tools imports expanded markedly to $X in 2019. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of hand tools to the United Arab Emirates, accounting for a X% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), fivefold. The third position in this ranking was occupied by Taiwan (Chinese) (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at -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 ($X) constituted the largest supplier of hand tools to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China was relatively modest. 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 2019, the average hand tools import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, import price indicated prominent growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hand tools import price increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?

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The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), together comprising 35% of global consumption. Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia lagged somewhat behind, together comprising a further 25%.

What are the largest producers of hand tools in the world?

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China (1.7M tonnes) constituted the country with the largest volume of hand tools production, accounting for 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. The third position in this ranking was occupied by Italy (115K tonnes), with a 4.3% share.

What are the leading suppliers of hand tools to the United Arab Emirates?

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In value terms, China ($79M) constituted the largest supplier of hand tools to the United Arab Emirates, comprising 42% of total imports. The second position in the ranking was occupied by India ($28M), with a 15% share of total imports. It was followed by Germany, with a 10% share.

What are the leading importers of hand tools from the United Arab Emirates?

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In value terms, India ($1.5M), Saudi Arabia ($1.2M) and Cote d'Ivoire ($925K) appeared to be the largest markets for hand tools exported from the United Arab Emirates worldwide, with a combined 33% share of total exports. These countries were followed by Seychelles, Zambia, Ghana, France, Rwanda, Madagascar, Comoros, Congo, Senegal and Greece, which together accounted for a further 18%.

What is the average export price for hand tools in the United Arab Emirates?

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In 2019, the average hand tools export price amounted to $4,461 per tonne, growing by 24% against the previous year.

What is the average import price for hand tools in the United Arab Emirates?

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In 2019, the average hand tools import price amounted to $7,212 per tonne, reducing by -14.7% against the previous year.