Price for Rail Locomotives; Powered by Electric Accumulators in Norway - 2023

Contents:

  1. Price for Rail Locomotives; Powered by Electric Accumulators in Norway (CIF) - 2023
  2. Price for Rail Locomotives; Powered by Electric Accumulators in Norway (FOB) - 2022
  3. Imports of Rail Locomotives; Powered by Electric Accumulators in Norway
  4. Exports of Rail Locomotives; Powered by Electric Accumulators in Norway

Price for Rail Locomotives; Powered by Electric Accumulators in Norway (CIF) - 2023

In December 2023, the average import price for rail locomotives; powered by electric accumulatorses amounted to $274K per unit, flattening at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $303K per unit in October 2023; afterwards, it flattened through to December 2023.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From December 2022 to December 2023, the rate of growth in terms of prices for Germany amounted to +0.9% per month.

Price for Rail Locomotives; Powered by Electric Accumulators in Norway (FOB) - 2022

In 2022, the average export price for rail locomotives; powered by electric accumulatorses amounted to $50,909 per unit, almost unchanged from the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 2,252%. As a result, the export price reached the peak level of $57,008 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($51,675 per unit), while the average price for exports to the United States totaled $49,378 per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rail Locomotives; Powered by Electric Accumulators in Norway

In 2022, after three years of growth, there was significant decline in overseas purchases of rail locomotives; powered by electric accumulatorses, when their volume decreased by -71.4% to 2 units. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 133%. As a result, imports reached the peak of 7 units, and then contracted remarkably in the following year.

In value terms, imports of rail locomotives; powered by electric accumulatorses surged to $492K in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 320% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Rail Locomotives; Powered by Electric Accumulators in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany18.866.3278492196.9%
FranceN/AN/A1.2N/A0%
Netherlands0.20.40.5N/A58.1%
OthersN/AN/AN/AN/A0%
Total18.966.6280492196.4%

Top Suppliers of Rail Locomotives; Powered by Electric Accumulators to Norway in 2022:

  1. Germany (2.0 units)

Exports of Rail Locomotives; Powered by Electric Accumulators in Norway

In 2022, approx. 3 units of rail locomotives; powered by electric accumulatorses were exported from Norway; approximately equating the previous year's figure. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of rail locomotives; powered by electric accumulatorses totaled $153K in 2022. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Rail Locomotives; Powered by Electric Accumulators in Norway (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
GermanyN/AN/A1030%
United StatesN/AN/A49.40%
Denmark0.7N/AN/A0%
OthersN/AN/AN/A0%
Total0.7N/A1531378.4%

Top Export Markets for Rail Locomotives; Powered by Electric Accumulators from Norway in 2022:

  1. Germany (2.0 units)
  2. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

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