Western Africa: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Western Africa

In 2022, the West African motorcycle, scooter and side-car market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, showed prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Motorcycles, Scooters and Side-Cars in Western Africa

In value terms, motorcycle, scooter and side-car production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Motorcycles, Scooters and Side-Cars

Exports in Western Africa

In 2022, overseas shipments of motorcycles, scooters and side-cars decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, motorcycle, scooter and side-car exports contracted rapidly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Togo dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X units), mixing up a X% share of total exports. The following exporters - Senegal (X units) and Benin (X units) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle, scooter and side-car exports from Togo stood at X%. At the same time, Ghana (X%), Benin (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Togo (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Benin and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Togo ($X) remains the largest motorcycle, scooter and side-car supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Togo stood at X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed moderate growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Imports of Motorcycles, Scooters and Side-Cars

Imports in Western Africa

In 2022, overseas purchases of motorcycles, scooters and side-cars decreased by X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, motorcycle, scooter and side-car imports fell to $X in 2022. Over the period under review, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Mali (X units), Guinea (X units), Nigeria (X units) and Ghana (X units) represented roughly X% of total imports in 2022. The following importers - Sierra Leone (X units), Togo (X units) and Liberia (X units) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported motorcycles, scooters and side-cars in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Guinea, with an X% share.

In Nigeria, motorcycle, scooter and side-car imports decreased by 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: Ghana (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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