May 06, 2022 Automotive Industry Export Council, AIEC, Automotive Export Manual, Dr Norman Lamprecht
SA Motor Industry: Good news that keeps getting better!
The Automotive Industry Export Council launched its iconic Automotive Export Manual for 2022 on Friday 6 May.
The Manual provides an oversight of the SA motor industry and is the most authoritative reflection of the “state of the nation” in the Industry.During 2021, Vehicle and automotive component exports increased by a substantial R31,8 billion, or 18,1%, from the R175,7 billion in 2020 to a record R207,5 billion in 2021, comprising 12,5% of total South African exports.
Vehicle exports increased by 26 733 units to 298 020 units in 2021, from the 271 287 vehicles exported in 2020, while the export value increased by R17,1 billion from the R121,2 billion in 2020 to R138,3 billion in 2021. Automotive component exports reflected a substantial increase of R14, 7 billion to a record R69, 2billion in 2021, from the R54, 5 billion in 2020. This was mainly due to record catalytic converter exports of R34, 9 billion. The domestic automotive industry’s export destinations increased to 152 countries in 2021 from the 147 destinations in 2020, with the export value doubling from 2020 to 2021 in the case of 32 of these countries.
The automotive sector continues to remain one of the most visible sectors receiving foreign investments, with the seven OEMs investing R8, 8 billion in 2021, the second highest annual figure on record, while the component manufacturing sector invested a record R5, 7 billion. In 2021, the broader automotive industry’s contribution to the SA gross domestic product (GDP) comprised 4, 3% (2, 4% manufacturing and 1, 9% retail). These headline figures aptly reflect the fact that the automotive sector has sharply rebounded from the slump in activity caused through the covid pandemic.
It is notable that the AIEC , in cooperation with the Department of Trade, Industry and Competition (dtic), naamsa|The Automotive Business Council and other stakeholders are actively researching the opportunities presented by New Energy Vehicles (NEV’s) which are selling in ever-increasing numbers (6,6 million units in 2021, representing 11,7% of the global passenger car market). It is truly comforting to know that our industry and the dtic are taking positive steps in planning for the SA automotive industry to stay relevant and viable as new technologies develop.
Dr. Norman Lamprecht, Executive Manager at the AIEC as well as naamsa|The Automotive Business Council who authors and compiles the Automotive Export Manual, deserves our grateful thanks and appreciation for the leading role he plays in ensuring that South Africa’s Automotive Industry is able to present such an authoritative and professional reference manual to the world. It inspires confidence in what South Africa is capable of!
The AIEC media release may be accessed here. A copy of the 2022 Automotive Export Manual may be downloaded at www.aiec.co.za
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