Western Africa: Starter Battery Market 2024

Starter Battery Market Size in Western Africa

In 2022, after three years of growth, there was significant decline in the West African starter battery market, when its value decreased by X% to $X. In general, consumption, however, posted a resilient increase. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Starter Battery Production in Western Africa

In value terms, starter battery production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Starter Battery Exports

Exports in Western Africa

In 2022, shipments abroad of lead-acid accumulators for starting piston engines decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, starter battery exports contracted markedly to $X in 2022. Over the period under review, exports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Togo represented the main exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Ghana (X units), comprising a X% share of total exports. The following exporters - Senegal (X units), Niger (X units), Guinea-Bissau (X units) and Mali (X units) - together made up X% of total exports.

Togo was also the fastest-growing in terms of the lead-acid accumulators for starting piston engines exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Niger (X%) and Guinea-Bissau (X%) displayed positive paces of growth. By contrast, Mali (X%) and Senegal (X%) illustrated a downward trend over the same period. Togo (X p.p.), Ghana (X p.p.), Niger (X p.p.) and Guinea-Bissau (X p.p.) significantly strengthened its position in terms of the total exports, while Mali and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Togo ($X) remains the largest starter battery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with an X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Togo stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Guinea-Bissau ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Starter Battery Imports

Imports in Western Africa

In 2022, supplies from abroad of lead-acid accumulators for starting piston engines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, starter battery imports declined to $X in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Ghana (X units) represented the largest importer of lead-acid accumulators for starting piston engines, achieving X% of total imports. Guinea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%). Cote d'Ivoire (X units), Gambia (X units), Liberia (X units), Nigeria (X units) and Senegal (X units) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Mali (X%), Guinea (X%), Liberia (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Mali (X p.p.), Guinea (X p.p.) and Gambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported lead-acid accumulators for starting piston engines in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Mali ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Ghana, starter battery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mali (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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