South Africa: Wood Tool Market 2025

Wood Tool Market Size in South Africa

The South African wood tool market fell to $X in 2021, which is down by -14.1% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wood Tool Exports

Exports from South Africa

In 2021, approx. X tons of tools of wood were exported from South Africa; growing by 83% against 2020. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood tool exports soared to $X in 2021. Overall, exports, however, continue to indicate a slight shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Mozambique (X tons) and Namibia (X tons) were the main destinations of wood tool exports from South Africa, with a combined 73% share of total exports. These countries were followed by Swaziland, Lesotho, Cote d'Ivoire, Zambia and Zimbabwe, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +105.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood tool exported from South Africa were Mozambique ($X), Botswana ($X) and Namibia ($X), with a combined 66% share of total exports. Swaziland, Zambia, Cote d'Ivoire, Zimbabwe and Lesotho lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +64.3%, recorded the highest growth rate of 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 wood tool export price stood at $X per ton in 2021, picking up by 3.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Lesotho ($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 (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into South Africa

Wood tool imports into South Africa shrank to X tons in 2021, waning by -11.1% compared with 2020. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 +16.7% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wood tool imports reduced to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of wood tool to South Africa, accounting for a 100% share of total imports. It was followed by Malaysia (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.7%.

In value terms, China ($X) constituted the largest supplier of tools of wood to South Africa, comprising 95% of total imports. The second position in the ranking was held by Malaysia ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.7%.

Import Prices by Country

The average wood tool import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.1%).

Source: IndexBox Platform

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