Western Africa: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Western Africa

The West African railway goods wagon market reached $X in 2022, remaining stable against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Railway Goods Wagon Production in Western Africa

In value terms, railway goods wagon production stood at $X in 2022 estimated in export price. In general, production posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, railway goods wagon exports stood at $X in 2022. In general, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of railway or tramway goods vans and wagons (not self-propelled), namely Cote d'Ivoire, represented more than two-thirds 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. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual growth rate 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, leveling off at the previous year. In general, the export price faced a sharp curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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, the amount of railway or tramway goods vans and wagons (not self-propelled) imported in Western Africa contracted significantly to X units, which is down by X% compared with the year before. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, railway goods wagon imports declined rapidly to $X in 2022. In general, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Guinea prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Senegal (X units), comprising an X% share of total imports. Ghana (X units), Sierra Leone (X units) and Gambia (X units) followed a long way behind the leaders.

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.

In Guinea, railway goods wagon imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 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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