Western Africa: 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 Western Africa

In 2022, the West African market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach $X after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained 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 Western Africa

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA plummeted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 565%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

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

Exports in Western Africa

In 2022, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when exports increased by 23,704% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of remained at a somewhat 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. In general, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 83% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Togo was the major exporter of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in Western Africa, with the volume of exports recording X units, which was near 31% of total exports in 2022. Nigeria (X units) ranks second in terms of the total exports with a 13% share, followed by Senegal (10%), Mali (9.3%), Cote d'Ivoire (8.1%), Niger (7%) and Burkina Faso (7%). 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. Togo (+28 p.p.), Nigeria (+5.3 p.p.), Cote d'Ivoire (+2.3 p.p.), Niger (+2 p.p.) and Cabo Verde (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Senegal saw its share reduced by -6.4% and -19.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier in Western Africa, comprising 38% of total exports. The second position in the ranking was taken by Senegal ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (-10.6% per year) and Nigeria (+8.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, jumping by 43% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 31,870%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Western Africa

In 2022, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 70% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded prominent 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 surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 38% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Nigeria dominates kVA structure, recording X units, which was near 67% of total imports in 2022. Cote d'Ivoire (X units) took the second position in the ranking, followed by Ghana (X units). All these countries together held near 11% share of total imports. 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) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diesel or semi-diesel electric generating set of output over X kVA but under X kVA imports into Nigeria stood at +11.5%. 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 Western Africa, 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 ($X) constitutes the largest market for imported diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in Western Africa, comprising 63% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 6.5% share of total imports. It was followed by Ghana, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +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

In 2022, the import price in Western Africa amounted to $X per unit, declining by -20.2% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 45%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 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

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