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Report ECOWAS - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2024

ECOWAS - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in ECOWAS

The ECOWAS railway maintenance vehicle market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Railway Maintenance Vehicle Production in ECOWAS

In value terms, railway maintenance vehicle production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports in ECOWAS

In 2022, shipments abroad of railway or tramway maintenance or service vehicles decreased by X% to X units, falling for the third year in a row after two years of decline. In general, exports saw a abrupt decrease. The smallest decline of X% was in 2020. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, railway maintenance vehicle exports contracted sharply to $X in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal (X units) represented roughly X% of total exports in 2022.

Senegal was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles exports, with a CAGR of X% from 2012 to 2022. Senegal (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.

In value terms, Senegal ($X) also remains the largest railway maintenance vehicle supplier in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a sharp descent. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 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 Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to X% per year.

Railway Maintenance Vehicle Imports

Imports in ECOWAS

In 2022, overseas purchases of railway or tramway maintenance or service vehicles increased by X% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway maintenance vehicle imports surged to $X in 2022. Overall, imports enjoyed a slight increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Senegal prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Nigeria (X units), creating a X% share of total imports. The following importers - Ghana (X units), Guinea (X units) and Cote d'Ivoire (X units) - together made up X% of total imports.

Senegal was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Ghana (X%), Nigeria (X%) and Guinea (X%) displayed positive paces of growth. From 2012 to 2022, the share of Senegal increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported railway or tramway maintenance or service vehicles in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($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 Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. 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 Cote d'Ivoire ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria constituted the country with the largest volume of railway maintenance vehicle consumption, accounting for 63% of total volume. Moreover, railway maintenance vehicle consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Senegal, sixfold. The third position in this ranking was held by Ghana, with a 5% share.
Nigeria constituted the country with the largest volume of railway maintenance vehicle production, accounting for 68% of total volume. Moreover, railway maintenance vehicle production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, more than tenfold. Cote d'Ivoire ranked third in terms of total production with a 4.5% share.
In value terms, Senegal remains the largest railway maintenance vehicle supplier in ECOWAS.
In value terms, Nigeria constitutes the largest market for imported railway or tramway maintenance or service vehicles in ECOWAS, comprising 57% of total imports. The second position in the ranking was held by Cote d'Ivoire, with a 24% share of total imports. It was followed by Senegal, with a 15% share.
In 2022, the export price in ECOWAS amounted to $9,010 per unit, dropping by -85.8% against the previous year.
The import price in ECOWAS stood at $60,684 per unit in 2022, which is down by -37.3% against the previous year.

This report provides an in-depth analysis of the railway maintenance vehicle market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in ECOWAS, split by region and country
  • Trade (exports and imports) in ECOWAS
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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