ECOWAS: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in ECOWAS

For the third consecutive year, the ECOWAS railway track fixture market recorded decline in sales value, which decreased by -11.2% to $X in 2021. Over the period under review, consumption recorded a significant increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Railway Track Fixture Production in ECOWAS

In value terms, railway track fixture production declined rapidly to $X in 2021 estimated in export price. In general, production, however, saw tangible growth. The pace of growth appeared the most rapid in 2016 with an increase of 782% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Railway Track Fixture Exports

Exports in ECOWAS

In 2021, the amount of railway or tramway track fixtures and fittings exported in ECOWAS contracted dramatically to X tons, with a decrease of -40% on 2020. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 250% against the previous year. The volume of export peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, railway track fixture exports contracted sharply to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 1,042%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin dominates exports structure, amounting to X tons, which was approx. 96% of total exports in 2021. Nigeria (X kg) followed a long way behind the leaders.

Exports from Benin increased at an average annual rate of +21.9% from 2012 to 2021. At the same time, Nigeria (+45.5%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +45.5% from 2012-2021. From 2012 to 2021, the share of Benin and Nigeria increased by +64 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) remains the largest railway track fixture supplier in ECOWAS, comprising 97% of total exports. The second position in the ranking was held by Nigeria ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Benin totaled +17.6%.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, dropping by -17.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 926%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (-3.6%).

Railway Track Fixture Imports

Imports in ECOWAS

In 2021, supplies from abroad of railway or tramway track fixtures and fittings increased by 7.3% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 588%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, railway track fixture imports surged to $X in 2021. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 571%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X tons) represented the key importer of railway or tramway track fixtures and fittings, generating 46% of total imports. Guinea (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (14%) and Senegal (12%). Benin (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +64.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported railway or tramway track fixtures and fittings in ECOWAS, comprising 50% of total imports. The second position in the ranking was held by Guinea ($X), with a 19% share of total imports. It was followed by Ghana, with a 12% share.

In Nigeria, railway track fixture imports increased at an average annual rate of +66.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Guinea (+57.1% per year) and Ghana (+11.2% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, surging by 65% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform