Africa: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Africa

In 2023, the African motorcycle and bicycle market was finally on the rise to reach $X after three years of decline. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Motorcycle And Bicycle Production in Africa

In value terms, motorcycle and bicycle production declined to $X in 2023 estimated in export price. Overall, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Motorcycle And Bicycle Exports

Exports in Africa

In 2023, overseas shipments of motorcycles and bicycles decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports reduced to $X in 2023. Total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia dominates exports structure, recording X units, which was near X% of total exports in 2023. South Africa (X units) ranks second in terms of the total exports with a X% share, followed by Morocco (X%). Togo (X units) and Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to motorcycle and bicycle exports from Tunisia stood at X%. At the same time, Morocco (X%), Togo (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Tunisia (X p.p.), Togo (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Tunisia ($X), Togo ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. Mauritius and Morocco lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, which is down by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in Africa

Motorcycle and bicycle imports stood at X units in 2023, picking up by X% on the previous year. Total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports declined to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Tanzania (X units), distantly followed by Ghana (X units), South Africa (X units), Kenya (X units), Morocco (X units) and Nigeria (X units) represented the major importers of motorcycles and bicycles, together mixing up X% of total imports. The following importers - Mozambique (X units), Uganda (X units), Guinea (X units), Togo (X units), Algeria (X units), Angola (X units) and Mali (X units) - together made up X% of total imports.

Tanzania was also the fastest-growing in terms of the motorcycles and bicycles imports, with a CAGR of X% from 2012 to 2023. At the same time, Togo (X%), Ghana (X%), Morocco (X%), Mozambique (X%), Uganda (X%), Kenya (X%), Mali (X%) and Guinea (X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. By contrast, Algeria (X%), South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Ghana (X p.p.), Morocco (X p.p.), Togo (X p.p.), Mozambique (X p.p.), Kenya (X p.p.) and Uganda (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Algeria, Angola and South Africa saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform