GCC: Metal Hammer Market 2025

Metal Hammer Market Size in GCC

The GCC metal hammer market shrank notably to $X in 2022, dropping by -50.3% against the previous year. Over the period under review, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Metal Hammer Production in GCC

In value terms, metal hammer production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Metal Hammer Exports

Exports in GCC

After two years of decline, overseas shipments of hammers and sledge hammers with working part of metal increased by 28% to X tons in 2022. Over the period under review, exports posted notable growth. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hammer exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of around X tons, which resulted at 55% of total exports. Bahrain (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together took approx. 42% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +30.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal hammer supplying countries in GCC were the United Arab Emirates ($X), Bahrain ($X) and Oman ($X), together comprising 94% of total exports. Saudi Arabia lagged somewhat behind, comprising a further 4%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +27.4%, 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

In 2022, the export price in GCC amounted to $X per ton, which is down by -3.7% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 52% against the previous year. The level of export peaked 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 Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+12.2%), while the other leaders experienced a decline in the export price figures.

Metal Hammer Imports

Imports in GCC

In 2022, approx. X tons of hammers and sledge hammers with working part of metal were imported in GCC; which is down by -46.7% on the previous year's figure. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, metal hammer imports declined dramatically to $X in 2022. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X tons, which was near 73% of total imports in 2022. Oman (X tons) ranks second in terms of the total imports with a 9.7% share, followed by Qatar (8.1%) and Kuwait (5.5%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal hammer imports into the United Arab Emirates stood at -7.9%. Qatar (-2.4%), Oman (-8.9%), Kuwait (-10.0%) and Bahrain (-10.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+29 p.p.), Qatar (+5.4 p.p.) and Oman (+3.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hammers and sledge hammers with working part of metal in GCC, comprising 76% of total imports. The second position in the ranking was taken by Oman ($X), with a 9% share of total imports. It was followed by Qatar, with a 6.5% share.

In the United Arab Emirates, metal hammer imports decreased by an average annual rate of -3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-9.1% per year) and Qatar (-4.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 3.7% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer import price decreased by -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 32%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while Qatar ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform