Report Update Jan 1, 2025

Nigeria - Electric Rail Locomotives - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in Nigeria

The Nigerien electric rail locomotive market was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Electric rail locomotive consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electric Rail Locomotive Production in Nigeria

In value terms, electric rail locomotive production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 3.3%. Electric rail locomotive production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electric Rail Locomotive Exports

Exports from Nigeria

In 2022, electric rail locomotive exports from Nigeria totaled X units, flattening at 2021 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1,000%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric rail locomotive exports amounted to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 125,132% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In value terms, Benin ($X) also remains the key foreign market for electric rail locomotives exports from Nigeria.

From 2012 to 2022, the average annual growth rate of value to Benin stood at +47.4%.

Electric Rail Locomotive Imports

Imports into Nigeria

In 2022, approx. X units of electric rail locomotives were imported into Nigeria; remaining stable against 2021. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 1,331% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, electric rail locomotive imports soared to $X in 2022. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 1,770% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X units) and India (X units) were the main suppliers of electric rail locomotive imports to Nigeria.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of 0.0%).

In value terms, the largest electric rail locomotive suppliers to Nigeria were the UK ($X) and India ($X).

The UK, with a CAGR of -40.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average electric rail locomotive import price stood at $X per unit in 2022, rising by 45% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 99%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India amounted to less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-33.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rail locomotives in the world?

The countries with the highest volumes of in 2021 were Uzbekistan, China and Norway, with a combined 76% share of global consumption.

What are the largest producers of electric rail locomotives in the world?

The country with the largest volume of electric rail locomotive production was China, accounting for 74% of total volume. Moreover, electric rail locomotive production in China exceeded the figures recorded by the second-largest producer, Germany, sixfold. Japan ranked third in terms of total production with a 2.6% share.

What are the leading suppliers of electric rail locomotives to Nigeria?

In value terms, the UK $589) constituted the largest supplier of electric rail locomotive to Nigeria.

What are the leading importers of electric rail locomotives from Nigeria?

In value terms, Benin remains the key foreign market for electric rail locomotive exports from Nigeria.

What is the average export price for electric rail locomotives in Nigeria?

The average electric rail locomotive export price stood at $2,158 per unit in 2021, flattening at the previous year.

What is the average import price for electric rail locomotives in Nigeria?

The average electric rail locomotive import price stood at $1,354 per unit in 2021, rising by 13% against the previous year.

This report provides an in-depth analysis of the electric rail locomotive market in Nigeria. 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 30201100 - Rail locomotives powered from an external source of electricity

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
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
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024