Africa: Wood Tool Market 2025

Wood Tool Market Size in Africa

In 2021, the African wood tool market decreased by -5.8% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Tool Production in Africa

In value terms, wood tool production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Wood Tool Exports

Exports in Africa

In 2021, shipments abroad of tools of wood was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood tool exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt was the largest exporter of tools of wood in Africa, with the volume of exports resulting at X tons, which was approx. 72% of total exports in 2021. South Africa (X tons) held the second position in the ranking, followed by Ghana (X tons). All these countries together held approx. 19% share of total exports. Cote d'Ivoire (X tons) held a little share of total exports.

Egypt was also the fastest-growing in terms of the tools of wood exports, with a CAGR of +41.7% from 2012 to 2021. South Africa experienced a relatively flat trend pattern. Cote d'Ivoire (-3.1%) and Ghana (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt increased by +66 percentage points.

In value terms, South Africa ($X), Egypt ($X) and Ghana ($X) were the countries with the highest levels of exports in 2021, together comprising 72% of total exports.

Egypt, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, with a decrease of -63% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 39%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Wood Tool Imports

Imports in Africa

In 2021, overseas purchases of tools of wood decreased by -19.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 74% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood tool imports expanded significantly to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.0% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, South Africa (X tons), distantly followed by Algeria (X tons), Egypt (X tons), Libya (X tons), Morocco (X tons), Kenya (X tons) and Tunisia (X tons) represented the major importers of tools of wood, together comprising 75% of total imports. The following importers - Tanzania (X tons), Ghana (X tons) and Senegal (X tons) - together made up 8.4% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +26.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Libya ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 53% of total imports. These countries were followed by South Africa, Tanzania, Morocco, Ghana, Tunisia, Kenya and Senegal, which together accounted for a further 28%.

Ghana, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 42% against the previous year. In general, the import price saw a resilient increase. The growth pace was the most rapid in 2020 an increase of 67%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+26.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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