GCC: Hedge Shear Market 2025

Hedge Shear Market Size in GCC

The GCC hedge shear market contracted notably to $X in 2021, with a decrease of -15.8% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.9% against 2019 indices. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Hedge Shear Production in GCC

In value terms, hedge shear production fell notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 117%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

Hedge Shear Exports

Exports in GCC

Hedge shear exports declined rapidly to X tons in 2021, which is down by -42.8% on 2020 figures. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 460%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hedge shear exports dropped to $X in 2021. In general, exports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 615%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporter of hedge shears and two-handed pruning shears in GCC, with the volume of exports finishing at X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Oman (X tons), creating a 19% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -13.5% from 2012 to 2021. At the same time, Oman (+39.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +39.6% from 2012-2021. Oman (+18 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -19.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest hedge shear supplier in GCC, comprising 79% of total exports. The second position in the ranking was held by Oman ($X), with a 17% share of total exports.

In the United Arab Emirates, hedge shear exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, rising by 61% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 92%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.4%).

Hedge Shear Imports

Imports in GCC

Hedge shear imports soared to X tons in 2021, jumping by 128% compared with the year before. Over the period under review, imports continue to indicate a slight increase. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hedge shear imports skyrocketed to $X in 2021. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was approx. 84% of total imports in 2021. Qatar (X tons) held the second position in the ranking, followed by Oman (X tons). All these countries together took near 12% share of total imports. The following importers - Kuwait (X tons) and Bahrain (X tons) - together made up 4.2% of total imports.

From 2012 to 2021, average annual rates of growth with regard to hedge shear imports into the United Arab Emirates stood at +9.0%. At the same time, Qatar (+16.4%), Oman (+7.8%) and Bahrain (+5.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.4% from 2012-2021. By contrast, Kuwait (-6.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Qatar and Oman increased by +42, +7.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hedge shears and two-handed pruning shears in GCC, comprising 87% of total imports. The second position in the ranking was taken by Qatar ($X), with a 5.9% share of total imports. It was followed by Oman, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +12.9%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+16.7% per year) and Oman (-0.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, waning by -12.1% against the previous year. Over the period under review, the import price, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 when the import price increased by 121% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while Oman ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform