Western Africa: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Western Africa

In 2023, after three years of decline, there was significant growth in the West African market for motorcycles and cycles with an auxiliary motor, when its value increased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Western Africa

In value terms, production of motorcycles and cycles with an auxiliary motor expanded slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in Western Africa

In 2023, exports of motorcycles and cycles with an auxiliary motor in Western Africa rose significantly to X units, surging by X% on 2022 figures. In general, exports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor contracted sharply to $X in 2023. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Guinea was the key exporter of motorcycles and cycles with an auxiliary motor in Western Africa, with the volume of exports accounting for X units, which was near X% of total exports in 2023. Togo (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Benin (X%) and Cote d'Ivoire (X%). The following exporters - Niger (X units) and Nigeria (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to motorcycles and cycles with an auxiliary motor exports from Guinea stood at X%. At the same time, Togo (X%), Niger (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Guinea (X p.p.), Togo (X p.p.), Benin (X p.p.), Niger (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Togo ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Togo, exports of motorcycles and cycles with an auxiliary motor expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Benin (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price recorded a noticeable setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in Western Africa

After three years of decline, supplies from abroad of motorcycles and cycles with an auxiliary motor increased by X% to X units in 2023. Over the period under review, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of motorcycles and cycles with an auxiliary motor soared to $X in 2023. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Cote d'Ivoire (X units), Ghana (X units) and Nigeria (X units) represented the main importer of motorcycles and cycles with an auxiliary motor in Western Africa, achieving X% of total import. It was distantly followed by Burkina Faso (X units), constituting a X% share of total imports. The following importers - Togo (X units), Niger (X units) and Mali (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycles and cycles with an auxiliary motor importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total imports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2022, and then plummeted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform