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

Contents:

  1. Price for Rail Locomotives; Powered by Electric Accumulators in China (FOB) - 2022
  2. Exports of Rail Locomotives; Powered by Electric Accumulators in China

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

In 2022, the average export price for rail locomotives; powered by electric accumulatorses amounted to $95,225 per unit, surging by 87% against the previous year. Overall, the export price, however, recorded a pronounced descent. The export price peaked at $150,955 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($209,832 per unit), while the average price for exports to Mongolia ($9,619 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+124.8%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Rail Locomotives; Powered by Electric Accumulators in China

In 2022, the amount of rail locomotives; powered by electric accumulatorses exported from China skyrocketed to 192 units, picking up by 29% against the year before. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of rail locomotives; powered by electric accumulatorses skyrocketed to $18M in 2022. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Rail Locomotives; Powered by Electric Accumulators in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ThailandN/A3522574,425254.6%
India63.735082.03,940295.5%
Singapore11,5725,1591,7841,544-48.9%
Mozambique37.020.6N/A1,259224.0%
Vietnam5299099991,23232.6%
Ecuador5176335315894.4%
Philippines255N/AN/A39115.3%
Colombia53.217666.838994.1%
Taiwan (Chinese)86.269079724241.1%
IranN/AN/A28.9125332.5%
RwandaN/A8.738.6106249.1%
Pakistan22.5N/AN/A70.246.1%
Mongolia56.510627.557.70.7%
Others1,5592,1942,9853,91535.9%
Total14,75210,5977,59518,2837.4%

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

  1. Ecuador (34.0 units)
  2. India (32.0 units)
  3. Vietnam (24.0 units)
  4. Thailand (22.0 units)
  5. Colombia (18.0 units)
  6. Singapore (12.0 units)
  7. Iran (10.0 units)
  8. Rwanda (8.0 units)
  9. Mongolia (6.0 units)
  10. Mozambique (6.0 units)
  11. Pakistan (4.0 units)
  12. Taiwan (Chinese) (4.0 units)
  13. Philippines (4.0 units)

Source: IndexBox Market Intelligence Platform

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