ECOWAS: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in ECOWAS

In 2023, the ECOWAS market for motorcycles and cycles with an auxiliary motor increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in ECOWAS

In value terms, production of motorcycles and cycles with an auxiliary motor expanded slightly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in ECOWAS

In 2023, exports of motorcycles and cycles with an auxiliary motor in ECOWAS expanded notably to X units, with an increase of X% on the year before. Over the period under review, exports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of hit record highs at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor contracted remarkably to $X in 2023. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Guinea (X units) represented the key exporter of motorcycles and cycles with an auxiliary motor, mixing up X% of total exports. Togo (X units) took the second position in the ranking, distantly followed by Benin (X units) and Cote d'Ivoire (X units). All these countries together took approx. X% share of total exports. The following exporters - Niger (X units) and Nigeria (X units) - together made up X% of total exports.

Exports from Guinea increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%), Niger (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Guinea (X p.p.), Togo (X p.p.), Benin (X p.p.), Niger (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Togo ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Togo, exports of motorcycles and cycles with an auxiliary motor expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Benin (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in ECOWAS

In 2023, purchases abroad of motorcycles and cycles with an auxiliary motor was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor soared to $X in 2023. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of motorcycles and cycles with an auxiliary motor in 2023 were Cote d'Ivoire (X units), Ghana (X units) and Nigeria (X units), together recording X% of total import. It was distantly followed by Burkina Faso (X units), mixing up a X% share of total imports. Togo (X units), Niger (X units) and Mali (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

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

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2022, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform