Western Africa: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Western Africa

The West African market for side cars and cycles with non-combustion motors expanded modestly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Side Cars and Cycles with Non-Combustion Motors in Western Africa

In value terms, production of side cars and cycles with non-combustion motors reached $X in 2022 estimated in export price. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports in Western Africa

In 2022, the amount of side cars and cycles with non-combustion motors exported in Western Africa soared to X units, increasing by X% compared with the year before. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal dominates motors structure, recording X units, which was approx. X% of total exports in 2022. Benin (X units) ranks second in terms of the total exports with a X% share, followed by Ghana (X%). The following exporters - Nigeria (X units), Togo (X units), Burkina Faso (X units) and Cote d'Ivoire (X units) - together made up X% of total exports.

Senegal was also the fastest-growing in terms of the side cars and cycles with non-combustion motors exports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%), Togo (X%) and Ghana (X%) displayed positive paces of growth. Nigeria and Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Benin, Ghana, Nigeria and Togo increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) emerged as the largest side car and cycle with non-combustion motor supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of side cars and cycles with non-combustion motors, when their volume decreased by X% to X units. Overall, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, imports of side cars and cycles with non-combustion motors shrank significantly to $X in 2022. Over the period under review, imports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

The countries with the highest levels of imports of side cars and cycles with non-combustion motors in 2022 were Nigeria (X units), Benin (X units) and Senegal (X units), together reaching X% of total import. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Togo (X%). Burkina Faso (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest side car and cycle with non-combustion motor importing markets in Western Africa were Senegal ($X), Benin ($X) and Nigeria ($X), with a combined X% share of total imports.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :