14 Facts and figures about the SA automotive industry
Here are some interesting stats, according to the National Association of Automobile Manufacturers of South Africa.
1. South Africa is the only country on the African continent that hosts seven major auto manufacturers.
2. The automotive industry contributes 6.9 percent to GDP (4.4 percent manufacturing and 2.5 percent retail).
3. The automotive industry is the largest manufacturing sector in the country’s economy.
4. Total automotive revenue in South Africa amounted to R503-billion in 2018.
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5. In 2018, the export of vehicles and automotive components reached a record amount of R201,7-billion, equating to 15,5 percent of South Africa’s total exports.
6. The industry accounts for 30.1 percent of the country’s manufacturing output.
7. South Africa is an export-oriented industry and has exported 64,1 percent of light vehicle production in 2019.
8. A record 387 125 vehicles worth a record R148,0-billion, along with a record R53,7-billion in automotive components were exported in 2019.
9. Exports to the European Union comprised 285 599 units or 73,8 percent.
10. Vehicles and components are exported to a record 151 international markets.
11. The automotive industry is the country’s fifth largest exporting sector out of all 104 sectors and accounts 13.9 percent of total exports.
12. A substantial 27,6 percent of value addition within the domestic manufacturing output was derived from vehicle and automotive component manufacturing activity.
13. The manufacturing segment of the industry presently employs more than 112,250 people across its various tiers of activity (from component manufacturing to vehicle assembly).
14. Combined with the industry’s strong multiplier effect, the industry is responsible for approximately 457,000 jobs across the South African economy’s formal sector.
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