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South Africa - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPassenger Car Price in South Africa - 2023
Contents:
- Passenger Car Price in South Africa (FOB) - 2023
- Passenger Car Price in South Africa (CIF) - 2023
- Passenger Car Exports in South Africa
- Passenger Car Imports in South Africa
Passenger Car Price in South Africa (FOB) - 2023
In July 2023, the average passenger car export price amounted to $25,864 per unit, shrinking by -8.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in February 2023 when the average export price increased by 35% against the previous month. The export price peaked at $28,219 per unit in June 2023, and then contracted in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Spain ($35,636 per unit), while the average price for exports to Zimbabwe ($18,689 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Price in South Africa (CIF) - 2023
In July 2023, the average passenger car import price amounted to $15,324 per unit, falling by -11.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 42% m-o-m. The import price peaked at $17,324 per unit in June 2023, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($38,241 per unit), while the price for India ($7,439 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Exports in South Africa
Passenger car exports from South Africa rose markedly to 228K units in 2022, surging by 14% against the previous year. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at 312K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, passenger car exports rose markedly to $5.8B in 2022. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. Over the period under review, the exports reached the peak figure at $6.7B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Passenger Car in South Africa (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Germany | 3,559 | 2,562 | 2,826 | -10.9% | |
United States | 358 | 600 | 802 | 49.7% | |
Australia | 212 | 289 | 280 | 14.9% | |
Belgium | 727 | 288 | 267 | -39.4% | |
Japan | 423 | 312 | 245 | -23.9% | |
United Kingdom | 452 | 217 | 227 | -29.1% | |
Spain | 139 | 172 | 159 | 7.0% | |
South Korea | 167 | 83.0 | 38.5 | -52.0% | |
Others | 664 | 85.4 | 509 | -12.4% | |
Total | 6,700 | 4,610 | 5,353 | -10.6% |
Top Export Markets for Passenger Car from South Africa in 2022:
- Germany (119.5K units)
- United States (21.7K units)
- Australia (10.5K units)
- Japan (10.3K units)
- Belgium (7.4K units)
- United Kingdom (7.0K units)
- Spain (4.4K units)
- South Korea (1.1K units)
Passenger Car Imports in South Africa
Passenger car imports into South Africa surged to 338K units in 2022, jumping by 38% compared with the previous year. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, passenger car imports surged to $4.5B in 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 51%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Passenger Car in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 772 | 486 | 954 | 11.2% | |
Germany | 884 | 433 | 511 | -24.0% | |
Japan | 532 | 321 | 360 | -17.7% | |
China | 103 | 95.8 | 191 | 36.2% | |
South Korea | 158 | 54.0 | 169 | 3.4% | |
Spain | 186 | 140 | 161 | -7.0% | |
United Kingdom | 178 | 92.1 | 97.0 | -26.2% | |
Romania | 163 | 57.9 | 66.5 | -36.1% | |
Indonesia | 67.2 | 34.8 | 59.3 | -6.1% | |
Thailand | 114 | 43.2 | 44.6 | -37.5% | |
Namibia | 24.4 | 15.3 | 0.1 | -93.6% | |
Singapore | 20.1 | 11.9 | N/A | -40.8% | |
Others | 595 | 321 | 560 | -3.0% | |
Total | 3,796 | 2,107 | 3,174 | -8.6% |
Top Suppliers of Passenger Car to South Africa in 2022:
- Namibia (undefinedK units)
- India (123.1K units)
- Japan (49.4K units)
- China (21.6K units)
- Germany (17.2K units)
- South Korea (14.7K units)
- Spain (8.3K units)
- Indonesia (7.8K units)
- Romania (5.6K units)
- United Kingdom (3.2K units)
- Thailand (2.8K units)
This report provides an in-depth analysis of the passenger car market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
- Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
- Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
- Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
- Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
- Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102410 -
- Prodcom 29102430 -
- Prodcom 29102450 -
- Prodcom 29102490 -
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
Discover the top import markets around the world for snow or golf motor vehicles. Learn about the key countries driving the demand for these specialized vehicles.
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
Discover the top import markets around the world for snow or golf motor vehicles. Learn about the key countries driving the demand for these specialized vehicles.