Western Africa: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Western Africa

The West African special vehicle body market declined modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted measured growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Special Vehicle Body Production in Western Africa

In value terms, special vehicle body production dropped to $X in 2022 estimated in export price. The total production indicated a resilient 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Special Vehicle Body Exports

Exports in Western Africa

In 2022, exports of bodies for special purpose motor vehicles in Western Africa dropped dramatically to X units, which is down by X% compared with the previous year's figure. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, special vehicle body exports dropped markedly to $X in 2022. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the key exporting country with an export of around X units, which recorded X% of total exports. Ghana (X units) took the second position in the ranking, followed by Niger (X units) and Mali (X units). All these countries together took approx. X% share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. Ghana and Niger experienced a relatively flat trend pattern. Mali (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X), Niger ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a significant curtailment. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

Special Vehicle Body Imports

Imports in Western Africa

In 2022, special vehicle body imports in Western Africa rose to X units, with an increase of X% on the previous year. Overall, imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports dropped slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Ghana prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. It was distantly followed by Togo (X units) and Guinea (X units), together committing an X% share of total imports. Mauritania (X units), Senegal (X units) and Cote d'Ivoire (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, Togo (X%), Mauritania (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) and Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.), Mauritania (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with a X% share of total imports. It was followed by Mauritania, with a X% share.

In Ghana, special vehicle body imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Togo (X% per year) and Mauritania (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per unit), while Guinea ($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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