GCC: Clasp Knife Market 2025

Clasp Knife Market Size in GCC

In 2022, the GCC clasp knife market increased by 1.2% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.5% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Clasp Knife Production in GCC

In value terms, clasp knife production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a mild expansion. The growth pace was the most rapid in 2017 when the production volume increased by 139% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Clasp Knife Exports

Exports in GCC

After four years of decline, shipments abroad of clasp knives increased by 41% to X units in 2022. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 627% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clasp knife exports skyrocketed to $X in 2022. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 218% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the largest exporter of clasp knives in GCC, with the volume of exports recording X units, which was near 57% of total exports in 2022. Oman (X units) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (8.3%) and Kuwait (5.5%). Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to clasp knife exports from the United Arab Emirates stood at +9.8%. At the same time, Oman (+28.9%), Saudi Arabia (+20.6%) and Bahrain (+12.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +28.9% from 2012-2022. Kuwait experienced a relatively flat trend pattern. Oman (+20 p.p.) and Saudi Arabia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Kuwait saw its share reduced by -9.8% and -12.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest clasp knife supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by Oman ($X), with a 14% share of total exports. It was followed by Bahrain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +6.5%. In the other countries, the average annual rates were as follows: Oman (+13.8% per year) and Bahrain (+13.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by -16.7% against the previous year. Over the period under review, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2020 when the export price increased by 69%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+6.0%), while the other leaders experienced more modest paces of growth.

Clasp Knife Imports

Imports in GCC

In 2022, imports of clasp knives in GCC shrank remarkably to X units, with a decrease of -18.4% on the previous year's figure. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, clasp knife imports fell rapidly to $X in 2022. Over the period under review, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 214% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X units, which resulted at 65% of total imports. Kuwait (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (10%), Oman (6.8%) and Bahrain (4.9%).

Imports into the United Arab Emirates decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Qatar (+56.0%), Kuwait (+14.0%) and Oman (+3.6%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +56.0% from 2012-2022. By contrast, Bahrain (-3.3%) illustrated a downward trend over the same period. While the share of Qatar (+9.9 p.p.) and Kuwait (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-2.8 p.p.) and the United Arab Emirates (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported clasp knives in GCC, comprising 73% of total imports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total imports. It was followed by Qatar, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +2.7%. In the other countries, the average annual rates were as follows: Kuwait (+16.1% per year) and Qatar (+18.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, declining by -40% against the previous year. In general, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 127%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while Oman ($X per unit) 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 (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform