GCC: Power Tool Market 2025

Power Tool Market Size in GCC

The GCC power tool market fell to $X in 2021, approximately equating the previous year. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -34.6% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Power Tool Production in GCC

In value terms, power tool production contracted to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -31.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 92%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Power Tool Exports

Exports in GCC

After two years of decline, overseas shipments of power tools increased by 52% to X units in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 156% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports soared to $X in 2021. Over the period under review, exports, however, recorded a mild slump. The growth pace was the most rapid in 2017 with an increase of 321%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) represented roughly 99% of total exports in 2021.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of power tools. While the share of the United Arab Emirates (+2.8 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) also remains the largest power tool supplier in GCC.

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

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, with a decrease of -11.2% against the previous year. Overall, the export price showed a slight slump. The growth pace was the most rapid in 2017 an increase of 64% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.2% per year.

Power Tool Imports

Imports in GCC

In 2021, purchases abroad of power tools increased by 36% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, power tool imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2017 when imports increased by 41%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main importer of power tools, committing 69% of total imports. Qatar (X units) ranks second in terms of the total imports with a 12% share, followed by Kuwait (7.7%) and Bahrain (7.2%). Oman (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of -3.9% from 2012 to 2021. At the same time, Oman (+53.8%), Bahrain (+12.6%) and Kuwait (+2.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +53.8% from 2012-2021. By contrast, Qatar (-9.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bahrain, Oman and Kuwait increased by +5.4, +3.4 and +3.1 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported power tools in GCC, comprising 62% of total imports. The second position in the ranking was held by Qatar ($X), with a 7.6% share of total imports. It was followed by Kuwait, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -4.1%. In the other countries, the average annual rates were as follows: Qatar (+4.0% per year) and Kuwait (-2.0% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, picking up by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the import price increased by 27%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+15.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform