Fire-Fighting Vehicle Market in South Africa
Market Overview
In 
, after two years of growth, there was significant decline in the South African fire-fighting vehicle market, when its value decreased by -% to $. Overall, the total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. Over the period under review, the market hit record highs at $ in , and then reduced in the following year.
In value terms, fire-fighting vehicle production dropped to $ in estimated in export price. Over the period under review, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of %. Fire-fighting vehicle production peaked at $ in , and then declined in the following year.
, after two years of growth, there was significant decline in the South African fire-fighting vehicle market, when its value decreased by -% to $. Overall, the total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. Over the period under review, the market hit record highs at $ in , and then reduced in the following year.In value terms, fire-fighting vehicle production dropped to $
in estimated in export price. Over the period under review, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of %. Fire-fighting vehicle production peaked at $ in , and then declined in the following year.Consumption
In , consumption of fire-fighting vehicles in South Africa rose slightly to units, increasing by % on the previous year. Overall, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Fire-fighting vehicle consumption peaked at units in ; however, from to , consumption stood at a somewhat lower figure.
The value of the fire-fighting vehicle market in South Africa expanded to $ in , surging 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, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Fire-fighting vehicle consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.
, consumption of fire-fighting vehicles in South Africa rose slightly to units, increasing by % on the previous year. Overall, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Fire-fighting vehicle consumption peaked at units in ; however, from to , consumption stood at a somewhat lower figure.The value of the fire-fighting vehicle market in South Africa expanded to $
in , surging 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, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Fire-fighting vehicle consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for fire-fighting vehicles in South Africa, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase 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
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 fire-fighting vehicle; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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