Western Africa: Invalid Carriage Market 2024

Invalid Carriage Market Size in Western Africa

In 2022, the West African invalid carriage market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Invalid Carriage Production in Western Africa

In value terms, invalid carriage production rose to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Invalid Carriage Exports

Exports in Western Africa

Invalid carriage exports skyrocketed to X units in 2022, growing by X% compared with the previous year's figure. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, invalid carriage exports skyrocketed to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Nigeria (X units), making up a X% share of total exports. The following exporters - Ghana (X units) and Cote d'Ivoire (X units) - each reached an X% share of total exports.

Senegal was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, the largest invalid carriage supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Invalid Carriage Imports

Imports in Western Africa

In 2022, approx. X units of invalid carriages not mechanically propelled were imported in Western Africa; picking up by X% compared with 2021 figures. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, invalid carriage imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the largest importing country with an import of about X units, which reached X% of total imports. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%). The following importers - Niger (X units), Mauritania (X units), Senegal (X units) and Liberia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to invalid carriage imports into Nigeria stood at X%. At the same time, Liberia (X%), Cote d'Ivoire (X%), Niger (X%), Senegal (X%), Ghana (X%) and Mauritania (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.), Niger (X p.p.), Mauritania (X p.p.), Liberia (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, invalid carriage imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the 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 ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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