SADC: Hand Tools Market 2024

Hand Tools Market Size in SADC

In 2022, after two years of growth, there was decline in the SADC hand tools market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then contracted modestly in the following year.

Hand Tools Production in SADC

In value terms, hand tools production rose sharply to $X in 2022 estimated in export price. Overall, production showed notable growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hand Tools Exports

Exports in SADC

In 2022, approx. X tons of hand tools were exported in SADC; waning by X% on 2021 figures. In general, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand tools exports amounted to $X in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was near X% of total exports in 2022. The following exporters - Tanzania (X tons) and Namibia (X tons) - each reached a X% share of total exports.

South Africa was also the fastest-growing in terms of the hand tools exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hand tools supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports.

In South Africa, hand tools exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Hand Tools Imports

Imports in SADC

Hand tools imports shrank to X tons in 2022, with a decrease of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hand tools imports shrank to $X in 2022. In general, imports showed a slight decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons), Angola (X tons), Mozambique (X tons) and Tanzania (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X tons), constituting a X% share of total imports. The following importers - Zimbabwe (X tons) and Botswana (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mozambique (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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