Report Update Nov 1, 2024

South Africa - Household Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Household Hand Tools Market 2024

Household Hand Tools Market Size in South Africa

In 2021, after two years of decline, there was significant growth in the South African household hand tools market, when its value increased by 49% to $X. Overall, consumption, however, saw a perceptible shrinkage. Household hand tools consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Household Hand Tools Exports

Exports from South Africa

In 2021, the amount of household hand tools exported from South Africa soared to X tons, picking up by 72% on the previous year. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.2% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools exports skyrocketed to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X tons) was the main destination for household hand tools exports from South Africa, accounting for a 39% share of total exports. Moreover, household hand tools exports to Botswana exceeded the volume sent to the second major destination, Swaziland (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Botswana totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+17.9% per year) and Saudi Arabia (+407.9% per year).

In value terms, Botswana ($X) remains the key foreign market for household hand tools exports from South Africa, comprising 36% of total exports. The second position in the ranking was held by Namibia ($X), with a 10% share of total exports. It was followed by Zimbabwe, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Botswana stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-7.3% per year) and Zimbabwe (+16.6% per year).

Export Prices by Country

In 2021, the average household hand tools export price amounted to $X per ton, which is down by -11.4% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a 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 Namibia ($X per ton), while the average price for exports to Swaziland ($X 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 Zimbabwe (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Household Hand Tools Imports

Imports into South Africa

In 2021, after three years of decline, there was significant growth in purchases abroad of household hand tools, when their volume increased by 56% to X tons. Overall, imports, however, showed a mild downturn. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, household hand tools imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of household hand tools to South Africa, accounting for a approx. 94% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of household hand tools to South Africa.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2021, surging by 4% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 10%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household hand tools in the world?

The countries with the highest volumes of household hand tools consumption in 2021 were China, Italy and India, together accounting for 47% of global consumption.

What are the largest producers of household hand tools in the world?

The country with the largest volume of household hand tools production was China, accounting for 55% of total volume. Moreover, household hand tools production in China exceeded the figures recorded by the second-largest producer, Italy, fourfold. India ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of household hand tools to South Africa?

In value terms, China constituted the largest supplier of household hand tools to South Africa, comprising 77% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 3.1% share of total imports.

What are the leading importers of household hand tools from South Africa?

In value terms, Botswana, Namibia and Lesotho were the largest markets for household hand tools exported from South Africa worldwide, with a combined 61% share of total exports. Swaziland, Mozambique, Zambia and Zimbabwe lagged somewhat behind, together accounting for a further 23%.

What is the average export price for household hand tools in South Africa?

The average household hand tools export price stood at $5,236 per ton in 2021, picking up by 3.5% against the previous year.

What is the average import price for household hand tools in South Africa?

The average household hand tools import price stood at $6,305 per ton in 2021, picking up by 6.9% against the previous year.

This report provides an in-depth analysis of the household hand tools market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733065 - Household hand tools

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023