Western Africa: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Western Africa

The West African transportation vehicle body market reduced slightly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Transportation Vehicle Body Production in Western Africa

In value terms, transportation vehicle body production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Transportation Vehicle Body Exports

Exports in Western Africa

In 2022, exports of bodies for motor vehicles for the transporting people in Western Africa totaled less than X units, standing approx. at the previous year. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, transportation vehicle body exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Ghana (X units) represented the major exporter of bodies for motor vehicles for the transporting people, comprising X% of total exports. It was distantly followed by Guinea (X units), mixing up a X% share of total exports.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of bodies for motor vehicles for the transporting people. Guinea experienced a relatively flat trend pattern. From 2012 to 2020, the share of Ghana and Guinea increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest transportation vehicle body supplying countries in Western Africa were Ghana ($X) and Guinea ($X).

Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2020, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Guinea ($X per unit), while Ghana amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Guinea (X%).

Transportation Vehicle Body Imports

Imports in Western Africa

In 2022, supplies from abroad of bodies for motor vehicles for the transporting people increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, transportation vehicle body imports surged to $X in 2022. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the largest importer of bodies for motor vehicles for the transporting people in Western Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Mauritania (X units) held the second position in the ranking, distantly followed by Nigeria (X units). All these countries together took near X% share of total imports. Senegal (X units) took a little share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria experienced a relatively flat trend pattern. While the share of Ghana (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. These countries were followed by Mauritania, which accounted for a further X%.

Mauritania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Nigeria ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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