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South Africa - Trucks - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

South Africa - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Dec 16, 2023

October 2023 Sees a Substantial Increase As South Africa's Truck Export Reaches $612M

South Africa Truck Exports

In October 2023, exports of trucks from South Africa was estimated at 22K units, surging by 4.1% compared with the previous month. In general, exports recorded a measured increase. The growth pace was the most rapid in July 2023 with an increase of 103% against the previous month. As a result, the exports reached the peak of 24K units. From August 2023 to October 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, truck exports amounted to $612M (IndexBox estimates) in October 2023. Overall, exports saw strong growth. The growth pace was the most rapid in July 2023 when exports increased by 122% m-o-m. As a result, the exports reached the peak of $700M. From August 2023 to October 2023, the growth of the exports remained at a somewhat lower figure.South Africa Truck Exports By Country (Million USD)

COUNTRYExport Value of Truck in South Africa (million USD)
Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023
Belgium13410419192.013612794.813272.9200125167205
Germany29.35.444.212.635.763.843.812639.815311512299.8
United Kingdom39.840.340.119.535.320.027.125.917.985.518.990.676.9
Spain43.134.651.214.654.449.264.268.649.457.274.641.459.0
Zimbabwe11.712.88.412.17.613.712.810.215.912.916.310.918.9
Namibia15.011.08.913.412.920.412.515.819.616.515.313.015.8
Zambia8.38.67.34.88.19.26.210.39.29.08.47.311.0
Others59.158.752.033.153.512314583.890.9166156155125
Total341275403202344426406473316700530607612

Exports by Country

Belgium (7.2K units) was the main destination for truck exports from South Africa, accounting for a 33% share of total exports. Moreover, truck exports to Belgium exceeded the volume sent to the second major destination, Germany (3.1K units), twofold. The third position in this ranking was held by the UK (2.4K units), with an 11% share.

From October 2022 to October 2023, the average monthly growth rate of volume to Belgium stood at +2.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+9.0% per month) and the UK (+3.8% per month).

In value terms, Belgium ($205M) remains the key foreign market for truck exports from South Africa, comprising 34% of total exports. The second position in the ranking was taken by Germany ($100M), with a 16% share of total exports. It was followed by the UK, with a 13% share.

From October 2022 to October 2023, the average monthly rate of growth in terms of value to Belgium amounted to +3.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+10.7% per month) and the UK (+5.6% per month).

Exports by Type

Diesel or semi-diesel trucks of a g.v.w. under 5 tonnes (20K units) was the largest type of truck exported from South Africa, accounting for a 93% share of total exports. Moreover, diesel or semi-diesel trucks of a g.v.w. under 5 tonnes exceeded the volume of the second product type, spark-ignition trucks of a g.v.w. under 5 tonnes (994 units), more than tenfold. The third position in this ranking was taken by diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (306 units), with a 1.4% share.

From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of export of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes amounted to +3.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: spark-ignition trucks of a g.v.w. under 5 tonnes (+8.0% per month) and diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (+2.9% per month).

In value terms, diesel or semi-diesel trucks of a g.v.w. under 5 tonnes ($572M) remains the largest type of truck exported from South Africa, comprising 93% of total exports. The second position in the ranking was taken by spark-ignition trucks of a g.v.w. under 5 tonnes ($25M), with a 4.1% share of total exports. It was followed by diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes, with a 1.4% share.

From October 2022 to October 2023, the average monthly rate of growth in terms of the export volume of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes totaled +4.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: spark-ignition trucks of a g.v.w. under 5 tonnes (+12.9% per month) and diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (+2.9% per month).

Export Prices by Country

In October 2023, the truck price amounted to $27,947 per unit (FOB, South Africa), with a decrease of -3.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in July 2023 when the average export price increased by 9.3% month-to-month. The export price peaked at $28,872 per unit in September 2023, and then shrank in the following month.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Germany ($32,499 per unit), while the average price for exports to Zimbabwe ($18,609 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck 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 2030.

Product coverage:

  • Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
  • Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
  • Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
  • Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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