MENA: Household Hand Tools Market 2025

Household Hand Tools Market Size in MENA

The MENA's household hand tools market skyrocketed to $X in 2021, rising by 60% against the previous year. In general, consumption saw mild growth. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Household Hand Tools Production in MENA

In value terms, household hand tools production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 59%. Over the period under review, production reached the peak level at $X in 2020, and then reduced slightly in the following year.

Household Hand Tools Exports

Exports in MENA

In 2021, exports of household hand tools in MENA shrank rapidly to X tons, waning by -64.7% compared with the previous year. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 292% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, household hand tools exports soared to $X in 2021. In general, exports, however, showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of around X tons, which resulted at 52% of total exports. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons) and Morocco (X tons), together generating a 41% share of total exports. Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to household hand tools exports from Turkey stood at +15.4%. At the same time, Saudi Arabia (+59.9%), Morocco (+58.2%), Oman (+12.1%), Iran (+7.1%) and the United Arab Emirates (+4.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +59.9% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia and Morocco increased by +22 and +7.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest household hand tools supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 82% share of total exports. Morocco, Oman and Iran lagged somewhat behind, together accounting for a further 13%.

Morocco, with a CAGR of +64.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 310% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 the United Arab Emirates ($X per ton), while Oman ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Household Hand Tools Imports

Imports in MENA

Household hand tools imports expanded rapidly to X tons in 2021, with an increase of 12% on 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, household hand tools imports soared to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +65.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons), Turkey (X tons), Iraq (X tons), Algeria (X tons), Saudi Arabia (X tons), Egypt (X tons), Iran (X tons), Israel (X tons), Morocco (X tons), Libya (X tons), Djibouti (X tons) and Yemen (X tons) was the key importer of household hand tools in MENA, constituting 90% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Egypt (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported household hand tools in MENA, comprising 26% of total imports. The second position in the ranking was taken by Egypt ($X), with an 11% share of total imports. It was followed by Iraq, with a 9.9% share.

In the United Arab Emirates, household hand tools imports expanded at an average annual rate of +8.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+15.0% per year) and Iraq (+10.1% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2015 when the import price increased by 15%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform