Western Africa: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2025

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Western Africa

The West African market for tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank notably to $X in 2022, which is down by -40.5% against the previous year. Over the period under review, consumption showed a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Western Africa

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Western Africa

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported in Western Africa; which is down by -16.3% on the previous year. Over the period under review, exports saw a perceptible descent. The pace of growth was the most pronounced in 2014 with an increase of 83%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell significantly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 59%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mali (X units) represented the main exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles, constituting 47% of total exports. Ghana (X units) took the second position in the ranking, distantly followed by Sierra Leone (X units) and Senegal (X units). All these countries together held approx. 44% share of total exports. The following exporters - Cote d'Ivoire (X units), Benin (X units) and Niger (X units) - each amounted to a 6.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in Western Africa, comprising 78% of total exports. The second position in the ranking was held by Ghana ($X), with a 9.9% share of total exports. It was followed by Senegal, with a 5.8% share.

In Mali, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded at an average annual rate of +23.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (-6.6% per year) and Senegal (-21.2% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, declining by -12% against the previous year. Over the period under review, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 52% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+11.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Western Africa

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported in Western Africa; waning by -78.7% against the previous year. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 191% against the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Ghana (X units), Mauritania (X units), Niger (X units), Senegal (X units), Cote d'Ivoire (X units) and Benin (X units) represented the main importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together committing 85% of total imports. The following importers - Liberia (X units), Mali (X units) and Guinea (X units) - each accounted for an 8.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to agricultural, construction and industrial machinery tyre imports into Nigeria stood at -8.0%. At the same time, Benin (+22.1%), Mauritania (+8.0%) and Niger (+5.8%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +22.1% from 2012-2022. By contrast, Guinea (-3.8%), Liberia (-8.0%), Ghana (-8.3%), Cote d'Ivoire (-10.3%), Senegal (-11.6%) and Mali (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritania, Niger, Benin, Nigeria and Ghana increased by +8.6, +7.2, +6.3, +5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural, construction and industrial machinery tyre importing markets in Western Africa were Mauritania ($X), Ghana ($X) and Nigeria ($X), together comprising 55% of total imports.

In terms of the main importing countries, Mauritania, with a CAGR of +13.2%, 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 Western Africa stood at $X per unit in 2022, jumping by 199% against the previous year. Overall, the import price posted a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mali ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+19.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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