Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $14 per unit, with an increase of 7.6% against the previous year. Overall, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 8.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $50 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($247 per unit), while the average price for exports to the Czech Republic ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+37.5%), while the prices for the other major destinations experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $42 per unit in 2022, dropping by -7.6% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 83%. As a result, import price reached the peak level of $59 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($140 per unit), while the price for China ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa
In 2022, shipments abroad of tools; for working in the hand, pneumatic, other than rotary type decreased by -13.5% to 528K units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type attained the maximum at 610K units in 2021, and then shrank in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type fell to $7.3M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. As a result, the exports reached the peak of $7.9M, and then declined in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,415 | 3,283 | 4,407 | 4,665 | 24.5% |
| Australia | 155 | 181 | 371 | 80.9 | -19.5% |
| New Zealand | 50.6 | 50.5 | 114 | 60.8 | 6.3% |
| Czech Republic | 21.7 | 94.2 | 22.3 | 60.7 | 40.9% |
| Italy | 25.5 | 139 | 325 | 9.2 | -28.8% |
| Others | 2,467 | 2,044 | 2,635 | 2,457 | -0.1% |
| Total | 5,135 | 5,792 | 7,875 | 7,334 | 12.6% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from South Africa in 2022:
- United States (442.9K units)
- Czech Republic (9.7K units)
- Australia (8.8K units)
- New Zealand (7.4K units)
- Italy (1.3K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa
Imports of tools; for working in the hand, pneumatic, other than rotary type into South Africa expanded significantly to 127K units in 2022, surging by 6.5% against 2021. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type hit record highs at 208K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type contracted slightly to $5.3M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 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 with an increase of 34% against the previous year. As a result, imports attained the peak of $5.4M, and then shrank slightly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,735 | 1,520 | 2,319 | 1,920 | 3.4% |
| Taiwan (Chinese) | 1,205 | 831 | 1,278 | 1,357 | 4.0% |
| United States | 317 | 190 | 453 | 418 | 9.7% |
| India | 181 | 105 | 177 | 199 | 3.2% |
| United Kingdom | 40.8 | 204 | 93.1 | 113 | 40.4% |
| Others | 1,173 | 1,181 | 1,063 | 1,292 | 3.3% |
| Total | 4,651 | 4,032 | 5,384 | 5,298 | 4.4% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to South Africa in 2022:
- China (88.1K units)
- Taiwan (Chinese) (19.8K units)
- United States (8.4K units)
- India (3.6K units)
- United Kingdom (2.3K units)
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