Asia: Electric Rail Locomotive Market 2024

Electric Rail Locomotive Market Size in Asia

In 2023, the Asian electric rail locomotive market increased by X% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Electric Rail Locomotive Production in Asia

In value terms, electric rail locomotive production amounted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

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Electric Rail Locomotive Exports

Exports in Asia

In 2023, shipments abroad of electric rail locomotives decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, electric rail locomotive exports declined markedly to $X in 2023. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China was the main exporting country with an export of about X tons, which finished at X% of total exports. South Korea (X tons) held the second position in the ranking, followed by Kazakhstan (X tons) and Japan (X tons). All these countries together held near X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Japan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the export price figures.

Electric Rail Locomotive Imports

Imports in Asia

After two years of growth, purchases abroad of electric rail locomotives decreased by X% to X tons in 2023. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, electric rail locomotive imports shrank to $X in 2023. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Uzbekistan (X tons), distantly followed by Azerbaijan (X tons), Israel (X tons), Indonesia (X tons), Bangladesh (X tons), Hong Kong SAR (X tons) and Kazakhstan (X tons) represented the largest importers of electric rail locomotives, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Azerbaijan ($X) and Uzbekistan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric rail locomotive import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform