Western Africa: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in Western Africa

In 2022, the West African motorcycle and scooter market decreased by X% to $X, falling for the third consecutive year after two years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Motorcycle And Scooter Production in Western Africa

In value terms, motorcycle and scooter production fell sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Motorcycle And Scooter Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of motorcycles and scooters, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, motorcycle and scooter exports reduced rapidly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Togo prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X units), comprising a X% share of total exports. Benin (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle and scooter exports from Togo stood at X%. At the same time, Ghana (X%) and Benin (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Togo (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Benin (X p.p.) displayed negative dynamics.

In value terms, Togo ($X) remains the largest motorcycle and scooter supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Togo, motorcycle and scooter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then shrank rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Motorcycle And Scooter Imports

Imports in Western Africa

In 2022, overseas purchases of motorcycles and scooters decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw measured growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, motorcycle and scooter imports fell to $X in 2022. Overall, imports, however, posted mild growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of motorcycle and scooter imports in 2022 were Mali (X units), Guinea (X units), Nigeria (X units) and Ghana (X units), together amounting to X% of total import. The following importers - Sierra Leone (X units), Liberia (X units) and Togo (X units) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported motorcycles and scooters in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Guinea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (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, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 Nigeria ($X per unit), while Liberia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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