GCC: Spades And Shovels Market 2025

Spades And Shovels Market Size in GCC

In 2021, the GCC spades and shovels market decreased by -0.8% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, leveling off in the following year.

Spades And Shovels Production in GCC

In value terms, spades and shovels production contracted slightly to $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 262% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Spades And Shovels Exports

Exports in GCC

In 2021, overseas shipments of spades and shovels decreased by -30% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 123% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, spades and shovels exports reduced markedly to $X in 2021. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 195% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X tons, which accounted for 75% of total exports. It was distantly followed by Oman (X tons), constituting a 24% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -7.8% from 2012 to 2021. At the same time, Oman (+28.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +28.2% from 2012-2021. From 2012 to 2021, the share of Oman increased by +23 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest spades and shovels supplier in GCC, comprising 79% of total exports. The second position in the ranking was taken by Oman ($X), with a 20% share of total exports.

In the United Arab Emirates, spades and shovels exports contracted by an average annual rate of -6.4% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, waning by -19% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2015 when the export price increased by 32% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%).

Spades And Shovels Imports

Imports in GCC

In 2021, purchases abroad of spades and shovels decreased by -9.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 45%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, spades and shovels imports soared to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.2% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates imports structure, together making up 81% of total imports. It was distantly followed by Oman (X tons), mixing up an 8.8% share of total imports. The following importers - Kuwait (X tons), Qatar (X tons) and Bahrain (X tons) - together made up 9.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +4.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spades and shovels importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 93% share of total imports.

Saudi Arabia, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, surging by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform