Africa: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Africa

The African non-electric motor handtools market reached $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Non-Electric Motor Handtools Production in Africa

In value terms, non-electric motor handtools production totaled $X in 2023 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Non-Electric Motor Handtools Exports

Exports in Africa

In 2023, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by X% to X units, falling for the eighth consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports reduced to $X in 2023. Overall, exports recorded a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. Tanzania (X units), Angola (X units) and Namibia (X units) took a minor share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%), Angola (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. While the share of Tanzania (X p.p.) and Angola (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest non-electric motor handtools supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Angola ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Non-Electric Motor Handtools Imports

Imports in Africa

In 2023, the amount of handtools, hydraulic or with a self-contained non-electric motor imported in Africa amounted to X units, picking up by X% on 2022 figures. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; afterwards, it flattened through to 2023.

In value terms, non-electric motor handtools imports declined to $X in 2023. In general, imports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X units) was the main importer of handtools, hydraulic or with a self-contained non-electric motor, constituting X% of total imports. It was distantly followed by Egypt (X units), making up a X% share of total imports. The following importers - Mauritius (X units), Namibia (X units), Algeria (X units), Morocco (X units) and Libya (X units) - each reached a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%), Mauritius (X%), Morocco (X%) and Libya (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%) and Namibia (X%) illustrated a downward trend over the same period. Egypt (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria and Namibia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported handtools, hydraulic or with a self-contained non-electric motor in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform