Africa: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Africa

In 2022, the African petroleum-engine cargo trucks market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a modest increase 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. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Petroleum-Engine Cargo Trucks Production in Africa

In value terms, petroleum-engine cargo trucks production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed tangible growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Petroleum-Engine Cargo Trucks Exports

Exports in Africa

In 2022, overseas shipments of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, petroleum-engine cargo trucks exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Zambia (X units) and Mali (X units) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) and Mali (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest petroleum-engine cargo trucks supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports.

In South Africa, petroleum-engine cargo trucks exports 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: Mali (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by X% against the previous year. Overall, the export price recorded a mild contraction. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per unit), while Zambia ($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 a decline in the export price figures.

Petroleum-Engine Cargo Trucks Imports

Imports in Africa

Petroleum-engine cargo trucks imports surged to X units in 2022, with an increase of X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, petroleum-engine cargo trucks imports expanded notably to $X in 2022. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria (X units) and Burkina Faso (X units) represented the major importers of goods vehicles, with spark-ignition internal combustion piston engine in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Zambia (X units), Libya (X units), Tanzania (X units), Cameroon (X units) and Cote d'Ivoire (X units), together comprising a X% share of total imports. The following importers - Angola (X units), South Africa (X units), Algeria (X units), Namibia (X units), Togo (X units) and Djibouti (X units) - together made up X% of total imports.

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

In value terms, Nigeria ($X), Zambia ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Libya, South Africa, Angola, Namibia, Cote d'Ivoire, Djibouti, Tanzania, Cameroon, Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Algeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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