South Africa: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in South Africa

In 2021, after two years of decline, there was significant growth in the South African fuel or lubricating pump market, when its value increased by 25% to $X. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from South Africa

After two years of decline, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 4.3% to X units in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. In general, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana (X units) was the main destination for fuel or lubricating pump exports from South Africa, with a 49% share of total exports. Moreover, fuel or lubricating pump exports to Botswana exceeded the volume sent to the second major destination, Namibia (X units), threefold. China (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+13.2% per year) and China (+124.1% per year).

In value terms, China ($X) emerged as the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from South Africa, comprising 34% of total exports. The second position in the ranking was taken by Namibia ($X), with a 10% share of total exports. It was followed by Botswana, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +419.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+4.6% per year) and Botswana (-8.7% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, rising by 63% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuel or lubricating pump export price increased by +63.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into South Africa

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 15% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.2% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of fuel or lubricating pump to South Africa, with a 45% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Romania (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.9% per year) and Romania (+65.6% per year).

In value terms, China ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to South Africa, comprising 26% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.0% per year) and Germany (-7.1% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, rising by 13% against the previous year. In general, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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