Western Africa: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in Western Africa

The West African electric rail locomotive market expanded to $X in 2022, surging by 2.1% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Electric Rail Locomotive Production in Western Africa

In value terms, electric rail locomotive production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 3.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electric Rail Locomotive Exports

Exports in Western Africa

In 2022, approx. X units of electric rail locomotives were exported in Western Africa; remaining stable against the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 1,000% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric rail locomotive exports rose remarkably to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 991%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Nigeria (X units), together finishing at 100% of total export.

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of electric rail locomotives. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest electric rail locomotive supplier in Western Africa.

In Nigeria, electric rail locomotive exports expanded at an average annual rate of +46.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, picking up by 6.3% against the previous year. In general, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when the export price increased by 44% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +46.9% per year.

Electric Rail Locomotive Imports

Imports in Western Africa

Electric rail locomotive imports skyrocketed to X units in 2022, increasing by 100% against the previous year. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 556% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, electric rail locomotive imports amounted to $X in 2022. Overall, imports, however, faced a dramatic setback. The growth pace was the most rapid in 2015 when imports increased by 1,379% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Gambia represented the major importing country with an import of about X units, which accounted for 56% of total imports. Senegal (X units) ranks second in terms of the total imports with a 25% share, followed by Ghana (13%) and Nigeria (6.2%).

From 2012 to 2022, average annual rates of growth with regard to electric rail locomotive imports into Gambia stood at -11.3%. Senegal experienced a relatively flat trend pattern. Nigeria (-16.4%) and Ghana (-21.7%) illustrated a downward trend over the same period. While the share of Senegal (+25 p.p.) and Gambia (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-3.9 p.p.) and Ghana (-26.5 p.p.) displayed negative dynamics.

In value terms, the largest electric rail locomotive importing markets in Western Africa were Nigeria ($X), Senegal ($X) and Gambia ($X), with a combined 36% share of total imports.

Senegal, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, dropping by -46.6% against the previous year. Over the period under review, the import price faced a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 285% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (-7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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