United Arab Emirates: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in the United Arab Emirates

The market for pneumatic or hydraulic hand tools in the United Arab Emirates skyrocketed to $X in 2021, jumping by 23% against the previous year. Overall, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 +50.7% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in the United Arab Emirates

In value terms, pneumatic or hydraulic hand tool production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from the United Arab Emirates

In 2021, overseas shipments of pneumatic or hydraulic hand tools increased by 26% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 219% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Oman (X tons) was the main destination for pneumatic or hydraulic hand tool exports from the United Arab Emirates, accounting for a 44% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Oman exceeded the volume sent to the second major destination, the United States (X tons), twofold. India (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+72.5% per year) and India (+57.6% per year).

In value terms, the United States ($X), Oman ($X) and India ($X) were the largest markets for pneumatic or hydraulic hand tool exported from the United Arab Emirates worldwide, together comprising 73% of total exports. These countries were followed by Finland, Saudi Arabia, Nigeria, Seychelles, Angola and Rwanda, which together accounted for a further 12%.

In terms of the main countries of destination, Finland, with a CAGR of +111.4%, recorded the highest growth rate of the value of exports, 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, with an increase of 41% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the average price for exports to Rwanda ($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 Ghana (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into the United Arab Emirates

After three years of growth, purchases abroad of pneumatic or hydraulic hand tools decreased by -5.7% to X tons in 2021. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 141% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Over the period under review, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2014 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 the United Arab Emirates, accounting for a 56% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+15.5% per year) and Taiwan (Chinese) (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to the United Arab Emirates, comprising 33% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.3% share of total imports. It was followed by the UK, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+27.5% per year) and the UK (-1.6% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, rising by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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