Snow Motor Vehicle Market in South Africa
Market Overview
The South African snow motor vehicle market surged to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a strong expansion. Snow motor vehicle consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a strong expansion. Snow motor vehicle consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Consumption
In , the amount of motor vehicles for travelling on snow or golf cars consumed in South Africa soared to units, with an increase of % compared with figures. Over the period under review, consumption posted a prominent increase. Over the period under review, consumption reached the maximum volume at units in 2011; however, from 2012 to , consumption remained at a lower figure.
The revenue of the snow motor vehicle market in South Africa skyrocketed to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a resilient expansion. Snow motor vehicle consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
, the amount of motor vehicles for travelling on snow or golf cars consumed in South Africa soared to units, with an increase of % compared with figures. Over the period under review, consumption posted a prominent increase. Over the period under review, consumption reached the maximum volume at units in 2011; however, from 2012 to , consumption remained at a lower figure.The revenue of the snow motor vehicle market in South Africa skyrocketed to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a resilient expansion. Snow motor vehicle consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.Market Forecast
The snow motor vehicle market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Snow motor vehicle market in South Africa consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
South Africa remains a net importer of snow motor vehicle; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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