Western Africa: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Western Africa

In 2022, the West African motorcycle, scooter and side-car market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption posted a tangible increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Motorcycles, Scooters and Side-Cars in Western Africa

In value terms, motorcycle, scooter and side-car production expanded significantly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Motorcycles, Scooters and Side-Cars

Exports in Western Africa

Motorcycle, scooter and side-car exports was estimated at X units in 2022, growing by X% compared with the previous year. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, motorcycle, scooter and side-car exports shrank sharply to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

In 2022, Togo (X units) represented the largest exporter of motorcycles, scooters and side-cars, mixing up X% of total exports. Senegal (X units) ranks second in terms of the total exports with a X% share, followed by Ghana (X%). Benin (X units) took a minor share of total exports.

Togo was also the fastest-growing in terms of the motorcycles, scooters and side-cars exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Senegal (X%) and Benin (X%) displayed positive paces of growth. From 2012 to 2022, the share of Togo and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest motorcycle, scooter and side-car supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

In Togo, motorcycle, scooter and side-car exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle, scooter and side-car export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted dramatically in the following year.

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 Togo ($X per unit), while Senegal ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports in Western Africa

Motorcycle, scooter and side-car imports reached X units in 2022, picking up by X% against 2021 figures. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car imports dropped to $X in 2022. In general, imports saw moderate growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of motorcycle, scooter and side-car imports in 2022 were Senegal (X units), Ghana (X units), Nigeria (X units), Mali (X units) and Guinea (X units), together reaching X% of total import. Togo (X units) and Sierra Leone (X units) took a minor share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported motorcycles, scooters and side-cars in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Guinea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the 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 Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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