Saudi Arabia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Saudi Arabia

After three years of growth, the Saudi market for pneumatic or hydraulic hand tools decreased by -27.3% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Pneumatic or hydraulic hand tool consumption peaked at $X in 2020, and then fell significantly in the following year.

Production of Pneumatic Or Hydraulic Hand Tools in Saudi Arabia

In value terms, pneumatic or hydraulic hand tool production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Saudi Arabia

In 2021, overseas shipments of pneumatic or hydraulic hand tools decreased by -3% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 121%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped slightly in the following year.

In value terms, pneumatic or hydraulic hand tool exports rose remarkably to $X in 2021. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 72%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bahrain (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Saudi Arabia, accounting for a 35% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Bahrain exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Kenya (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+58.9% per year) and Kenya (+248.3% per year).

In value terms, Bahrain ($X), China ($X) and Sudan ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from Saudi Arabia worldwide, with a combined 75% share of total exports. These countries were followed by Kenya, Senegal, the UK, Egypt, Kuwait, Jordan and Lebanon, which together accounted for a further 12%.

Kenya, with a CAGR of +241.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 112% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Saudi Arabia

Pneumatic or hydraulic hand tool imports into Saudi Arabia shrank sharply to X tons in 2021, declining by -45.4% compared with the previous year's figure. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 28%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool imports fell notably to $X in 2021. Over the period under review, imports saw a dramatic decline. The growth pace was the most rapid in 2014 when imports increased by 67% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Saudi Arabia, accounting for a 55% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.5% per year) and the Netherlands (-3.6% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Saudi Arabia, comprising 40% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.8% per year) and South Korea (-10.0% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, dropping by -26% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2014 an increase of 53%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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