MENA: Spades And Shovels Market 2025

Spades And Shovels Market Size in MENA

In 2021, after two years of growth, there was significant decline in the MENA's spades and shovels market, when its value decreased by -26% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then reduced sharply in the following year.

Spades And Shovels Production in MENA

In value terms, spades and shovels production skyrocketed to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Spades And Shovels Exports

Exports in MENA

In 2021, overseas shipments of spades and shovels decreased by -30.1% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of 103% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, spades and shovels exports dropped notably to $X in 2021. In general, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of 146%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) and Turkey (X tons) represented the major exporters of spades and shovels in MENA, together finishing at near 77% of total exports. Oman (X tons) took the next position in the ranking, distantly followed by Iran (X tons). All these countries together held near 18% share of total exports. Tunisia (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +35.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest spades and shovels supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 87% share of total exports. Iran and Tunisia lagged somewhat behind, together comprising a further 7.3%.

Iran, with a CAGR of +41.1%, 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

The export price in MENA stood at $X per ton in 2021, picking up by 1.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+4.0%), while the other leaders experienced more modest paces of growth.

Spades And Shovels Imports

Imports in MENA

In 2021, purchases abroad of spades and shovels decreased by -23.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 50%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, spades and shovels imports dropped to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.5% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2020, and then shrank in the following year.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iraq (X tons) represented roughly 56% of total imports in 2021. Iran (X tons) held the next position in the ranking, followed by Libya (X tons) and Djibouti (X tons). All these countries together held approx. 19% share of total imports. Yemen (X tons), Oman (X tons), Algeria (X tons), Morocco (X tons), Israel (X tons), Kuwait (X tons) and Qatar (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spades and shovels importing markets in MENA were Iraq ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 57% share of total imports.

Iraq, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, in terms of 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 MENA stood at $X per ton in 2021, surging by 17% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spades and shovels import price increased by +63.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 33% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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 Iraq ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform