Hand Tools Market Overview in Qatar
Market Overview
The Qatari hand tools market reduced remarkably to $
in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.Consumption
In 2019, the amount of hand tools consumed in Qatar contracted remarkably to tonnes, dropping by -% against 2018 figures. In general, consumption showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The value of the hand tools market in Qatar fell sharply to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
tonnes, dropping by -% against 2018 figures. In general, consumption showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The value of the hand tools market in Qatar fell sharply to $
in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for hand tools in Qatar, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Trade Balance
Qatar remains a net importer of hand tools; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report