ECOWAS: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in ECOWAS

The ECOWAS railway goods wagon market was estimated at $X in 2022, approximately mirroring the previous year. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in ECOWAS

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Railway Goods Wagon Exports

Exports in ECOWAS

In 2022, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units, falling for the second year in a row after three years of decline. Overall, exports saw a dramatic contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, railway goods wagon exports totaled $X in 2022. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) represented roughly X% of total exports in 2022.

Cote d'Ivoire was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, flattening at the previous year. Overall, the export price faced a dramatic descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Railway Goods Wagon Imports

Imports in ECOWAS

In 2022, imports of railway or tramway goods vans and wagons (not self-propelled) in ECOWAS fell notably to X units, shrinking by X% against the previous year's figure. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, railway goods wagon imports declined sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guinea dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Senegal (X units), generating an X% share of total imports. Ghana (X units), Sierra Leone (X units) and Gambia (X units) followed a long way behind the leaders.

Guinea was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) imports, with a CAGR of X% from 2012 to 2022. Ghana (X%), Gambia (X%), Senegal (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Guinea (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Sierra Leone saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Guinea, railway goods wagon imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sierra Leone (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform