South Africa: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in South Africa

The South African market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021, jumping by 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from South Africa

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 34% to X tons, rising for the second year in a row after seven years of decline. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced slightly to $X in 2021. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 11%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Botswana (X tons), Namibia (X tons) and Zimbabwe (X tons) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from South Africa, together accounting for 53% of total exports. These countries were followed by Mozambique, Angola, Kenya, Zambia, Swaziland, Lesotho, Seychelles, the United States and France, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +35.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from South Africa were Zimbabwe ($X), Namibia ($X) and Botswana ($X), with a combined 47% share of total exports. Angola, Mozambique, Seychelles, Kenya, Zambia, the United States, Swaziland, Lesotho and France lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Kenya, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, declining by -26.1% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into South Africa

In 2021, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a abrupt downturn. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to South Africa, together comprising 84% of total imports. These countries were followed by Germany, Thailand, Canada and the UK, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +78.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to South Africa were Japan ($X), China ($X) and the United States ($X), together accounting for 88% of total imports. Thailand, Germany, Canada and the UK lagged somewhat behind, together accounting for a further 8.5%.

Canada, with a CAGR of +86.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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