Africa: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Africa

In 2022, the African market for electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, posted notable growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Africa

In value terms, lighting equipment for motor vehicles production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in Africa

In 2022, exports of electrical lighting or visual signaling equipment for motor vehicles and cycles in Africa dropped to X units, which is down by X% compared with the year before. In general, exports, however, showed mild growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Tunisia (X units) represented the key exporter of electrical lighting or visual signaling equipment for motor vehicles and cycles, achieving X% of total exports. It was distantly followed by Morocco (X units), comprising a X% share of total exports. South Africa (X units) took a relatively small share of total exports.

Tunisia experienced a relatively flat trend pattern with regard to volume of exports of electrical lighting or visual signaling equipment for motor vehicles and cycles. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest lighting equipment for motor vehicles supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco amounted to X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

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

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in Africa

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported in Africa declined modestly to X units, which is down by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, lighting equipment for motor vehicles imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units), distantly followed by Egypt (X units), Ghana (X units), Kenya (X units), Algeria (X units), Morocco (X units) and Tanzania (X units) represented the key importers of electrical lighting or visual signaling equipment for motor vehicles and cycles, together mixing up X% of total imports. Tunisia (X units), Sudan (X units), Cote d'Ivoire (X units), Senegal (X units), Djibouti (X units) and Guinea (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles importing markets in Africa were South Africa ($X), Morocco ($X) and Algeria ($X), with a combined X% share of total imports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 Africa stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

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 Morocco ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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