South Africa: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in South Africa

The South African market for motorcycles and cycles with an auxiliary motor was estimated at $X in 2023, remaining constant against the previous year. Overall, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in South Africa

In value terms, production of motorcycles and cycles with an auxiliary motor rose modestly to $X in 2023 estimated in export price. Overall, production saw a mild expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from South Africa

After three years of decline, overseas shipments of motorcycles and cycles with an auxiliary motor increased by X% to X units in 2023. In general, exports posted perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, exports of motorcycles and cycles with an auxiliary motor soared to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Uganda (X units), Tanzania (X units) and Madagascar (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from South Africa, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycles and cycles with an auxiliary motor exported from South Africa were Uganda ($X), Madagascar ($X) and Tanzania ($X), with a combined X% share of total exports.

Uganda, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into South Africa

In 2023, imports of motorcycles and cycles with an auxiliary motor into South Africa declined remarkably to X units, with a decrease of X% against the year before. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor shrank sharply to $X in 2023. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to South Africa, accounting for a X% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Japan (X% per year).

In value terms, Austria ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to South Africa, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform