Western Africa: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Western Africa

The West African motorcycle or bicycle tyre market amounted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, saw prominent growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Motorcycles or Bicycles in Western Africa

In value terms, motorcycle or bicycle tyre production rose modestly to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in Western Africa

Motorcycle or bicycle tyre exports fell significantly to X units in 2022, dropping by X% against the previous year. Over the period under review, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports shrank to $X in 2022. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Togo (X units), creating a X% share of total exports. The following exporters - Cote d'Ivoire (X units) and Mali (X units) - together made up X% of total exports.

Ghana was also the fastest-growing in terms of the tyres for motorcycles or bicycles exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. By contrast, Mali (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.), Cote d'Ivoire (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest motorcycle or bicycle tyre supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Ghana, motorcycle or bicycle tyre exports expanded 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 Togo (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 ($X per unit), while Togo ($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.

Imports of Tyres For Motorcycles or Bicycles

Imports in Western Africa

In 2022, motorcycle or bicycle tyre imports in Western Africa contracted sharply to X units, reducing by X% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports declined modestly to $X in 2022. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mali (X units), Ghana (X units) and Guinea (X units) was the largest importer of tyres for motorcycles or bicycles in Western Africa, creating X% of total import. Nigeria (X units) ranks next in terms of the total imports with a X% share, followed by Gambia (X%) and Cote d'Ivoire (X%).

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

In value terms, Guinea ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Guinea, with a CAGR of X%, saw 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 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mali ($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 more modest paces of growth.

Source: IndexBox Platform

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