ECOWAS: Non-Propelled Vehicle Market 2025

Non-Propelled Vehicle Market Size in ECOWAS

The ECOWAS non-propelled vehicle market expanded sharply to $X in 2021, picking up by 15% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.4% against 2015 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Non-Propelled Vehicle Production in ECOWAS

In value terms, non-propelled vehicle production soared to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 96% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Propelled Vehicle Exports

Exports in ECOWAS

In 2021, approx. X units of vehicles not mechanically propelled were exported in ECOWAS; declining by -34.8% on the previous year. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-propelled vehicle exports shrank notably to $X in 2021. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 26%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Niger dominates exports structure, recording X units, which was approx. 55% of total exports in 2021. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units), Benin (X units) and Liberia (X units), together committing a 31% share of total exports. The following exporters - Togo (X units) and Mali (X units) - together made up 7.8% of total exports.

Exports from Niger increased at an average annual rate of +21.6% from 2012 to 2021. At the same time, Benin (+50.1%) and Ghana (+35.1%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +50.1% from 2012-2021. By contrast, Togo (-1.8%), Mali (-3.1%), Liberia (-23.1%) and Cote d'Ivoire (-25.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Niger, Ghana, Benin and Togo increased by +51, +8.1, +7.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-propelled vehicle supplying countries in ECOWAS were Niger ($X), Liberia ($X) and Cote d'Ivoire ($X), together comprising 74% of total exports. These countries were followed by Ghana, Benin, Mali and Togo, which together accounted for a further 21%.

Benin, with a CAGR of +58.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, reducing by -14.8% against the previous year. Overall, the export price showed a mild descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 25%. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Liberia ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+21.6%), while the other leaders experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports in ECOWAS

In 2021, the amount of vehicles not mechanically propelled imported in ECOWAS contracted slightly to X units, declining by -4.3% on the previous year. Over the period under review, imports showed a mild reduction. The pace of growth was the most pronounced in 2018 when imports increased by 42% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-propelled vehicle imports reduced slightly to $X in 2021. Overall, imports showed a slight decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X units), Senegal (X units) and Ghana (X units) represented roughly 57% of total imports in 2021. Mali (X units) took the next position in the ranking, followed by Burkina Faso (X units) and Liberia (X units). All these countries together took near 25% share of total imports. Togo (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, together accounting for 58% of total imports. These countries were followed by Mali, Liberia, Togo and Burkina Faso, which together accounted for a further 24%.

In terms of the main importing countries, Mali, with a CAGR of +21.0%, 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

The import price in ECOWAS stood at $X per unit in 2021, increasing by 4.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform