SADC: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in SADC

The SADC market for pneumatic or hydraulic hand tools expanded modestly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in SADC

In value terms, pneumatic or hydraulic hand tool production expanded sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in SADC

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, showed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. 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 shrank to $X in 2023. Overall, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of pneumatic or hydraulic hand tools, namely South Africa, represented more than two-thirds 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 SADC.

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

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. 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 stood at a somewhat 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 SADC

In 2023, after five 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, showed a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool imports contracted to $X in 2023. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was near X% of total imports in 2023. Tanzania (X units) ranks second in terms of the total imports with a X% share, followed by Namibia (X%). The following importers - Mauritius (X units) and Angola (X units) - each recorded a X% share of total imports.

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%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Namibia experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Tanzania and Mauritius increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat 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 Angola ($X per unit), while Namibia ($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