MENA: Hand Tools Market 2025

Hand Tools Market Size in MENA

The MENA's hand tools market was estimated at $X in 2021, standing approx. at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Hand Tools Production in MENA

In value terms, hand tools production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27%. As a result, production attained the peak level of $X, and then dropped in the following year.

Hand Tools Exports

Exports in MENA

Hand tools exports soared to X tons in 2021, jumping by 40% compared with the previous year. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools exports surged to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the major exporter of hand tools, generating 69% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up an 18% share of total exports. Lebanon (X tons), Israel (X tons) and Palestine (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the hand tools exports, with a CAGR of +9.8% from 2012 to 2021. At the same time, Palestine (+7.7%) and Lebanon (+2.0%) displayed positive paces of growth. By contrast, the United Arab Emirates (-2.2%) and Israel (-2.5%) illustrated a downward trend over the same period. While the share of Turkey (+25 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-2.3 p.p.) and the United Arab Emirates (-14.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hand tools supplier in MENA, comprising 62% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +8.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+2.5% per year) and Israel (-0.9% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Hand Tools Imports

Imports in MENA

In 2021, hand tools imports in MENA expanded markedly to X tons, increasing by 6% against the previous year's figure. In general, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 9.4% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hand tools imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of hand tools, namely the United Arab Emirates, Saudi Arabia and Iraq, represented more than third of total import. Turkey (X tons) held the next position in the ranking, followed by Algeria (X tons). All these countries together took approx. 15% share of total imports. The following importers - Egypt (X tons), Morocco (X tons), Iran (X tons), Yemen (X tons), Israel (X tons), Jordan (X tons), Libya (X tons) and Qatar (X tons) - together made up 27% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 49% of total imports. Iraq, Israel, Algeria, Iran, Morocco, Egypt, Libya, Qatar, Yemen and Jordan lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Iraq, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of imports, 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 MENA stood at $X per ton in 2021, surging by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, import price attained 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 Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform