South Africa: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in South Africa

In 2021, the South African internal combustion engines market decreased by -2.2% to $X, falling for the eighth consecutive year after two years of growth. In general, consumption saw a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Internal Combustion Engines Production in South Africa

In value terms, internal combustion engines production expanded to $X in 2021 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from South Africa

In 2021, shipments abroad of motor vehicles compression-ignition internal combustion piston engines increased by 40% to X units, rising for the third consecutive year after four years of decline. In general, exports recorded a moderate increase. The growth pace was the most rapid in 2019 when exports increased by 68% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports rose notably to $X in 2021. Over the period under review, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2019 with an increase of 59%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Turkey (X units) and Russia (X units) were the main destinations of internal combustion engines exports from South Africa, together accounting for 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +600.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Zambia ($X) and Turkey ($X) appeared to be the largest markets for internal combustion engines exported from South Africa worldwide, with a combined 55% share of total exports. These countries were followed by Russia, Botswana, Namibia, Uruguay, the United States and India, which together accounted for a further 33%.

Russia, with a CAGR of +433.1%, saw 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 2021, the average internal combustion engines export price amounted to $X per unit, which is down by -19.8% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to Germany ($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 Botswana (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into South Africa

In 2021, supplies from abroad of motor vehicles compression-ignition internal combustion piston engines decreased by -1.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a perceptible descent. The growth pace was the most rapid in 2018 when imports increased by 32%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, internal combustion engines imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 44%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), South Korea (X units) and India (X units) were the main suppliers of internal combustion engines imports to South Africa, with a combined 43% share of total imports. These countries were followed by the United States, Japan, Germany, China, Italy, France and Singapore, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines suppliers to South Africa were Germany ($X), the United States ($X) and India ($X), with a combined 60% share of total imports.

In terms of the main suppliers, India, with a CAGR of +25.0%, recorded the highest rates of growth with regard to 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

The average internal combustion engines import price stood at $X per unit in 2021, with an increase of 32% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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