Price for Rail Locomotives; Powered by Electric Accumulators in Vietnam - 2022

Contents:

  1. Price for Rail Locomotives; Powered by Electric Accumulators in Vietnam (CIF) - 2022
  2. Imports of Rail Locomotives; Powered by Electric Accumulators in Vietnam

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

In 2022, the average import price for rail locomotives; powered by electric accumulatorses amounted to $161,767 per unit, rising by 6.6% against the previous year. In general, the import price showed a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.2% per year.

Imports of Rail Locomotives; Powered by Electric Accumulators in Vietnam

In 2022, after three years of growth, there was significant decline in supplies from abroad of rail locomotives; powered by electric accumulatorses, when their volume decreased by -40% to 6 units. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2020 when imports increased by 80%. Over the period under review, imports of hit record highs at 10 units in 2021, and then plummeted in the following year.

In value terms, imports of rail locomotives; powered by electric accumulatorses plummeted to $971K in 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Imports peaked at $1.5M in 2021, and then contracted sharply in the following year.

Import of Rail Locomotives; Powered by Electric Accumulators in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.81.11.51.07.7%
OthersN/AN/AN/AN/A0%
Total0.81.11.51.07.7%

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

  1. China (6.0 units)

Source: IndexBox Market Intelligence Platform

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