Saudi Arabia: Hedge Shear Market 2025

Hedge Shear Market Size in Saudi Arabia

The Saudi hedge shear market dropped notably to $X in 2021, reducing by -20.2% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.9% against 2019 indices. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Hedge Shear Production in Saudi Arabia

In value terms, hedge shear production fell notably to $X in 2021 estimated in export price. Overall, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by 114%. Over the period under review, production hit record highs at $X in 2020, and then shrank dramatically in the following year.

Hedge Shear Exports

Exports from Saudi Arabia

Hedge shear exports from Saudi Arabia contracted to X kg in 2021, stabilizing at the previous year. Over the period under review, exports saw a abrupt downturn. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hedge shear exports contracted to $X in 2021. In general, exports faced a abrupt downturn. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Somalia (X kg) was the main destination for hedge shear exports from Saudi Arabia, accounting for a 96% share of total exports. It was followed by Egypt (X kg), with a 2.9% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to Somalia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Switzerland (-75.0% per year).

In value terms, Egypt ($X) emerged as the key foreign market for hedge shears and two-handed pruning shears exports from Saudi Arabia, comprising 67% of total exports. The second position in the ranking was taken by Somalia ($X), with a 22% share of total exports.

From 2016 to 2021, the average annual growth rate of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (0.0% per year) and Switzerland (+73.9% per year).

Export Prices by Country

In 2021, the average hedge shear export price amounted to $X per ton, shrinking by -6.2% against the previous year. Overall, the export price saw a abrupt slump. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+593.1%).

Hedge Shear Imports

Imports into Saudi Arabia

Hedge shear imports into Saudi Arabia skyrocketed to X tons in 2014, increasing by 83% on the year before. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hedge shear imports skyrocketed to $X in 2014. Overall, total imports indicated significant growth from 2012 to 2014: its value increased at an average annual rate of +25.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2014, China (X tons) constituted the largest supplier of hedge shear to Saudi Arabia, accounting for a approx. 88% share of total imports.

From 2012 to 2014, the average annual rate of growth in terms of volume from China totaled +38.3%.

In value terms, China ($X) constituted the largest supplier of hedge shears and two-handed pruning shears to Saudi Arabia.

From 2012 to 2014, the average annual rate of growth in terms of value from China stood at +29.0%.

Import Prices by Country

The average hedge shear import price stood at $X per ton in 2014, with a decrease of -12.3% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -5.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2014, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2014, the rate of growth in terms of prices for China amounted to -0.4% per year.

Source: IndexBox Platform

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