Africa: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Africa

The African internal combustion engines market skyrocketed to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Africa

In value terms, internal combustion engines production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports in Africa

In 2023, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports reduced to $X in 2023. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was near X% of total exports in 2023. The following exporters - Morocco (X units) and Zambia (X units) - each recorded an X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Morocco and Zambia increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest internal combustion engines supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, internal combustion engines exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Internal Combustion Engines Imports

Imports in Africa

In 2023, purchases abroad of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, internal combustion engines imports dropped to $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

South Africa was the largest importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Morocco (X units), committing a X% share of total imports. Madagascar (X units) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to internal combustion engines imports into South Africa stood at X%. At the same time, Madagascar (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. South Africa (X p.p.) and Madagascar (X p.p.) significantly strengthened its position in terms of the total imports, while Morocco saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Morocco ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports.

In Morocco, internal combustion engines imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Madagascar (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform