Western Africa: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Western Africa

In 2021, the West African driving and non-driving axle market decreased by -0.3% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Production of Drive-Axles with Differential and Non-Driving Axles in Western Africa

In value terms, driving and non-driving axle production fell slightly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Western Africa

In 2021, the amount of drive-axles with differential and non-driving axles exported in Western Africa reduced sharply to X tons, shrinking by -32.5% on 2020. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 84% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, driving and non-driving axle exports soared to $X in 2021. Over the period under review, exports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2014 when exports increased by 57% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Nigeria (X tons), Ghana (X tons) and Liberia (X tons) represented the main exporter of drive-axles with differential and non-driving axles in Western Africa, constituting 69% of total export. Guinea (X tons) held the next position in the ranking, followed by Mali (X tons) and Burkina Faso (X tons). All these countries together took near 25% share of total exports. Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Liberia (with a CAGR of +74.7%), while the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X) emerged as the largest driving and non-driving axle supplier in Western Africa, comprising 30% of total exports. The second position in the ranking was held by Ghana ($X), with a 15% share of total exports. It was followed by Liberia, with a 14% share.

In Guinea, driving and non-driving axle exports expanded at an average annual rate of +61.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (+15.5% per year) and Liberia (+58.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, jumping by 81% against the previous year. Overall, the export price showed a mild expansion. The growth pace was the most rapid in 2014 an increase of 85%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+20.4%), while the other leaders experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Western Africa

In 2021, driving and non-driving axle imports in Western Africa stood at X tons, remaining constant against the previous year's figure. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2020 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, driving and non-driving axle imports rose rapidly to $X in 2021. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 when imports increased by 173% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which recorded 64% of total imports. Ghana (X tons) ranks second in terms of the total imports with a 21% share, followed by Burkina Faso (9.6%). Cote d'Ivoire (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Burkina Faso (+58.0%), Ghana (+18.8%) and Cote d'Ivoire (+11.9%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +58.0% from 2012-2021. From 2012 to 2021, the share of Ghana and Burkina Faso increased by +13 and +9.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

In terms of the main importing countries, Burkina Faso, with a CAGR of +37.7%, 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

In 2021, the import price in Western Africa amounted to $X per ton, picking up by 5.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 113% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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