Africa: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Africa

The African market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X in 2023, increasing by X% against the previous year. Overall, consumption showed modest growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Africa

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2023 estimated in export price. In general, production enjoyed a measured expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Africa

In 2023, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by X% to X units, rising for the fourth year in a row after seven years of decline. In general, exports, however, recorded a noticeable slump. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023. Over the period under review, exports showed pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Nigeria (X units) and South Africa (X units) was the major exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Africa, achieving X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%).

In value terms, South Africa ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2022, and then declined notably in the following year.

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 Nigeria totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Africa

In 2023, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported in Africa skyrocketed to X units, jumping by X% compared with 2022. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded slightly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Egypt represented the largest importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Africa, with the volume of imports resulting at X units, which was near X% of total imports in 2023. It was distantly followed by South Africa (X units) and Mozambique (X units), together achieving a X% share of total imports. The following importers - Tanzania (X units), Morocco (X units), Zimbabwe (X units), Nigeria (X units) and Ghana (X units) - together made up X% of total imports.

Imports into Egypt increased at an average annual rate of X% from 2012 to 2023. At the same time, Mozambique (X%), Zimbabwe (X%), Morocco (X%), Tanzania (X%), Ghana (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Nigeria experienced a relatively flat trend pattern. While the share of Egypt (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform