Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (CIF) - 2024
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (CIF) - 2024
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $11.2 per unit in January 2024, surging by 34% against the previous month. Overall, the import price, however, saw a pronounced contraction. The growth pace was the most rapid in September 2023 an increase of 353% m-o-m. As a result, import price attained the peak level of $50.4 per unit. From October 2023 to January 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Taiwan (Chinese) ($47.0 per unit), while the price for India ($4.3 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $131 per unit in 2022, declining by -18.8% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices attained the maximum at $387 per unit in 2012; however, from 2013 to 2022, 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 the United States ($640 per unit), while the average price for exports to Swaziland ($32 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 Ghana (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa
In 2022, purchases abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -37.3% to 205K units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of 328K units, and then reduced markedly in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) shrank modestly to $7.5M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $7.8M, and then contracted in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,747 | 1,402 | 1,955 | 2,261 | 9.0% |
| China | 1,047 | 1,079 | 1,695 | 1,104 | 1.8% |
| Taiwan (Chinese) | 877 | 819 | 1,162 | 1,039 | 5.8% |
| United States | 932 | 413 | 528 | 680 | -10.0% |
| Malta | N/A | 194 | 488 | 676 | 86.7% |
| Japan | 376 | 279 | 413 | 379 | 0.3% |
| Sri Lanka | N/A | N/A | 53.1 | N/A | 0% |
| Others | 1,054 | 930 | 1,460 | 1,324 | 7.9% |
| Total | 6,033 | 5,116 | 7,754 | 7,463 | 7.3% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to South Africa in 2022:
- India (103.6K units)
- China (46.9K units)
- Taiwan (Chinese) (24.6K units)
- Malta (9.3K units)
- United States (6.4K units)
- Japan (6.0K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa
In 2022, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) from South Africa skyrocketed to 6.3K units, increasing by 24% compared with the previous year's figure. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) totaled $833K in 2022. In general, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 9.4% against the previous year. As a result, the exports attained the peak of $976K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 79.2 | 138 | 224 | 210 | 38.4% |
| Zimbabwe | 84.3 | 74.0 | 63.0 | 152 | 21.7% |
| Botswana | 7.3 | 14.8 | 38.5 | 54.6 | 95.6% |
| Zambia | 78.3 | 50.4 | 99.4 | 48.0 | -15.1% |
| Tanzania | 38.8 | 36.4 | 67.3 | 46.2 | 6.0% |
| Mozambique | 39.2 | 28.3 | 53.6 | 28.6 | -10.0% |
| Ghana | 13.7 | 11.4 | 36.3 | 25.2 | 22.5% |
| Lesotho | 16.2 | 24.6 | 42.5 | 19.7 | 6.7% |
| United States | 339 | 16.9 | N/A | 13.4 | -65.9% |
| Swaziland | 4.5 | 5.7 | 5.6 | 7.9 | 20.6% |
| Kenya | 8.2 | 361 | 1.2 | 1.9 | -38.6% |
| Cote d'Ivoire | 6.7 | 0.4 | N/A | 0.4 | -60.9% |
| Others | 177 | 215 | 194 | 225 | 8.3% |
| Total | 892 | 976 | 826 | 833 | -2.3% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from South Africa in 2022:
- Zimbabwe (1932.0 units)
- Namibia (1293.0 units)
- Zambia (674.0 units)
- Botswana (665.0 units)
- Lesotho (406.0 units)
- Swaziland (249.0 units)
- Tanzania (164.0 units)
- Ghana (142.0 units)
- Mozambique (133.0 units)
- Kenya (38.0 units)
- Cote d'Ivoire (32.0 units)
- United States (21.0 units)
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