SADC: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in SADC

The SADC market for diesel engines (other than for motor vehicles and aircraft) reached $X in 2022, with an increase of 14% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in SADC

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 136% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports in SADC

Exports of diesel engines (other than for motor vehicles and aircraft) shrank modestly to X units in 2022, falling by -4.6% against the year before. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 213%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) rose markedly to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

South Africa prevails in aircraft) structure, amounting to X units, which was near 92% of total exports in 2022. The following exporters - Zambia (X units) and Botswana (X units) - each amounted to a 4.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diesel engines (other than for motor vehicles and aircraft) exports from South Africa stood at +8.7%. At the same time, Botswana (+22.7%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of +22.7% from 2012-2022. Zambia experienced a relatively flat trend pattern. South Africa (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Zambia saw its share reduced by -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in SADC, comprising 83% of total exports. The second position in the ranking was taken by Zambia ($X), with a 6% share of total exports.

In South Africa, exports of diesel engines (other than for motor vehicles and aircraft) expanded at an average annual rate of +2.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (-3.8% per year) and Botswana (+29.2% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, growing by 14% against the previous year. Overall, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when the export price increased by 231%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+5.3%), while the other leaders experienced a decline in the export price figures.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports in SADC

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported in SADC; growing by 63% compared with 2021. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 90%. Over the period under review, imports of reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. The total import value increased at an average annual rate of +2.0% 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 2015 with an increase of 27% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units) was the major importer of diesel engines (other than for motor vehicles and aircraft), comprising 60% of total imports. Botswana (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (5.6%) and Mozambique (5.6%). The following importers - Zambia (X units) and Angola (X units) - together made up 5.4% of total imports.

Imports into South Africa increased at an average annual rate of +12.9% from 2012 to 2022. At the same time, Botswana (+36.3%), Zambia (+5.9%) and Democratic Republic of the Congo (+3.1%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +36.3% from 2012-2022. By contrast, Angola (-1.4%) and Mozambique (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Botswana and South Africa increased by +18 and +15 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in SADC, comprising 69% of total imports. The second position in the ranking was taken by Zambia ($X), with a 6% share of total imports. It was followed by Angola, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (+0.3% per year) and Angola (-2.4% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, declining by -26.3% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 168%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+21.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform