Western Africa: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Western Africa

The West African railway goods wagon market was estimated at $X in 2022, almost unchanged from the previous year. Overall, consumption, however, posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in Western Africa

In value terms, railway goods wagon production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Railway Goods Wagon Exports

Exports in Western Africa

In 2022, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units, falling for the second consecutive year after three years of decline. Overall, exports faced a significant curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, railway goods wagon exports amounted to $X in 2022. In general, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units) was the key exporter of railway or tramway goods vans and wagons (not self-propelled) in Western Africa, generating X% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, remaining constant against the previous year. Overall, the export price faced a dramatic descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure 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 Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Railway Goods Wagon Imports

Imports in Western Africa

In 2022, railway goods wagon imports in Western Africa dropped remarkably to X units, with a decrease of X% on 2021 figures. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway goods wagon imports contracted significantly to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guinea prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Senegal (X units), comprising an X% share of total imports. The following importers - Ghana (X units), Sierra Leone (X units) and Gambia (X units) - together made up X% of total imports.

Guinea was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) imports, with a CAGR of X% from 2012 to 2022. Ghana (X%), Gambia (X%), Senegal (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guinea and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Guinea stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Sierra Leone (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 Sierra Leone ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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