United Arab Emirates: Power Tool Market 2024

Power Tool Market Size in the United Arab Emirates

The power tool market in the United Arab Emirates dropped to $X in 2021, shrinking by -6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep setback. Power tool consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Power Tool Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of power tools were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 147% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 332%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for power tool exports from the United Arab Emirates, with a 22% share of total exports. Moreover, power tool exports to India exceeded the volume sent to the second major destination, Oman (X units), fourfold. Maldives (X units) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+6.3% per year) and Maldives (+7.9% per year).

In value terms, Oman ($X), India ($X) and Nigeria ($X) constituted the largest markets for power tool exported from the United Arab Emirates worldwide, together accounting for 12% of total exports.

India, with a CAGR of +51.4%, recorded 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

In 2021, the average power tool export price amounted to $X per unit, with a decrease of -11.8% against the previous year. Over the period under review, the export price saw a slight contraction. The growth pace was the most rapid in 2017 an increase of 75%. The export price peaked at $X per unit in 2015; however, from 2016 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 Nigeria ($X per unit), while the average price for exports to Tanzania ($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 Iran (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of power tools were finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 91%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, power tool imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 83%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of power tool to the United Arab Emirates, with a 285% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+140.3% per year) and Germany (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of power tools to the United Arab Emirates, comprising 80% of total imports. The second position in the ranking was held by Germany ($X), with a 7.3% share of total imports. It was followed by Malaysia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and Malaysia (+189.3% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, increasing by 6.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 77%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :