https://www.engineeringnews.co.za

SA new-vehicle exports into Africa plummet 73% since 2013

3rd April 2017

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review.

Export sales of new vehicles have declined from 78 787 units in 2013, to 61 839 units in 2014, 42 234 units in 2015 and 21 564 units in 2016.

In contrast to this, exports to Europe continue to grow, increasing from 79 819 units in 2013, to 195 764 units in 2016. Exports to Asia have also jumped, from 36 482 units in 2013, to 47 616 units in 2015.

Naamsa notes that vehicle exports to Europe increased from a “high base” in 2016, while export sales to Asia showed “remarkable growth”.

The decline in vehicle exports to Africa has been spurred on by “a combination of factors, including ad-hoc duty increases (Nigeria, Zimbabwe), regulatory restrictions (Algeria) and continued weak economic conditions in most African countries”.

Naamsa’s newest business review also notes that employment in the industry has been declining.

Industry employment as at December 31, 2016, totalled 29 489 people, which is 1 900 less compared with the 31 389 people employed at the end of the third quarter of 2016.

Naamsa says fourth quarter 2016 employment levels declined “owing to the layoff of temporary workers at three major industry plants”.

The average monthly industry employment number for 2016 was 30 953 people, compared with 2015’s 31 260 people.

Naamsa notes that South Africa’s seven major car and bakkie manufacturers, as well as various truck producers, are expected to have a capital expenditure (capex) budget of R8.1-billion in 2017, up from R6.4-billion in 2016.

Naamsa expects total domestic production to reach 640 200 units in 2017, up from 2016’s 599 004 units.

Exports are expected to grow from 344 859 units in 2016, to 375 200 units in 2017.

 

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.216 0.271s - 137pq - 2rq
Subscribe Now