Middle East: Household Hand Tools Market 2025

Household Hand Tools Market Size in the Middle East

The Middle Eastern household hand tools market skyrocketed to $X in 2021, jumping by 69% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Household Hand Tools Production in the Middle East

In value terms, household hand tools production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 59%. The level of production peaked at $X in 2020, and then reduced in the following year.

Household Hand Tools Exports

Exports in the Middle East

Household hand tools exports contracted markedly to X tons in 2021, which is down by -67.4% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 311% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, household hand tools exports skyrocketed to $X in 2021. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the major exporter of household hand tools in the Middle East, with the volume of exports recording X tons, which was near 57% of total exports in 2021. Saudi Arabia (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (10%). Oman (X tons) and Iran (X tons) held a little share of total exports.

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%), 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 the Middle East, with a CAGR of +59.9% from 2012-2021. Saudi Arabia (+24 p.p.) and Turkey (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -13.6% from 2012 to 2021, 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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 92% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +41.5%, recorded the highest rates of growth with regard to 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

The export price in the Middle East stood at $X per ton in 2021, rising by 305% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. 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 mixed trends in the export price figures.

Household Hand Tools Imports

Imports in the Middle East

In 2021, overseas purchases of household hand tools increased by 6.1% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, recorded a slight descent. The pace of growth appeared the most rapid in 2019 when imports increased by 39%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, household hand tools imports skyrocketed to $X in 2021. Overall, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), Turkey (X tons) and Iraq (X tons) was the major importer of household hand tools in the Middle East, constituting 66% of total import. It was distantly followed by Saudi Arabia (X tons), Iran (X tons) and Israel (X tons), together achieving a 20% share of total imports. Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +3.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported household hand tools in the Middle East, comprising 37% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +8.1%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+10.1% per year) and Turkey (+0.6% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain 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

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