ECOWAS: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

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

Exports in ECOWAS

In 2022, exports of diesel or semi-diesel electric generating sets of output under X kva in ECOWAS soared to X units, rising by X% against the year before. Over the period under review, exports recorded a measured increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Nigeria (X units) represented the main exporter of diesel or semi-diesel electric generating sets of output under X kVA, making up X% of total exports. Burkina Faso (X units) held the second position in the ranking, distantly followed by Senegal (X units). All these countries together held approx. X% share of total exports. Togo (X units), Niger (X units), Mali (X units), Cote d'Ivoire (X units) and Ghana (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diesel or semi-diesel electric generating set of output under X kVA exports from Nigeria stood at X%. At the same time, Burkina Faso (X%), Togo (X%) and Mali (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%), Senegal (X%), Cote d'Ivoire (X%) and Niger (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Burkina Faso, Togo and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Nigeria ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports in ECOWAS

After two years of decline, purchases abroad of diesel or semi-diesel electric generating sets of output under X kVA increased by X% to X units in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA shrank modestly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria was the main importing country with an import of about X units, which recorded X% of total imports. Sierra Leone (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Liberia (X%), Mali (X%) and Guinea (X%). The following importers - Senegal (X units) and Burkina Faso (X units) - each amounted to a X% 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 under X kVA imports into Nigeria stood at X%. At the same time, Mali (X%), Sierra Leone (X%), Senegal (X%), Guinea (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Liberia (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Mali and Sierra Leone increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported diesel or semi-diesel electric generating sets of output under X kVA in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, leveling off at the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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