Western Africa: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Western Africa

The West African motor vehicle engine market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a pronounced slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Motor Vehicle Engine Production in Western Africa

In value terms, motor vehicle engine production fell modestly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Engine Exports

Exports in Western Africa

In 2022, exports of motor vehicle engines (spark-ignition) in Western Africa fell sharply to X units, with a decrease of X% against the year before. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor vehicle engine exports expanded remarkably to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana prevails in exports structure, recording X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units), Senegal (X units) and Gambia (X units) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, 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 ($X) remains the largest motor vehicle engine supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Gambia, with a X% share.

In Ghana, motor vehicle engine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Gambia (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, saw a mild curtailment. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Motor Vehicle Engine Imports

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas purchases of motor vehicle engines (spark-ignition), when their volume decreased by X% to X units. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, motor vehicle engine imports dropped remarkably to $X in 2022. In general, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X units) represented the largest importer of motor vehicle engines (spark-ignition), constituting X% of total imports. Nigeria (X units) took the second position in the ranking, followed by Mali (X units), Burkina Faso (X units) and Senegal (X units). All these countries together held approx. X% share of total imports. The following importers - Guinea (X units) and Cote d'Ivoire (X units) - each accounted for a X% share of total imports.

Ghana was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Burkina Faso (X%), Mali (X%), Cote d'Ivoire (X%), Guinea (X%) and Nigeria (X%) displayed positive paces of growth. From 2012 to 2022, the share of Ghana, Burkina Faso and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Mali ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, motor vehicle engine 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: Mali (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Cote d'Ivoire ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :