Nigeria: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Nigeria

In 2022, the Nigerien motorcycle, scooter and side-car market decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Motorcycle, scooter and side-car consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Motorcycles, Scooters and Side-Cars in Nigeria

In value terms, motorcycle, scooter and side-car production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Nigeria

Motorcycle, scooter and side-car exports from Nigeria skyrocketed to X units in 2022, with an increase of X% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, motorcycle, scooter and side-car exports reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Central African Republic (X units), Benin (X units) and the Netherlands (X units) were the main destinations of motorcycle, scooter and side-car exports from Nigeria, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Benin ($X) emerged as the key foreign market for motorcycles, scooters and side-cars exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Central African Republic ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Benin stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average motorcycle, scooter and side-car export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Nigeria

In 2022, overseas purchases of motorcycles, scooters and side-cars decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, motorcycle, scooter and side-car imports declined to $X in 2022. Over the period under review, imports showed a slight setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of motorcycle, scooter and side-car to Nigeria, accounting for a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from India exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%.

In value terms, India ($X) constituted the largest supplier of motorcycles, scooters and side-cars to Nigeria, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%.

Import Prices by Country

The average motorcycle, scooter and side-car import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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