Market for Goods Vehicle, With Compression-Ignition Internal Combustion Piston Engine in South Africa
Market Overview
In 
, the South African market for goods vehicles, with compression-ignition internal combustion piston engine decreased by -% to $, falling for the second year in a row after two years of growth. In general, consumption, however, enjoyed moderate growth. Consumption of peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.
In value terms, production of goods vehicles, with compression-ignition internal combustion piston engine fell slightly to $ in estimated in export price. Over the period under review, production, however, showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Production of peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.
, the South African market for goods vehicles, with compression-ignition internal combustion piston engine decreased by -% to $, falling for the second year in a row after two years of growth. In general, consumption, however, enjoyed moderate growth. Consumption of peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.In value terms, production of goods vehicles, with compression-ignition internal combustion piston engine fell slightly to $
in estimated in export price. Over the period under review, production, however, showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Production of peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.Consumption
In , the amount of goods vehicles, with compression-ignition internal combustion piston engine consumed in South Africa shrank to units, which is down by -% against the previous year's figure. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption of attained the peak volume at units in 2012; however, from 2013 to , consumption failed to regain momentum.
The value of the market for goods vehicles, with compression-ignition internal combustion piston engine in South Africa declined slightly to $ in , dropping 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). In general, consumption, however, recorded a measured expansion. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
, the amount of goods vehicles, with compression-ignition internal combustion piston engine consumed in South Africa shrank to units, which is down by -% against the previous year's figure. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption of attained the peak volume at units in 2012; however, from 2013 to , consumption failed to regain momentum.The value of the market for goods vehicles, with compression-ignition internal combustion piston engine in South Africa declined slightly to $
in , dropping 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). In general, consumption, however, recorded a measured expansion. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.Market Forecast
The market for goods vehicle, with compression-ignition internal combustion piston engine is expected to start a downward consumption trend over the next eight years. 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
The growth in the share of South Africa imports of in the goods vehicle, with compression-ignition internal combustion piston engine market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. 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.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. 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.Trade Balance
South Africa remains a net exporter of goods vehicle, with compression-ignition internal combustion piston engine; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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