Report Update: Apr 1, 2024

Saudi Arabia - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

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Hand Tools Price in Saudi Arabia - 2021

Hand Tools Price in Saudi Arabia (CIF) - 2022

The average hand tools import price stood at $4,903 per ton in 2022, reducing by -11.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average import price increased by 29%. As a result, import price reached the peak level of $6,749 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($24,727 per ton), while the price for Brazil ($2,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Hand Tools Price in Saudi Arabia (FOB) - 2022

The average hand tools export price stood at $4,314 per ton in 2022, dropping by -25% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28%. The export price peaked at $9,495 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($11,847 per ton), while the average price for exports to Sudan ($1,986 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports in Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded growth in overseas purchases of hand tools, which increased by 4.7% to 29K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hand tools imports reduced to $140M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $152M, and then fell in the following year.

Import of Hand Tools in Saudi Arabia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	31.9	41.0	47.5	40.2	8.0%
United States	18.7	16.6	16.6	13.5	-10.3%
United Arab Emirates	N/A	0.5	0.7	11.5	379.6%
Italy	7.2	8.2	12.2	10.5	13.4%
Germany	10.4	12.4	11.3	9.9	-1.6%
Taiwan (Chinese)	5.4	7.9	8.7	7.5	11.6%
India	1.9	2.4	3.1	2.2	5.0%
Japan	3.5	3.2	2.6	2.0	-17.0%
Brazil	1.1	1.1	1.9	1.2	2.9%
Others	31.2	35.3	47.8	42.0	10.4%
Total	111	129	152	140	8.0%

Top Suppliers of Hand Tools to Saudi Arabia in 2022:

China (11.8K tons)
Taiwan (Chinese) (2.3K tons)
Italy (1.9K tons)
United Arab Emirates (1.8K tons)
Germany (1.1K tons)
India (0.7K tons)
Brazil (0.5K tons)
United States (0.5K tons)
Japan (0.2K tons)

Hand Tools Exports in Saudi Arabia

In 2022, hand tools exports from Saudi Arabia surged to 401 tons, growing by 23% compared with the previous year's figure. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 54%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hand tools exports fell to $1.7M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of $1.9M, and then shrank in the following year.

Export of Hand Tools in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	342	98.2	178	415	6.7%
Bahrain	111	200	232	339	45.1%
Oman	169	67.2	61.5	332	25.2%
Kuwait	72.3	12.2	33.6	313	63.0%
Italy	41.5	54.9	37.6	67.7	17.7%
Ethiopia	1.4	0.6	8.4	39.6	204.7%
Egypt	305	5.6	2.1	29.9	-53.9%
Others	228	919	1,330	194	-5.2%
Total	1,270	1,357	1,883	1,730	10.9%

Top Export Markets for Hand Tools from Saudi Arabia in 2022:

Oman (118.8 tons)
United Arab Emirates (81.8 tons)
Kuwait (74.9 tons)
Bahrain (64.7 tons)
Italy (28.1 tons)
Ethiopia (17.8 tons)
Egypt (2.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hand tools market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25731010 - Spades and shovels
Prodcom 25731020 -
Prodcom 25731030 - Mattocks, picks, hoes and rakes
Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
Prodcom 25731070 -
Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
Prodcom 25732020 - Band saw blades
Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
Prodcom 25732093 - Straight saw blades for working metal
Prodcom 25732095 -
Prodcom 25732099 -
Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
Prodcom 25733015 -
Prodcom 25733017 -
Prodcom 25733023 - Metal cutting shears and similar hand tools
Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
Prodcom 25733037 - Interchangeable spanner sockets
Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
Prodcom 25733055 - Hammers and sledge hammers with working part of metal
Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
Prodcom 25733063 - Screwdrivers
Prodcom 25733065 - Household hand tools
Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
Prodcom 25733085 - Vices, clamps and the like
Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)
Prodcom 25732097 - Saw blades with working part of base metal (excluding band saw blades, circular saw blades, musical saw blades)
Prodcom 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base metal

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023