United Arab Emirates: Household Hand Tools Market 2024

Household Hand Tools Market Size in the United Arab Emirates

In 2021, the household hand tools market in the United Arab Emirates increased by 59% to $X, rising for the third consecutive year after four years of decline. In general, consumption posted resilient growth. Household hand tools consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Household Hand Tools Exports

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in shipments abroad of household hand tools, when their volume increased by 83% to X tons. In general, exports enjoyed a tangible increase. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 88% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for household hand tools exports from the United Arab Emirates, accounting for a 53% share of total exports. Moreover, household hand tools exports to Oman exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. Botswana (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+34.5% per year) and Botswana (+50.3% per year).

In value terms, Oman ($X) remains the key foreign market for household hand tools exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was held by Maldives ($X), with a 7.1% share of total exports. It was followed by Nigeria, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+12.7% per year) and Nigeria (+35.4% per year).

Export Prices by Country

In 2021, the average household hand tools export price amounted to $X per ton, falling by -22.4% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 104% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Tanzania ($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 Mauritania (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of household hand tools were imported into the United Arab Emirates; jumping by 52% on 2020 figures. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, household hand tools imports skyrocketed to $X in 2021. In general, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main household hand tools supplier to the United Arab Emirates, with a 91% share of total imports. It was followed by Hong Kong SAR (X tons), with a 1.7% share of total imports. India (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-12.2% per year) and India (-22.4% per year).

In value terms, China ($X) constituted the largest supplier of household hand tools to the United Arab Emirates, comprising 83% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 4.3% share of total imports. It was followed by India, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-6.9% per year) and India (-22.1% per year).

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2021, rising by 6.8% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household hand tools import price increased by +8.0% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 30%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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