South Africa: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in South Africa

In 2021, the South African market for pneumatic or hydraulic hand tools decreased by -5.7% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in South Africa

In value terms, pneumatic or hydraulic hand tool production declined to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 139% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from South Africa

In 2021, shipments abroad of pneumatic or hydraulic hand tools increased by 79% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 232%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. In general, exports, however, recorded a mild decrease. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from South Africa, with a 21% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United States exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. The third position in this ranking was taken by Zambia (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+3.9% per year) and Zambia (-7.0% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from South Africa, comprising 24% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 9.8% share of total exports. It was followed by Zambia, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+5.5% per year) and Zambia (+0.4% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, falling by -26.5% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 1,818% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 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 Italy ($X per ton), while the average price for exports to Uganda ($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 Swaziland (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into South Africa

In 2021, overseas purchases of pneumatic or hydraulic hand tools were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Overall, imports, however, showed a mild setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to South Africa, accounting for a 57% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.5% per year) and Germany (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to South Africa, comprising 53% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.6% per year) and Germany (-7.1% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, increasing by 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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