Saudi Arabia: Metal Hammer Market 2025

Metal Hammer Market Size in Saudi Arabia

In 2022, after three years of growth, there was significant decline in the Saudi metal hammer market, when its value decreased by 99.9% to less than $X. In general, consumption, however, showed a pronounced decrease. Metal hammer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Hammer Production in Saudi Arabia

In value terms, metal hammer production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Metal Hammer Exports

Exports from Saudi Arabia

In 2022, the amount of hammers and sledge hammers with working part of metal exported from Saudi Arabia reached X tons, with an increase of 3.8% compared with the previous year. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 7,148%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal hammer exports reached $X in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of 9,861% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for metal hammer exports from Saudi Arabia, accounting for a 47% share of total exports. Moreover, metal hammer exports to Bahrain exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to -29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.1% per year) and Turkey (0.0% per year).

In value terms, Bahrain ($X), Turkey ($X) and India ($X) were the largest markets for metal hammer exported from Saudi Arabia worldwide, together comprising 81% of total exports. The Netherlands and Austria lagged somewhat behind, together comprising a further 8.3%.

In terms of the main countries of destination, Austria, with a CAGR of +18.2%, 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 mixed trend patterns.

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, increasing by 8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of hammers and sledge hammers with working part of metal, when their volume decreased by -16.1% to X tons. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hammer imports totaled $X in 2021. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal hammer supplier to Saudi Arabia, with a 65% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+1.4% per year) and India (-5.4% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Saudi Arabia, comprising 47% of total imports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total imports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.7% per year) and South Korea (+8.2% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2021, growing by 25% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hammer import price decreased by -4.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 29%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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