Western Africa: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Western Africa

The West African road tractor for semi-trailer market dropped modestly to $X in 2022, falling by X% against the previous year. In general, consumption recorded a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Road Tractors For Semi-Trailers in Western Africa

In value terms, road tractor for semi-trailer production shrank modestly to $X in 2022 estimated in export price. Overall, production posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Western Africa

In 2022, shipments abroad of road tractors for semi-trailers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a noticeable slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, road tractor for semi-trailer exports declined notably to $X in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then plummeted in the following year.

Exports by Country

The shipments of the seven major exporters of road tractors for semi-trailers, namely Ghana, Mauritania, Mali, Niger, Burkina Faso, Benin and Senegal, represented more than two-thirds of total export.

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

In value terms, the largest road tractor for semi-trailer supplying countries in Western Africa were Burkina Faso ($X), Ghana ($X) and Mauritania ($X), together accounting for X% of total exports. Mali, Senegal, Benin and Niger lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Burkina Faso ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in Western Africa

In 2022, after six years of growth, there was significant decline in supplies from abroad of road tractors for semi-trailers, when their volume decreased by X% to X units. In general, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021, and then declined sharply in the following year.

In value terms, road tractor for semi-trailer imports shrank significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Cote d'Ivoire (X units), Ghana (X units) and Guinea (X units) represented the main importer of road tractors for semi-trailers in Western Africa, committing X% of total import. It was distantly followed by Mali (X units) and Nigeria (X units), together mixing up a X% share of total imports. The following importers - Niger (X units), Togo (X units) and Sierra Leone (X units) - together made up X% 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 Guinea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer importing markets in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Guinea ($X), with a combined X% share of total imports.

In terms of the main importing countries, Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained 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 Niger ($X per unit), while Sierra Leone ($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 a decline in the import price figures.

Source: IndexBox Platform

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