Africa: Electric Rail Locomotive Market 2024

Electric Rail Locomotive Market Size in Africa

The African electric rail locomotive market surged to $X in 2023, increasing by X% against the previous year. In general, consumption posted tangible growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Electric Rail Locomotive Production in Africa

In value terms, electric rail locomotive production skyrocketed to $X in 2023 estimated in export price. Overall, production enjoyed a temperate expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Electric Rail Locomotive Exports

Exports in Africa

In 2023, approx. X tons of electric rail locomotives were exported in Africa; growing by X% on the previous year's figure. In general, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, electric rail locomotive exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zambia was the largest exporter of electric rail locomotives in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Africa (X tons), making up a X% share of total exports.

Zambia was also the fastest-growing in terms of the electric rail locomotives exports, with a CAGR of X% from 2012 to 2023. At the same time, South Africa (X%) displayed positive paces of growth. Zambia (X p.p.) and South Africa (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, South Africa ($X) remains the largest electric rail locomotive supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, electric rail locomotive exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 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 South Africa ($X per ton), while Zambia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Electric Rail Locomotive Imports

Imports in Africa

Electric rail locomotive imports skyrocketed to X tons in 2023, picking up by X% compared with the previous year's figure. In general, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, electric rail locomotive imports soared to $X in 2023. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Morocco was the key importer of electric rail locomotives in Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Zimbabwe (X tons), generating a X% share of total imports. Zambia (X tons) took a relatively small share of total imports.

Imports into Morocco increased at an average annual rate of X% from 2012 to 2023. At the same time, Zimbabwe (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Zambia (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total imports, while Zambia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Morocco ($X) constitutes the largest market for imported electric rail locomotives in Africa, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports.

In Morocco, electric rail locomotive imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2021; afterwards, it flattened through to 2023.

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 Morocco ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform