South Africa: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in South Africa

The South African outboard boat motors market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw a noticeable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Outboard Boat Motors Production in South Africa

In value terms, outboard boat motors production rose notably to $X in 2022 estimated in export price. In general, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Outboard Boat Motors Exports

Exports from South Africa

Outboard boat motors exports from South Africa soared to X units in 2022, growing by X% compared with 2021. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors exports surged to $X in 2022. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for outboard boat motors exports from South Africa, with a X% share of total exports. Moreover, outboard boat motors exports to Romania exceeded the volume sent to the second major destination, Kenya (X units), fourfold. Seychelles (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Seychelles (X% per year).

In value terms, the largest markets for outboard boat motors exported from South Africa were Seychelles ($X), Mozambique ($X) and Angola ($X), with a combined X% share of total exports. Zimbabwe, Zambia, Namibia, British Virgin Islands, Romania, Botswana, Kenya, Nigeria and Mauritius lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kenya, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average outboard boat motors export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Outboard Boat Motors Imports

Imports into South Africa

In 2022, overseas purchases of outboard motors for marine propulsion increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Japan (X units) constituted the largest outboard boat motors supplier to South Africa, accounting for a X% share of total imports. Moreover, outboard boat motors imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Japan ($X) constituted the largest supplier of outboard motors for marine propulsion to South Africa, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average outboard boat motors import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Netherlands ($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 Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :