South Africa: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in South Africa

In 2022, after five years of growth, there was significant decline in the South African non-electric motor handtools market, when its value decreased by -6.6% to $X. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.4% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Non-Electric Motor Handtools Exports

Exports from South Africa

In 2022, non-electric motor handtools exports from South Africa reduced to X units, with a decrease of -6% on the previous year. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports contracted modestly to $X in 2022. In general, exports showed a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Swaziland (X units) and Lesotho (X units) were the main destinations of non-electric motor handtools exports from South Africa, together comprising 48% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lesotho (with a CAGR of +32.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from South Africa were Namibia ($X), Zimbabwe ($X) and Swaziland ($X), with a combined 41% share of total exports. Democratic Republic of the Congo, Zambia, Ghana, Mozambique, Botswana and Lesotho lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Ghana, with a CAGR of +13.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, with an increase of 5% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 19%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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 Democratic Republic of the Congo ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Motor Handtools Imports

Imports into South Africa

After five years of growth, supplies from abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -11.2% to X units in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, non-electric motor handtools imports fell to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main non-electric motor handtools supplier to South Africa, accounting for a 92% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.6% per year) and the United States (-22.4% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to South Africa, comprising 67% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.8% per year) and the United States (+1.1% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, growing by 12% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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