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

Contents:

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

Price for Rail Locomotives; Powered by Electric Accumulators in India (CIF) - 2022

In 2022, the average import price for rail locomotives; powered by electric accumulatorses amounted to $103,059 per unit, growing by 55% against the previous year. In general, the import price recorded a remarkable increase. The growth pace was the most rapid in 2015 an increase of 447% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($160,209 per unit), while the price for the United States ($659 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for rail locomotives; powered by electric accumulatorses stood at $272 per unit in 2022, reducing by -67.4% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 361%. Over the period under review, the average export prices hit record highs at $2,152 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nepal.

From 2014 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +535.5% per year.

Imports of Rail Locomotives; Powered by Electric Accumulators in India

In 2022, imports of rail locomotives; powered by electric accumulatorses into India surged to 27 units, with an increase of 238% against the year before. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 411%. As a result, imports attained the peak of 46 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of rail locomotives; powered by electric accumulatorses skyrocketed to $2.8M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 445%. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Rail Locomotives; Powered by Electric Accumulators in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China86.91,7751062,332199.4%
Germany20686124929012.1%
Netherlands414971172160-27.2%
United States84.01260.50.7-79.7%
BulgariaN/A577N/AN/A0%
United KingdomN/AN/A3.5N/A0%
OthersN/A1.7N/AN/A0%
Total7914,3125322,78352.1%

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

  1. China (23.0 units)
  2. Germany (2.0 units)
  3. United States (1.0 units)
  4. Netherlands (1.0 units)

Exports of Rail Locomotives; Powered by Electric Accumulators in India

Exports of rail locomotives; powered by electric accumulatorses from India soared to 16 units in 2022, jumping by 220% on the year before. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,400% against the previous year. As a result, the exports attained the peak of 25 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of rail locomotives; powered by electric accumulatorses reached $4.4K in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 338%. As a result, the exports reached the peak of $4.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Rail Locomotives; Powered by Electric Accumulators in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nepal0.10.10.14.4253.0%
ZambiaN/AN/A0.6N/A0%
ItalyN/AN/A1.2N/A0%
Saudi ArabiaN/A4.42.4N/A-45.5%
Others0.9N/AN/AN/A0%
Total1.04.54.24.463.9%

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

  1. Nepal (16.0 units)

Source: IndexBox Market Intelligence Platform

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