Price for Tools, Hand; Other than Household Tools in Saudi Arabia - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Saudi Arabia (FOB) - 2022
- Price for Tools, Hand; Other than Household Tools in Saudi Arabia (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in Saudi Arabia
- Imports of Tools, Hand; Other than Household Tools in Saudi Arabia
Price for Tools, Hand; Other than Household Tools in Saudi Arabia (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $10,983 per ton in 2021, waning by -5.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 139%. As a result, the export price reached the peak level of $22,451 per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($53,971 per ton), while the average price for exports to Somalia ($107 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 Kuwait (+72.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Saudi Arabia (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $7,138 per ton in 2021, rising by 36% against the previous year. In general, the import price recorded a mild increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 45%. As a result, import price attained the peak level of $8,758 per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($37,229 per ton), while the price for China ($3,887 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tools, Hand; Other than Household Tools in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas shipments of tools, hand; other than household toolses, when their volume decreased by -51.7% to 27 tons. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 655%.
In value terms, exports of tools, hand; other than household toolses skyrocketed to $808K in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 290% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Germany | N/A | 48.4 | 226 | 366.9% |
| Bahrain | N/A | 100 | 121 | 21.0% |
| United Arab Emirates | N/A | 73.1 | 53.9 | -26.3% |
| France | N/A | 6.5 | 49.0 | 653.8% |
| Sudan | N/A | 9.1 | 33.0 | 262.6% |
| India | N/A | 16.7 | 25.4 | 52.1% |
| Egypt | 108 | 11.6 | 20.2 | -56.8% |
| Somalia | N/A | 56.9 | 0.5 | -99.1% |
| Djibouti | N/A | 6.0 | N/A | 0% |
| Others | N/A | 90.9 | 76.5 | -15.8% |
| Total | 108 | 420 | 606 | 136.9% |
Top Export Markets for Tools, Hand; Other than Household Tools from Saudi Arabia in 2022:
- India (19.0 tons)
- Sudan (7.7 tons)
- Somalia (5.0 tons)
- Germany (4.2 tons)
- United Arab Emirates (3.5 tons)
- Bahrain (2.7 tons)
- France (2.6 tons)
- Egypt (1.2 tons)
Imports of Tools, Hand; Other than Household Tools in Saudi Arabia
Imports of tools, hand; other than household toolses into Saudi Arabia rose markedly to 1.9K tons in 2021, surging by 11% against the previous year's figure. In general, imports, however, showed a perceptible setback.
In value terms, imports of tools, hand; other than household toolses surged to $14M in 2021. Over the period under review, imports, however, showed a deep downturn.
| Import of Tools, Hand; Other than Household Tools in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 6.1 | 1.8 | 4.0 | -19.0% |
| United States | 4.2 | 1.7 | 2.1 | -29.3% |
| Germany | 1.1 | 1.9 | 1.7 | 24.3% |
| Taiwan (Chinese) | 1.0 | 0.7 | 1.4 | 18.3% |
| Italy | 0.6 | 0.8 | 0.9 | 22.5% |
| India | 0.5 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 0.5 | N/A | 0% |
| Others | 3.0 | 1.6 | 3.6 | 9.5% |
| Total | 16.4 | 9.0 | 13.6 | -8.9% |
Top Suppliers of Tools, Hand; Other than Household Tools to Saudi Arabia in 2022:
- China (1020.1 tons)
- Germany (180.2 tons)
- Taiwan (Chinese) (149.1 tons)
- Italy (93.5 tons)
- United States (56.6 tons)
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