Forecast: Import of Work Trucks Electrically Powered to South Africa

The import of electrically powered work trucks to South Africa exhibited significant fluctuations over the historical period from 2013 to 2023. After an initial increase in 2014, the import volume varied notably over the next several years, peaking and then declining significantly in 2016. From 2017 onwards, the imports began to stabilize, exhibiting slight year-on-year variations. The value stood at 110.33 thousand kilograms in 2023. Over the last two years, the import volume experienced a 0.14% year-on-year variation in 2023 and a 5.41% increase in 2022. The overall CAGR over the last five years is relatively flat at 0.15%.

Future trends to watch for include:

  • Steady growth with minimal annual increases as forecasted from 2024 to 2028.
  • Technological advancements in electric work trucks that could impact import volumes.
  • Policy changes favoring electric vehicles that might drive higher import rates.

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