Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (FOB) - 2023
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (CIF) - 2023
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (FOB) - 2023
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $17,065 per unit in December 2023, picking up by 5.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $17,070 per unit in August 2023; afterwards, it flattened through to December 2023.
Average prices varied noticeably for the major overseas markets. In December 2023, the highest price was recorded for prices to Zimbabwe ($19,454 per unit) and Namibia ($16,651 per unit), while the average price for exports to the UK ($16,506 per unit) and Germany ($16,539 per unit) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (CIF) - 2023
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $10,207 per unit in December 2023, rising by 25% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 28% m-o-m. Over the period under review, average import prices reached the maximum at $10,618 per unit in December 2022; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($13,964 per unit), while the price for China ($1,791 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa
In 2022, approx. 89K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were exported from South Africa; surging by 3.2% against 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. The exports peaked at 121K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs reduced to $1.4B in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 18%. The exports peaked at $1.4B in 2019; afterwards, it flattened through to 2022.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,155 | 994 | 1,171 | 1,237 | 2.3% |
| Japan | 124 | 107 | 101 | 83.1 | -12.5% |
| Australia | 65.6 | 46.8 | 68.2 | 7.0 | -52.6% |
| Others | 54.2 | 33.5 | 57.9 | 52.0 | -1.4% |
| Total | 1,399 | 1,182 | 1,398 | 1,379 | -0.5% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from South Africa in 2022:
- Germany (80.7K units)
- Japan (5.0K units)
- Australia (0.5K units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs imported into South Africa soared to 85K units, growing by 32% compared with 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs skyrocketed to $700M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 124 | 144 | 252 | 351 | 41.5% |
| Spain | 76.4 | 99.1 | 84.7 | 215 | 41.2% |
| Romania | 117 | 57.4 | 45.2 | 43.8 | -27.9% |
| South Korea | 38.9 | 8.2 | 27.9 | 32.9 | -5.4% |
| Indonesia | N/A | 8.3 | 34.5 | 30.8 | 92.6% |
| Slovenia | N/A | 0.4 | N/A | 14.4 | 500.0% |
| China | 1.7 | 1.3 | 5.4 | 3.3 | 24.7% |
| France | 49.6 | 6.7 | 6.8 | 0.8 | -74.7% |
| Germany | 69.6 | 39.5 | 9.5 | N/A | -63.1% |
| Others | 27.6 | 10.9 | 8.7 | 8.3 | -33.0% |
| Total | 504 | 375 | 475 | 700 | 11.6% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to South Africa in 2022:
- India (52.9K units)
- Spain (12.6K units)
- South Korea (5.0K units)
- Indonesia (4.8K units)
- Romania (3.8K units)
- China (2.7K units)
- Slovenia (1.3K units)
- France (0.1K units)
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