Middle East: Hand Saw Market 2024

Hand Saw Market Size in the Middle East

In 2022, the Middle Eastern hand saw market decreased by -9.3% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Hand Saw Production in the Middle East

In value terms, hand saw production expanded remarkably to $X in 2022 estimated in export price. In general, production showed buoyant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 562%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hand Saw Exports

Exports in the Middle East

In 2022, the amount of hand saws exported in the Middle East rose to X tons, growing by 1.8% against 2021. Overall, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2014 when exports increased by 154%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand saw exports rose notably to $X in 2022. In general, exports, however, showed a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) dominates exports structure, together achieving 90% of total exports. Israel (X tons), Saudi Arabia (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hand saw supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 94% share of total exports. Lebanon and Saudi Arabia lagged somewhat behind, together comprising a further 3.6%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +30.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by 5.3% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the export price increased by 30%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Hand Saw Imports

Imports in the Middle East

After three years of growth, supplies from abroad of hand saws decreased by -18.5% to X tons in 2022. Overall, imports showed a perceptible slump. The pace of growth was the most pronounced in 2020 when imports increased by 25%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hand saw imports reduced remarkably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Turkey (X tons), Yemen (X tons) and Iran (X tons) represented the major importers of hand saws, together mixing up 83% of total imports. The following importers - Oman (X tons) and Israel (X tons) - each resulted at an 8.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hand saws in the Middle East, comprising 40% of total imports. The second position in the ranking was taken by Iraq ($X), with an 18% share of total imports. It was followed by Turkey, with an 8.4% share.

In the United Arab Emirates, hand saw imports expanded at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (+11.3% per year) and Turkey (-6.9% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2015 an increase of 28%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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