Africa: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Africa

The African market for pneumatic or hydraulic hand tools expanded notably to $X in 2023, with an increase of X% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Africa

In value terms, pneumatic or hydraulic hand tool production soared to $X in 2023 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Africa

In 2023, shipments abroad of pneumatic or hydraulic hand tools decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports declined to $X in 2023. Overall, exports showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X units) was the largest exporter of pneumatic or hydraulic hand tools in Africa, comprising X% of total export.

South Africa was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest pneumatic or hydraulic hand tool supplier in Africa.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in Africa

In 2023, after two years of growth, there was significant decline in overseas purchases of pneumatic or hydraulic hand tools, when their volume decreased by X% to X units. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports dropped to $X in 2023. Over the period under review, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was near X% of total imports in 2023. Egypt (X units) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%). Algeria (X units), Namibia (X units), Morocco (X units), Tunisia (X units), Kenya (X units), Ghana (X units), Mauritius (X units) and Libya (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of pneumatic or hydraulic hand tools. At the same time, Tanzania (X%), Mauritius (X%), Ghana (X%), Morocco (X%), Tunisia (X%), Kenya (X%), Egypt (X%), Libya (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Namibia experienced a relatively flat trend pattern. Tanzania (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported pneumatic or hydraulic hand tools in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

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

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kenya ($X per unit), while Namibia ($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