Price for Rail Locomotives; Powered by Electric Accumulators in Singapore - 2022
Contents:
- Price for Rail Locomotives; Powered by Electric Accumulators in Singapore (CIF) - 2022
- Price for Rail Locomotives; Powered by Electric Accumulators in Singapore (FOB) - 2022
- Imports of Rail Locomotives; Powered by Electric Accumulators in Singapore
- Exports of Rail Locomotives; Powered by Electric Accumulators in Singapore
Price for Rail Locomotives; Powered by Electric Accumulators in Singapore (CIF) - 2022
In 2022, the average import price for rail locomotives; powered by electric accumulatorses amounted to $1,884,359 per unit, rising by 109% against the previous year. Overall, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,644,484 per unit), while the price for Malaysia ($1,559 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+662.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rail Locomotives; Powered by Electric Accumulators in Singapore (FOB) - 2022
The average export price for rail locomotives; powered by electric accumulatorses stood at $15,841 per unit in 2022, rising by 45% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,148%. As a result, the export price attained the peak level of $16,934 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($31,673 per unit), while the average price for exports to the United States stood at $9 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.0%).
Imports of Rail Locomotives; Powered by Electric Accumulators in Singapore
Imports of rail locomotives; powered by electric accumulatorses into Singapore fell notably to 69 units in 2022, waning by -40.5% compared with the previous year's figure. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,833% against the previous year. As a result, imports reached the peak of 116 units, and then declined notably in the following year.
In value terms, imports of rail locomotives; powered by electric accumulatorses skyrocketed to $130M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,530% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Rail Locomotives; Powered by Electric Accumulators in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.4 | 3.1 | 13.0 | 123 | 104.4% |
| Spain | N/A | N/A | 91.5 | 6.6 | -92.8% |
| Japan | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | N/A | 0.7 | N/A | N/A | 0% |
| Total | 14.6 | 4.0 | 105 | 130 | 107.3% |
Top Suppliers of Rail Locomotives; Powered by Electric Accumulators to Singapore in 2022:
- China (67.0 units)
- Spain (1.0 units)
Exports of Rail Locomotives; Powered by Electric Accumulators in Singapore
After two years of growth, overseas shipments of rail locomotives; powered by electric accumulatorses decreased by -66.7% to 2 units in 2022. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 6 units, and then reduced markedly in the following year.
In value terms, exports of rail locomotives; powered by electric accumulatorses contracted markedly to $32K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 699%. As a result, the exports attained the peak of $65K, and then dropped remarkably in the following year.
| Export of Rail Locomotives; Powered by Electric Accumulators in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| South Korea | 1.8 | 9.2 | 31.7 | 319.7% | |
| China | 6.0 | 41.8 | N/A | 596.7% | |
| Malaysia | 0.3 | 14.4 | N/A | 4700.0% | |
| United States | N/A | N/A | N/A | 0% | |
| Indonesia | N/A | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 8.2 | 65.4 | 31.7 | 96.6% | |
Top Export Markets for Rail Locomotives; Powered by Electric Accumulators from Singapore in 2022:
- United States (1.0 units)
- South Korea (1.0 units)
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This report provides an in-depth analysis of the electric rail locomotive market in Singapore.
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This report provides an in-depth analysis of the global electric locomotive market.
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