South Africa: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in South Africa

In 2022, the South African internal combustion engine equipment market increased by 0.4% to $X, rising for the third consecutive year after six years of decline. Over the period under review, consumption, however, showed a pronounced downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from South Africa

In 2022, overseas shipments of equipment for internal combustion engines increased by 18% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 114%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, internal combustion engine equipment exports declined to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 129% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units) was the main destination for internal combustion engine equipment exports from South Africa, accounting for a 57% share of total exports. Moreover, internal combustion engine equipment exports to Zimbabwe exceeded the volume sent to the second major destination, Swaziland (X units), sixfold. Botswana (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+12.2% per year) and Botswana (-20.1% per year).

In value terms, the largest markets for internal combustion engine equipment exported from South Africa were Zimbabwe ($X), Zambia ($X) and Botswana ($X), together comprising 55% of total exports. Swaziland, Namibia, Angola, Mozambique, Democratic Republic of the Congo, Germany and Thailand lagged somewhat behind, together comprising a further 33%.

Germany, with a CAGR of +91.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, reducing by -23.3% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 76% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Zimbabwe ($X 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 Zambia (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into South Africa

In 2022, overseas purchases of equipment for internal combustion engines increased by 21% to X units, rising for the third year in a row after two years of decline. Overall, imports, however, showed a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, internal combustion engine equipment imports contracted to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of internal combustion engine equipment imports to South Africa, together accounting for 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +37.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine equipment suppliers to South Africa were China ($X), Japan ($X) and Thailand ($X), together comprising 59% of total imports. Taiwan (Chinese), the United States, Germany, Brazil and Italy lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Brazil, with a CAGR of +31.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average internal combustion engine equipment import price amounted to $X per unit, shrinking by -25.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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