Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (CIF) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (CIF) - 2024
In January 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $73,801 per unit, surging by 17% against the previous month. Overall, import price indicated a measured increase from January 2023 to January 2024: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs increased by +17.5% against December 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 48% m-o-m. Over the period under review, average import prices reached the peak figure in January 2024.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($241K per unit), while the price for Hungary ($19,448 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (FOB) - 2022
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $40,452 per unit in 2022, picking up by 5.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 160% against the previous year. As a result, the export price reached the peak level of $109,676 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($53,670 per unit), while the average price for exports to Germany ($30,610 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 Belgium (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs imported into South Africa skyrocketed to 6.1K units, with an increase of 37% against 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.9% 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 +95.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs surged to $315M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +88.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.3 | 23.4 | 85.7 | 89.8 | 54.6% |
| Germany | 115 | 71.8 | 68.5 | 74.3 | -13.6% |
| Japan | 15.7 | 11.7 | 36.3 | 49.5 | 46.6% |
| Slovakia | N/A | 10.3 | 31.4 | 44.0 | 106.7% |
| United Kingdom | 54.7 | 23.9 | 27.7 | 37.5 | -11.8% |
| Italy | 31.6 | 24.7 | 18.8 | 18.0 | -17.1% |
| Others | 1.4 | 0.9 | 0.3 | 1.4 | 0.0% |
| Total | 242 | 167 | 269 | 315 | 9.2% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to South Africa in 2022:
- United States (2383.0 units)
- Japan (1243.0 units)
- Germany (1211.0 units)
- Slovakia (758.0 units)
- United Kingdom (404.0 units)
- Italy (105.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs, when their volume decreased by -89.3% to 3K units. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2020 when exports increased by 74%. Over the period under review, the exports of reached the maximum at 28K units in 2021, and then contracted dramatically in the following year.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs contracted notably to $120M in 2022. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $1.1B, and then contracted sharply in the following year.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 305 | 144 | 140 | 33.8 | -52.0% |
| Japan | 28.2 | 8.4 | 2.7 | 26.8 | -1.7% |
| Australia | 43.4 | 60.1 | 55.0 | 14.1 | -31.3% |
| United Kingdom | 4.4 | 16.2 | 3.2 | 14.0 | 47.1% |
| Namibia | 4.3 | 4.7 | 8.9 | 6.5 | 14.8% |
| Botswana | 9.4 | 7.1 | 6.8 | 5.8 | -14.9% |
| Belgium | 37.0 | 18.2 | 16.1 | 2.6 | -58.7% |
| New Zealand | 1.8 | 2.7 | 5.6 | 1.9 | 1.8% |
| Taiwan (Chinese) | 31.4 | 14.3 | 7.6 | 1.3 | -65.4% |
| United States | 355 | 551 | 791 | 1.1 | -85.4% |
| Others | 70.7 | 37.6 | 30.3 | 12.0 | -44.6% |
| Total | 892 | 864 | 1,067 | 120 | -48.8% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from South Africa in 2022:
- Germany (1103.0 units)
- Japan (500.0 units)
- United Kingdom (360.0 units)
- Australia (343.0 units)
- Namibia (137.0 units)
- Botswana (108.0 units)
- New Zealand (56.0 units)
- Belgium (49.0 units)
- Taiwan (Chinese) (47.0 units)
- United States (28.0 units)
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