Which Country Imports the Most Electric Locomotives in the World?
Railway Locomotives And Rolling Stock May 28, 2018
In 2016, the amount of electric locomotive imported worldwide amounted to 231K tonnes, rising by 12% against the previous year figure. Overall, electric locomotive imports continue to indicate a strong increase. The growth pace was the most rapid in 2015, when imports increased by 117% against the previous year level. Global electric locomotive import peaked in 2016, and are likely to continue its growth in the near future.
In value terms, electric locomotive imports totaled $1B in 2016. Overall, electric locomotive imports continue to indicate a mild descent. Over the period under review, global electric locomotive imports reached its maximum level of $1.2B in 2007; however, from 2008 to 2016, it failed to regain its strength.
Top Electric Locomotive Importing Countries in the World
1. Austria (245.4 million USD)
2. Netherlands (114.2 million USD)
3. Germany (72.9 million USD)
4. Singapore (52.7 million USD)
5. France (41.5 million USD)
6. Belgium (3.6 million USD)
7. China (1.0 million USD)
Electric Locomotive Imports By Country
The Netherlands (122K tonnes) was the key importer of electric locomotive in the world, reaching 122K tonnes, which was approx. 53% of total imports in 2016. China (24K tonnes) took a 11% share (based on tonnes) of global electric locomotive imports, which put it in second place, following Germany (7%), and France (6%). Belgium (10K tonnes), Austria (5.1K tonnes), and Singapore (4.5K tonnes) took the weak share of total imports.
The Netherlands was also the fastest growing in terms of the electric locomotive imports, with a CAGR of +34.4% from 2007 to 2016. At the same time, Belgium (+33.6%), China (+33.4%), Singapore (+26.6%), Austria (+1.9%), and Germany (+1.3%) displayed positive paces of growth. France experienced a relatively flat trend pattern. While the share of Singapore (-1.7%), Belgium (-4.0%), China (-9.8%), and the Netherlands (-49.3%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Austria ($245M) constitutes the largest market for imported electric locomotive worldwide, making up 24% of global imports. The second position in the ranking was occupied by the Netherlands ($114M), with the share of 11% of global imports. It was followed by Germany, with the share of 7%.
From 2007 to 2016, the average annual growth rate of value of electric locomotive imports in Austria stood at +1.0%. In the other countries, the average annual rates were as follows: the Netherlands (+23.7% per year) and Germany (+1.6% per year).
Electric Locomotive Import Prices By Country
In 2016, the average import price for electric locomotive amounted to $4,494 per tonne, increasing by 2% against the previous year. In general, electric locomotive import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011, when import increased by 9% y-o-y. Over the period under review, average electric locomotive import price reached its maximum level of $11 per kg in 2007; however, from 2008 to 2016, it failed to regain its strength.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Austria ($48 per kg), while China ($40 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of electric locomotive import prices was attained by Singapore (+5.7% per year), while the other global leaders experienced mixed trends in the import price figures.
Do you want to know more about global electric locomotive market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- electric locomotive market share
- electric locomotive prices
- electric locomotive industry
- electric locomotive sales
- electric locomotive import
- electric locomotive export
- electric locomotive market forecast
- electric locomotive price forecast
- key electric locomotive producers
All data provided in this article covers the following product: HS Code 8601 - Rail locomotives; powered from an external source of electricity or by electric accumulators.
Source: World: Electric Locomotives - Market Report. Analysis and Forecast to 2025
