Report Update Nov 1, 2024

Saudi Arabia - Power Tools - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Power Tool Market 2024

Power Tool Market Size in Saudi Arabia

The Saudi power tool market dropped modestly to $X in 2021, with a decrease of -4.2% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -30.6% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Power Tool Production in Saudi Arabia

In value terms, power tool production reduced to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 decreased by -31.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 92% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Power Tool Exports

Exports from Saudi Arabia

In 2021, after three years of decline, there was significant decline in overseas shipments of power tools, when their volume decreased by -75.6% to X units. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 6,266%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, power tool exports surged to $X in 2021. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 169%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Bahrain (X units) and Sudan (X units) were the main destinations of power tool exports from Saudi Arabia, together comprising 35% of total exports. These countries were followed by Oman, Kenya, Turkey, Italy and Malaysia, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +50.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Malaysia ($X) and Italy ($X) appeared to be the largest markets for power tool exported from Saudi Arabia worldwide, with a combined 38% share of total exports. The United Arab Emirates, Bahrain, Oman, Turkey and Kenya lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Oman, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, jumping by 637% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2016 an increase of 15,322% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Saudi Arabia

Power tool imports into Saudi Arabia stood at less than X units in 2021, therefore, remained relatively stable against the previous year. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, power tool imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?

The countries with the highest volumes of power tool consumption in 2020 were China, United States and Russia, with a combined 47% share of global consumption. These countries were followed by Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy, which together accounted for a further 27%.

What are the largest producers of power tools in the world?

China constituted the country with the largest volume of power tool production, accounting for 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. Russia ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of power tools to Saudi Arabia?

In value terms, the largest power tool suppliers to Saudi Arabia were China, Germany and Japan, with a combined 73% share of total imports. Austria, Switzerland, Hungary and United States lagged somewhat behind, together comprising a further 18%.

What are the leading importers of power tools from Saudi Arabia?

In value terms, United States emerged as the key foreign market for power tool exports from Saudi Arabia, comprising 50% of total exports. The second position in the ranking was occupied by Germany, with a 17% share of total exports. It was followed by Canada, with a 7.7% share.

What is the average export price for power tools in Saudi Arabia?

In 2020, the average power tool export price amounted to $112 per unit, surging by 10% against the previous year.

What is the average import price for power tools in Saudi Arabia?

The average power tool import price stood at $52 per unit in 2010, with a decrease of -7.1% against the previous year.

This report provides an in-depth analysis of the power tool market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
Prodcom 28241123 - Electromechanical chainsaws
Prodcom 28241125 - Electromechanical circular saws
Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
Prodcom 28241133 -
Prodcom 28241135 -
Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
Prodcom 28241190 -

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023