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South Africa - Interchangeable Tools For Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
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South Africa: Interchangeable Tool Market Overview 2021

Interchangeable Tool Market Size in South Africa

The South African interchangeable tool market reduced slightly to $X in 2019, almost unchanged from the previous year. Over the period under review, consumption recorded a slight slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Interchangeable tool consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Interchangeable Tool Production in South Africa

In value terms, interchangeable tool production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, showed a slight reduction. The growth pace was the most rapid in 2018 when the production volume increased by X% y-o-y. Interchangeable tool production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Interchangeable Tool Exports

Exports from South Africa

In 2019, shipments abroad of interchangeable tools for hand tools decreased by -X% to X units for the first time since 2016, thus ending a two-year rising trend. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X units. From 2012 to 2019, the growth exports remained at a lower figure.

In value terms, interchangeable tool exports soared to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a lower figure.

Exports by Country

Namibia (X units), Zimbabwe (X units) and Poland (X units) were the main destinations of interchangeable tool exports from South Africa, with a combined X% share of total exports. These countries were followed by Botswana, Zambia, Ireland, Mozambique, Lesotho, Democratic Republic of the Congo, Germany, Angola and Australia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland, while exports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for interchangeable tool exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Zimbabwe ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+X% per year) and Namibia (+X% per year).

Export Prices by Country

The average interchangeable tool export price stood at $X per unit in 2019, increasing by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, interchangeable tool export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2019 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Ireland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo, while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Tool Imports

Imports into South Africa

In 2019, the amount of interchangeable tools for hand tools imported into South Africa rose modestly to X units, increasing by X% on 2018. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, interchangeable tool imports reduced to $X in 2019. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, China (X units) constituted the largest supplier of interchangeable tool to South Africa, with a X% share of total imports. Moreover, interchangeable tool imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. Sweden (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Sweden (+X% per year).

In value terms, China ($X), Sweden ($X) and India ($X) were the largest interchangeable tool suppliers to South Africa, with a combined X% share of total imports. The U.S., Germany, South Korea, Canada and Namibia lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average interchangeable tool import price stood at $X per unit in 2019, declining by -X% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per unit), while the price for Namibia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable tools for hand tools in the world?
+
China (534M units) remains the largest interchangeable tool consuming country worldwide, comprising approx. 27% of total volume. Moreover, interchangeable tool consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (257M units), twofold. Germany (150M units) ranked third in terms of total consumption with a 7.6% share.
What are the largest producers of interchangeable tools for hand tools in the world?
+
The country with the largest volume of interchangeable tool production was China (771M units), accounting for 39% of total volume. Moreover, interchangeable tool production in China exceeded the figures recorded by the second-largest producer, the U.S. (202M units), fourfold. Japan (191M units) ranked third in terms of total production with a 9.5% share.
What are the leading suppliers of interchangeable tools for hand tools to South Africa?
+
In value terms, China ($36M), Sweden ($23M) and India ($16M) were the largest interchangeable tool suppliers to South Africa, together accounting for 53% of total imports. The U.S., Germany, South Korea, Canada and Namibia lagged somewhat behind, together accounting for a further 24%.
What are the leading importers of interchangeable tools for hand tools from South Africa?
+
In value terms, Ireland ($50M) remains the key foreign market for interchangeable tool exports from South Africa, comprising 39% of total exports. The second position in the ranking was occupied by Zimbabwe ($11M), with a 8.3% share of total exports. It was followed by Namibia, with a 4.5% share.
What is the average export price for interchangeable tools for hand tools in South Africa?
+
The average interchangeable tool export price stood at $39 per unit in 2019, picking up by 28% against the previous year.
What is the average import price for interchangeable tools for hand tools in South Africa?
+
In 2019, the average interchangeable tool import price amounted to $11 per unit, shrinking by -11.4% against the previous year.

Product coverage:
• Prodcom 25734014 - Tapping tools for working metal
• Prodcom 25734016 - Threading tools for working metal
• Prodcom 25734019 - Tapping or threading tools (excluding work and tool holders for machines or hand tools, for working metal)
• Prodcom 25734023 - Drilling tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
• Prodcom 25734025 - Masonry drills with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
• Prodcom 25734027 - Drilling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734031 - Drilling tools with working part of high speed steel, for working metal excluding work and tool holders for machines or hand tools - for rock drilling
• Prodcom 25734033 - Drilling tools with working part of materials other than diamond, agglomerated diamond or sintered metal carbide, f or working metal excluding with working part of high speed steel
• Prodcom 25734035 - Drilling tools (excluding work and tool holders for machines or hand tools, with working part of diamond or agglomerated diamond, for rock drilling, masonry drills, for working metal)
• Prodcom 25734037 - Boring or broaching tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for earth boring)
• Prodcom 25734044 - Boring tools for working metal, with working part of materials other than diamond or agglomerated diamond
• Prodcom 25734045 - Boring or broaching tools (excluding work and tool holders for machines or hand tools, with diamond or agglomerated diamond working parts, for working metal, for earth boring)
• Prodcom 25734048 - Broaching tools for working metal, with working part of materials other than diamond or agglomerated diamond
• Prodcom 25734050 - Milling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734061 - Shank type milling tools for working metal (excluding with working part of sintered metal carbide)
• Prodcom 25734065 -
• Prodcom 25734067 -
• Prodcom 25734069 - Milling tools (excluding for working metal)
• Prodcom 25734071 - Turning tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734074 - Turning tools for working metal, with working part of materials other than cermets
• Prodcom 25734079 - Turning tools (excluding work and tool holders for machines or hand tools, for working metal)
• Prodcom 25734081 - Other interchangeable tools of CN .82.07 with working part of diamond
• Prodcom 25734083 - Screwdriver bits with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25734085 - Gear-cutting tools with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25734087 - Interchangeable hand tools with working part of sintered metal carbide excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734089 - Interchangeable tools in other materials
• Prodcom 25736013 - Rock drilling or earth boring tools with working part of cermets
• Prodcom 25736018 - Rock-drilling or earth-boring tools, interchangeable, and parts therefor, with working parts of materials other than sintered metal carbide or cermets
• Prodcom 25736023 - Dies for drawing or extruding metal, with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25736024 - Dies for drawing or extruding metal (excluding unmounted plates, sticks, tips, rods, pellets, rings, etc. of sintered metal carbides or cermets)
• Prodcom 25736033 - Pressing, stamping or punching tools for working metal (excluding work and tool holders for machines or hand tools)
• Prodcom 25736039 - Pressing, stamping or punching tools (excluding work and tool holders for machines or hand tools, for working metal)

This report provides an in-depth analysis of the interchangeable tool market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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