Price for Tools, Hand; Other than Household Tools in the United Arab Emirates - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in the United Arab Emirates (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in the United Arab Emirates (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in the United Arab Emirates
- Exports of Tools, Hand; Other than Household Tools in the United Arab Emirates
Price for Tools, Hand; Other than Household Tools in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $9,165 per ton, surging by 8.2% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tools, hand; other than household toolses decreased by -19.3% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 30%. The import price peaked at $11,350 per ton in 2019; however, from 2020 to 2022, 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 Germany ($46,923 per ton), while the price for India ($2,316 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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in the United Arab Emirates (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $4,764 per ton in 2022, with a decrease of -9.4% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 65% against the previous year. The export price peaked at $5,259 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($9,583 per ton), while the average price for exports to Tanzania ($1,107 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 Qatar (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in the United Arab Emirates
Imports of tools, hand; other than household toolses into the United Arab Emirates contracted to 4.1K tons in 2022, which is down by -8.2% compared with 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 4.5K tons, and then dropped in the following year.
In value terms, imports of tools, hand; other than household toolses declined slightly to $38M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $38M, leveling off in the following year.
| Import of Tools, Hand; Other than Household Tools in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 10.0 | 16.0 | 11.8 | 12.9% |
| United States | 4.1 | 3.9 | 2.5 | 6.5 | 16.6% |
| Germany | 7.2 | 4.3 | 3.5 | 4.4 | -15.1% |
| Taiwan (Chinese) | 4.0 | 4.4 | 5.2 | 3.6 | -3.5% |
| India | 2.4 | 1.6 | 2.0 | 2.7 | 4.0% |
| Others | 8.8 | 8.1 | 8.6 | 8.6 | -0.8% |
| Total | 34.6 | 32.3 | 37.9 | 37.6 | 2.8% |
Top Suppliers of Tools, Hand; Other than Household Tools to the United Arab Emirates in 2022:
- China (1904.0 tons)
- India (1177.6 tons)
- Taiwan (Chinese) (413.1 tons)
- United States (233.5 tons)
- Germany (93.2 tons)
Exports of Tools, Hand; Other than Household Tools in the United Arab Emirates
In 2022, approx. 6K tons of tools, hand; other than household toolses were exported from the United Arab Emirates; rising by 665% on 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses surged to $29M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 7,607 | 0% |
| Saudi Arabia | 89.9 | 505 | 296 | 3,629 | 243.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1,401 | 0% |
| Germany | 728 | 256 | 325 | 1,392 | 24.1% |
| Pakistan | 16.8 | 17.5 | 8.7 | 1,092 | 302.1% |
| Qatar | N/A | N/A | N/A | 1,008 | 0% |
| Oman | 2,190 | 1,154 | 1,345 | 967 | -23.9% |
| Kuwait | 13.6 | 7.7 | 52.8 | 755 | 281.5% |
| Djibouti | N/A | N/A | N/A | 653 | 0% |
| Bahrain | 11.4 | 8.1 | 30.1 | 467 | 244.7% |
| Tanzania | 17.2 | 17.0 | 54.1 | 405 | 186.6% |
| Senegal | 3.6 | 2.3 | 14.7 | 219 | 293.3% |
| Kenya | 3.7 | 12.9 | 4.1 | 170 | 258.2% |
| Others | 1,599 | 966 | 1,987 | 8,757 | 76.3% |
| Total | 4,673 | 2,946 | 4,117 | 28,522 | 82.8% |
Top Export Markets for Tools, Hand; Other than Household Tools from the United Arab Emirates in 2022:
- Iraq (2112.2 tons)
- Saudi Arabia (378.7 tons)
- Tanzania (366.2 tons)
- Pakistan (290.8 tons)
- Djibouti (171.7 tons)
- Oman (165.4 tons)
- Germany (158.6 tons)
- Senegal (157.7 tons)
- Taiwan (Chinese) (149.3 tons)
- Qatar (144.5 tons)
- Bahrain (143.4 tons)
- Kenya (136.2 tons)
- Kuwait (109.0 tons)
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