Western Africa: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Western Africa

In 2020, after three years of growth, there was decline in the West African motorcycle and scooter market, when its value decreased by -X% to $X. Overall, consumption, however, showed a slight curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Motorcycle And Scooter Production in Western Africa

In value terms, motorcycle and scooter production skyrocketed to $X in 2016 estimated in export prices. Over the period under review, production, however, faced a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2016, production stood at a somewhat lower figure.

Production By Country in Western Africa

Togo (X units) constituted the country with the largest volume of motorcycle and scooter production, accounting for X% of total volume.

In Togo, motorcycle and scooter production contracted by an average annual rate of -X% over the period from 2007-2016.

Motorcycle And Scooter Exports

Exports in Western Africa

In 2020, shipments abroad of motorcycles and scooters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X units in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, motorcycle and scooter exports soared to $X in 2020. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) and Burkina Faso (X units) were the key exporters of motorcycles and scooters in 2020, recording approx. X% and X% of total exports, respectively. Nigeria (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Benin (X%). Senegal (X units) occupied a little share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin, while exports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Nigeria ($X) and Burkina Faso ($X) constituted the countries with the highest levels of exports in 2020, together accounting for X% of total exports. These countries were followed by Benin and Senegal, which together accounted for a further X the main exporting countries, Benin recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the motorcycle and scooter export price in Western Africa amounted to $X per unit, reducing by -X% against the previous year. Export price indicated a mild increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per unit in 2019, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Senegal ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the other leaders experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports in Western Africa

In 2020, purchases abroad of motorcycles and scooters increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. The volume of import peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, motorcycle and scooter imports fell modestly to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then fell slightly in the following year.

Imports by Country

Nigeria represented the largest importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Mali (X units) and Guinea (X units), together making up a X% share of total imports. Cote d'Ivoire (X units), Togo (X units), Sierra Leone (X units), Ghana (X units) and Benin (X units) held a little share of total imports.

Imports into Nigeria decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Mali (+X%), Cote d'Ivoire (+X%), Togo (+X%), Ghana (+X%), Sierra Leone (+X%), Guinea (+X%) and Benin (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2007-2020. Mali (+X p.p.), Guinea (+X p.p.), Cote d'Ivoire (+X p.p.), Togo (+X p.p.) and Sierra Leone (+X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in Nigeria amounted to -X%. In the other countries, the average annual rates were as follows: Guinea (+X% per year) and Mali (+X% per year).

Import Prices by Country

In 2020, the motorcycle and scooter import price in Western Africa amounted to $X per unit, falling by -X% against the previous year. Import price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. The level of import peaked at $X per unit in 2019, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Ghana ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform