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Western Africa - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Railway Maintenance Vehicle Market 2024
Railway Maintenance Vehicle Market Size in Western Africa
The West African railway maintenance vehicle market expanded remarkably to $X in 2023, growing by X% against the previous year. Overall, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.
Railway Maintenance Vehicle Production in Western Africa
In value terms, railway maintenance vehicle production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.
Railway Maintenance Vehicle Exports
Exports in Western Africa
In 2023, railway maintenance vehicle exports in Western Africa soared to X units, jumping by X% against the previous year. Overall, exports saw a prominent expansion. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.
In value terms, railway maintenance vehicle exports surged to $X in 2023. Over the period under review, exports posted a strong increase. 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 $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.
Exports by Country
Ghana represented the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Senegal (X units), achieving a X% share of total exports.
Ghana was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles exports, with a CAGR of X% from 2012 to 2023. Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Senegal increased by X percentage points.
In value terms, Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2023.
Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.
Export Prices by Country
In 2023, the export price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Ghana totaled $X per unit.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).
Railway Maintenance Vehicle Imports
Imports in Western Africa
In 2023, railway maintenance vehicle imports in Western Africa surged to X units, with an increase of X% compared with the previous year's figure. In general, imports posted moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.
In value terms, railway maintenance vehicle imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.
Imports by Country
Nigeria represented the key importing country with an import of about X units, which reached X% of total imports. Liberia (X units) took the second position in the ranking, followed by Ghana (X units), Guinea (X units), Mauritania (X units) and Senegal (X units). All these countries together took approx. X% share of total imports. Cote d'Ivoire (X units) and Benin (X units) took a little share of total imports.
Nigeria was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles imports, with a CAGR of X% from 2012 to 2023. At the same time, Liberia (X%), Cote d'Ivoire (X%) and Mauritania (X%) displayed positive paces of growth. Ghana and Guinea experienced a relatively flat trend pattern. By contrast, Benin (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Liberia and Benin increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported railway or tramway maintenance or service vehicles in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mauritania ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.
From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and Liberia (X% per year).
Import Prices by Country
The import price in Western Africa stood at $X per unit in 2023, dropping by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, railway maintenance vehicle import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2022, and then dropped modestly in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritania ($X per unit), while Senegal ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the railway maintenance vehicle market in Western Africa. 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:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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