Middle East: Hand Tools Market 2020

Hand Tools Market Size in Middle East

The revenue of the hand tools market in Middle East amounted to $X in 2017, waning by -X% against the previous year. The hand tools consumption continues to indicate a deep downturn. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. Over the period under review, the hand tools market reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Hand Tools Production in Middle East

In 2017, approx. X units of pneumatic tools for working in the hand were produced in Middle East; approximately equating the previous year. The hand tools production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. Over the period under review, the hand tools production attained its peak figure volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Hand Tools Exports in Middle East

In 2017, approx. X units of pneumatic tools for working in the hand were exported in Middle East; coming up by X% against the previous year. The hand tools exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the hand tools exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, hand tools exports stood at $X in 2017. The hand tools exports continue to indicate a deep decrease. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Hand Tools Exports by Country in Middle East

Turkey was the key exporter of pneumatic tools for working in the hand in Middle East, with the volume of exports reaching X units, which was near X% of total exports in 2017. It was distantly followed by the United Arab Emirates (X units), making up X% share of total exports. Saudi Arabia (X units) occupied the weak share of total exports.

Turkey was also the fastest growing in terms of the pneumatic tools for working in the hand exports, with a CAGR of +X% from 2007 to 2017. At the same time, Saudi Arabia (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Saudi Arabia, the United Arab Emirates and Turkey decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest hand tools supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. It was followed by Turkey, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the United Arab Emirates totaled -X%. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and Turkey (-X% per year).

Hand Tools Export Prices by Country in Middle East

The hand tools export price in Middle East stood at $X per unit in 2017, waning by -X% against the previous year. The hand tools export price continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% against the previous year. Over the period under review, the export prices for pneumatic tools for working in the hand attained its maximum level of $X thousand per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Saudi Arabia ($X thousand per unit), while Turkey ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (-X% per year), while the other leaders experienced a decline in the export price figures.

Hand Tools Imports in Middle East

The imports stood at X units in 2017, jumping by X% against the previous year. The hand tools imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014, when imports increased by X% year-to-year. The volume of imports peaked of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, hand tools imports stood at $X in 2017. The hand tools imports continue to indicate a mild expansion. In that year, the hand tools imports reached their peak level of $X. From 2015 to 2017, growth of the hand tools imports stood at a somewhat lower level.

Hand Tools Imports by Country in Middle East

Saudi Arabia dominates hand tools imports structure, finishing at X units, which was approx. X% of total imports in 2017. It was distantly followed by the United Arab Emirates (X units), achieving X% share of total imports. Turkey (X units) and Qatar (X units) followed a long way behind the leaders.

Saudi Arabia was also the fastest growing in terms of the pneumatic tools for working in the hand imports, with a CAGR of +X% from 2007 to 2017. At the same time, Qatar (+X%), Turkey (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Qatar and Saudi Arabia decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported pneumatic tools for working in the hand in Middle East, making up X% of global imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Saudi Arabia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the United Arab Emirates (-X% per year).

Hand Tools Import Prices by Country in Middle East

In 2017, the hand tools import price in Middle East amounted to $X per unit, lowering by -X% against the previous year. The hand tools import price continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2013, when the import prices increased by X% against the previous year. The level of import price peaked of $X per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform