SADC: 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 SADC

The SADC market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded modestly to $X in 2023, surging by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023 estimated in export price. In general, production showed noticeable growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production of growth remained at a somewhat lower figure.

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

Exports in SADC

In 2023, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in SADC surged to X units, rising by X% against the year before. In general, exports, however, continue to indicate a perceptible slump. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023. Overall, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, South Africa (X units) represented the major exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in SADC, achieving X% of total export.

South Africa was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in SADC.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, picking up by X% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

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

Imports in SADC

In 2023, purchases abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank modestly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

South Africa (X units) and Mozambique (X units) represented the main importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in 2023, resulting at approx. X% and X% of total imports, respectively. Tanzania (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%). Namibia (X units) and Democratic Republic of the Congo (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

In South Africa, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform