Africa: Passenger Car Market 2024

Passenger Car Market Size in Africa

The African passenger car market expanded slightly to $X in 2021, picking up by 3.3% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Production in Africa

In value terms, passenger car production expanded significantly to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Passenger Car Exports

Exports in Africa

In 2021, passenger car exports in Africa was estimated at X units, increasing by 11% compared with the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 46%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, passenger car exports soared to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.8% against 2019 indices. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco represented the main exporter of passenger cars in Africa, with the volume of exports recording X units, which was near 63% of total exports in 2021. It was distantly followed by South Africa (X units), constituting a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +23.6%).

In value terms, the largest passenger car supplying countries in Africa were South Africa ($X) and Morocco ($X).

Morocco, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, with an increase of 13% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car export price increased by +15.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Morocco amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+6.9%).

Passenger Car Imports

Imports in Africa

In 2021, purchases abroad of passenger cars decreased by -2.1% to X units, falling for the second consecutive year after three years of growth. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car imports surged to $X in 2021. In general, imports continue to indicate a perceptible descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X units), distantly followed by Ghana (X units), Morocco (X units), Libya (X units), Kenya (X units) and Botswana (X units) represented the main importers of passenger cars, together making up 50% of total imports. Nigeria (X units), Algeria (X units), Guinea (X units), Tunisia (X units), Tanzania (X units), Egypt (X units) and Sudan (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Morocco ($X) were the countries with the highest levels of imports in 2021, together comprising 44% of total imports.

Among the main importing countries, Egypt, with a CAGR of +9.1%, saw 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

The import price in Africa stood at $X per unit in 2021, surging by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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