ECOWAS: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in ECOWAS

In 2022, the ECOWAS market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 57% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in ECOWAS

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA declined notably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 565% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports in ECOWAS

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 9.1% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 with an increase of 23,703%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 85%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Togo represented the major exporter of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in ECOWAS, with the volume of exports amounting to X units, which was near 32% of total exports in 2022. Nigeria (X units) ranks second in terms of the total exports with a 13% share, followed by Senegal (11%), Mali (9.5%), Cote d'Ivoire (8.3%), Niger (7.1%) and Burkina Faso (7.1%). Cabo Verde (X units) followed a long way behind the leaders.

Togo was also the fastest-growing in terms of the diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports, with a CAGR of +21.0% from 2012 to 2022. At the same time, Cabo Verde (+4.1%) and Nigeria (+2.0%) displayed positive paces of growth. Cote d'Ivoire and Niger experienced a relatively flat trend pattern. By contrast, Mali (-2.2%), Burkina Faso (-9.3%) and Senegal (-12.9%) illustrated a downward trend over the same period. While the share of Togo (+29 p.p.), Nigeria (+5.6 p.p.), Cote d'Ivoire (+2.5 p.p.), Niger (+2.1 p.p.) and Cabo Verde (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (-6.2 p.p.) and Senegal (-19.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier in ECOWAS, comprising 38% of total exports. The second position in the ranking was taken by Senegal ($X), with an 18% share of total exports. It was followed by Nigeria, with a 13% share.

In Togo, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA expanded at an average annual rate of +19.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (-10.6% per year) and Nigeria (+8.5% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, rising by 41% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 32,522%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+29.6%), while the other leaders experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports in ECOWAS

In 2022, purchases abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 72% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Nigeria dominates kVA structure, amounting to X units, which was near 67% of total imports in 2022. Cote d'Ivoire (X units) ranks second in terms of the total imports with a 5.5% share, followed by Ghana (5.3%). The following importers - Burkina Faso (X units), Guinea (X units), Togo (X units), Senegal (X units), Sierra Leone (X units), Mali (X units), Niger (X units) and Benin (X units) - together made up 21% of total imports.

Imports into Nigeria increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Togo (+21.5%), Benin (+16.7%), Cote d'Ivoire (+15.6%), Mali (+15.0%), Burkina Faso (+14.4%), Niger (+8.2%), Guinea (+4.4%), Sierra Leone (+2.7%) and Senegal (+1.8%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +21.5% from 2012-2022. Ghana experienced a relatively flat trend pattern. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire and Togo increased by +11, +2.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in ECOWAS, comprising 63% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 6.6% share of total imports. It was followed by Ghana, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +4.5%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+11.7% per year) and Ghana (-4.0% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, which is down by -20.3% against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2018 when the import price increased by 46%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform