Middle East: Hedge Shear Market 2025

Hedge Shear Market Size in the Middle East

After three years of growth, the Middle Eastern hedge shear market decreased by -4.5% to $X in 2021. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.3% against 2017 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Hedge Shear Production in the Middle East

In value terms, hedge shear production dropped to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Hedge Shear Exports

Exports in the Middle East

In 2021, shipments abroad of hedge shears and two-handed pruning shears was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 284% 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, hedge shear exports surged to $X in 2021. Overall, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 133% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) was the main exporter of hedge shears and two-handed pruning shears, making up 59% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 29% share, followed by Oman (6.8%). Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to hedge shear exports from Turkey stood at +2.8%. At the same time, Oman (+39.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +39.6% from 2012-2021. By contrast, the United Arab Emirates (-13.5%) and Israel (-14.2%) illustrated a downward trend over the same period. While the share of Turkey (+32 p.p.) and Oman (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-4.3 p.p.) and the United Arab Emirates (-33.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) emerged as the largest hedge shear supplier in the Middle East, comprising 63% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Israel, with an 8.9% share.

In Turkey, hedge shear exports contracted by an average annual rate of -2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.7% per year) and Israel (-11.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 63% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hedge shear export price increased by +67.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 93% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($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 (+16.4%), while the other leaders experienced mixed trends in the export price figures.

Hedge Shear Imports

Imports in the Middle East

In 2021, overseas purchases of hedge shears and two-handed pruning shears increased by 121% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hedge shear imports soared to $X in 2021. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main importer of hedge shears and two-handed pruning shears, making up 49% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 20% share, followed by Iraq (10%) and Israel (7.7%). The following importers - Iran (X tons), Yemen (X tons) and Qatar (X tons) - together made up 8.8% of total imports.

Turkey was also the fastest-growing in terms of the hedge shears and two-handed pruning shears imports, with a CAGR of +27.2% from 2012 to 2021. At the same time, Qatar (+16.4%), the United Arab Emirates (+9.0%) and Iraq (+3.9%) displayed positive paces of growth. Israel and Yemen experienced a relatively flat trend pattern. By contrast, Iran (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates and Qatar increased by +38, +1.9 and +1.7 percentage points, respectively.

In value terms, the largest hedge shear importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 79% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +22.1%, saw the highest growth rate of 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 the Middle East stood at $X per ton in 2021, waning by -12.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2015 when the import price increased by 24%. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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