Western Africa: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Western Africa

The West African market for motor vehicle chassis fitted with engines was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption posted a modest increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Western Africa

In value terms, production of motor vehicle chassis fitted with engines surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of 110%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in Western Africa

In 2022, exports of motor vehicle chassis fitted with engines in Western Africa skyrocketed to X units, increasing by 25% on the previous year. In general, exports showed prominent growth. The growth pace was the most rapid in 2019 with an increase of 1,950% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines fell sharply to $X in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2016 with an increase of 2,135% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo represented the main exporting country with an export of about X units, which accounted for 40% of total exports. Benin (X units) held the second position in the ranking, followed by Nigeria (X units) and Senegal (X units). All these countries together took near 60% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) emerged as the largest motor vehicle chassis fitted with engines supplier in Western Africa, comprising 70% of total exports. The second position in the ranking was held by Togo ($X), with an 8.6% share of total exports. It was followed by Benin, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in Senegal totaled +48.2%. In the other countries, the average annual rates were as follows: Togo (+16.2% per year) and Benin (-15.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by -36.1% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by 2,642% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+8.4%).

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in Western Africa

In 2022, overseas purchases of motor vehicle chassis fitted with engines decreased by -19% to X units, falling for the third year in a row after three years of growth. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 183%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines declined notably to $X in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 274%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria prevails in engines structure, recording X units, which was near 74% of total imports in 2022. Ghana (X units) ranks second in terms of the total imports with a 9.5% share, followed by Senegal (9.1%). The following importers - Cote d'Ivoire (X units) and Benin (X units) - each reached a 3.5% share of total imports.

Nigeria was also the fastest-growing in terms of the motor vehicle chassis fitted with engines imports, with a CAGR of +30.6% from 2012 to 2022. At the same time, Benin (+15.9%), Senegal (+8.3%) and Ghana (+1.0%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. From 2012 to 2022, the share of Nigeria increased by +55 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported motor vehicle chassis fitted with engines in Western Africa, comprising 74% of total imports. The second position in the ranking was held by Ghana ($X), with a 10% share of total imports. It was followed by Senegal, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +19.0%. In the other countries, the average annual rates were as follows: Ghana (+22.8% per year) and Senegal (-2.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, reducing by -41.2% against the previous year. Overall, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+21.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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