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ECOWAS - Motor Vehicles for Travelling on Snow or Golf Cars - Market Analysis, Forecast, Size, Trends and Insights
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Snow Motor Vehicle Market Size in ECOWAS
For the tenth consecutive year, the ECOWAS snow motor vehicle market recorded growth in sales value, which increased by 34% to $X in 2021. Over the period under review, consumption showed significant growth. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.
Snow Motor Vehicle Production in ECOWAS
In value terms, snow motor vehicle production dropped to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 27%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Snow Motor Vehicle Exports
Exports in ECOWAS
In 2021, approx. X units of motor vehicles for travelling on snow or golf cars were exported in ECOWAS; falling by -86% compared with the previous year. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 1,450% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
In value terms, snow motor vehicle exports reduced dramatically to $X in 2021. In general, exports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 728% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
Exports by Country
Senegal was the largest exporter of motor vehicles for travelling on snow or golf cars in ECOWAS, with the volume of exports recording X units, which was approx. 77% of total exports in 2021. It was distantly followed by Nigeria (X units), committing a 23% share of total exports.
Senegal was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of +8.0% from 2012 to 2021. Nigeria (-20.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal increased by +61 percentage points.
In value terms, the largest snow motor vehicle supplying countries in ECOWAS were Senegal ($X) and Nigeria ($X).
In terms of the main exporting countries, Senegal, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In 2021, the export price in ECOWAS amounted to $X per unit, jumping by 37% against the previous year. In general, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by 49%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Nigeria ($X per unit), while Senegal stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+14.7%).
Snow Motor Vehicle Imports
Imports in ECOWAS
In 2021, the amount of motor vehicles for travelling on snow or golf cars imported in ECOWAS surged to X units, rising by 25% against the previous year's figure. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 115% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.
In value terms, snow motor vehicle imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 128%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.
Imports by Country
Nigeria dominates imports structure, reaching X units, which was near 88% of total imports in 2021. Senegal (X units), Gambia (X units) and Sierra Leone (X units) took a little share of total imports.
Nigeria was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars imports, with a CAGR of +57.1% from 2012 to 2021. At the same time, Gambia (+53.1%), Sierra Leone (+36.6%) and Senegal (+15.2%) displayed positive paces of growth. Nigeria (+72 p.p.) and Gambia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by -6.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in ECOWAS, comprising 88% of total imports. The second position in the ranking was held by Senegal ($X), with a 4% share of total imports. It was followed by Gambia, with a 1.8% share.
In Nigeria, snow motor vehicle imports increased at an average annual rate of +62.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+26.4% per year) and Gambia (+68.9% per year).
Import Prices by Country
The import price in ECOWAS stood at $X per unit in 2021, rising by 7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Senegal ($X per unit) and Nigeria ($X per unit), while Gambia ($X per unit) and Sierra Leone ($X per unit) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+11.2%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
What are the largest markets for motor vehicles for travelling on snow or golf cars in ECOWAS?
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The country with the largest volume of snow motor vehicle consumption was Nigeria, comprising approx. 88% of total volume. Moreover, snow motor vehicle consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Senegal, more than tenfold. The third position in this ranking was taken by Gambia, with a 2.1% share.
What are the largest producers of motor vehicles for travelling on snow or golf cars in ECOWAS?
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The country with the largest volume of snow motor vehicle production was Togo, accounting for 86% of total volume. Moreover, snow motor vehicle production in Togo exceeded the figures recorded by the second-largest producer, Niger, sixfold.
What are the leading suppliers of motor vehicles for travelling on snow or golf cars in ECOWAS?
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In value terms, the largest snow motor vehicle supplying countries in ECOWAS were Senegal and Nigeria.
What are the leading importers of motor vehicles for travelling on snow or golf cars in ECOWAS?
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In value terms, Nigeria constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in ECOWAS, comprising 88% of total imports. The second position in the ranking was taken by Senegal, with a 4% share of total imports. It was followed by Gambia, with a 1.8% share.
What is the average export price for motor vehicles for travelling on snow or golf cars in ECOWAS?
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The export price in ECOWAS stood at $8,182 per unit in 2021, picking up by 37% against the previous year.
What is the average import price for motor vehicles for travelling on snow or golf cars in ECOWAS?
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The import price in ECOWAS stood at $6,715 per unit in 2021, picking up by 7.9% against the previous year.
This report provides an in-depth analysis of the snow motor vehicle market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 29105200 - Motor vehicles specially designed for travelling on snow, golf cars and similar vehicles
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ECOWAS, split by region and country
• Trade (exports and imports) in ECOWAS
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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