Western Africa: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in Western Africa

After two years of growth, the West African diesel-electric locomotive market decreased by -2.4% to $X in 2021. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.6% against 2018 indices. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Diesel-Electric Locomotive Production in Western Africa

In value terms, diesel-electric locomotive production shrank to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Diesel-Electric Locomotive Exports

Exports in Western Africa

In 2017, approx. X units of diesel-electric locomotives were exported in Western Africa; stabilizing at 2016 figures. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2017 and are expected to retain growth in the near future.

In value terms, diesel-electric locomotive exports totaled $X in 2017. Overall, exports recorded a relatively flat trend pattern. The level of export peaked in 2017 and is expected to retain growth in years to come.

Exports by Country

In 2017, Cote d'Ivoire (X units) was the largest exporter of diesel-electric locomotives in Western Africa, constituting 100% of total export.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of diesel-electric locomotives. The shares of the largest exporters remained relatively stable throughout the analyzed period.

From 2017 to 2017, the average annual rate of growth in terms of value in Cote d'Ivoire was relatively modest.

Diesel-Electric Locomotive Imports

Imports in Western Africa

In 2021, the amount of diesel-electric locomotives imported in Western Africa skyrocketed to X units, picking up by 17% compared with 2020 figures. Over the period under review, imports enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 121% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, diesel-electric locomotive imports skyrocketed to $X in 2021. Overall, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2018 with an increase of 100% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Nigeria (X units) were the largest importers of diesel-electric locomotives in Western Africa, together finishing at near 60% of total imports. It was followed by Cote d'Ivoire (X units), Guinea (X units), Nigeria (X units), Liberia (X units) and Senegal (X units), together constituting a 100% share of total imports. Senegal (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to diesel-electric locomotives imports into Nigeria and Sierra Leone stood at +24.1% and -37.5%, respectively. At the same time, Nigeria (+24.1%), Guinea (+11.5%) and Liberia (+4.6%) displayed positive paces of growth. Cote d'Ivoire and Mauritania experienced a relatively flat trend pattern. By contrast, Senegal (-11.5%) illustrated a downward trend over the same period. While the share of Nigeria (+49 p.p.) and Guinea (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cote d'Ivoire (-1.7 p.p.), Senegal (-8.3 p.p.), Mauritania (-22.2 p.p.) and Sierra Leone (-29.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported diesel-electric locomotives in Western Africa, comprising 52% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Guinea, with a 15% share.

In Nigeria, diesel-electric locomotive imports expanded at an average annual rate of +37.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+5.0% per year) and Guinea (+27.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the import price increased by 29% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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