Canada: Electric Locomotive Market Overview 2021

Electric Locomotive Market Size in Canada

In 2020, the Canadian electric locomotive market was finally on the rise to reach $X for the first time since 2015, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Locomotive Production in Canada

In value terms, electric locomotive production amounted to $X in 2020 estimated in export prices. In general, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Electric Locomotive Exports

Exports from Canada

After seven years of growth, shipments abroad of electric locomotives decreased by -X% to X units in 2020. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Exports peaked at X units in 2019, and then reduced remarkably in the following year.

In value terms, electric locomotive exports dropped notably to $X in 2020. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Peru (X units) and the U.S. (X units) were the main destinations of electric locomotive exports from Canada.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S..

In value terms, the U.S. ($X) remains the key foreign market for electric locomotive exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at -X%.

Export Prices by Country

In 2020, the average electric locomotive export price amounted to $X per unit, reducing by -X% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per unit in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Peru stood at $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Electric Locomotive Imports

Imports into Canada

In 2020, overseas purchases of electric locomotives were finally on the rise to reach X units after three years of decline. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, electric locomotive imports surged to $X in 2020. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

The UK (X units), China (X units) and the U.S. (X units) were the main suppliers of electric locomotive imports to Canada, together accounting for X% of total imports. Moreover, electric locomotive imports in the UK exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S. (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of electric locomotive to Canada, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2020, falling by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?

+

The countries with the highest volumes of electric locomotive consumption in 2020 were Nigeria (98K units), Singapore (74K units) and Saudi Arabia (37K units), together comprising 78% of global consumption.

What are the largest producers of electric locomotives in the world?

+

The countries with the highest volumes of electric locomotive production in 2020 were Germany (14K units), Japan (9.9K units) and France (6K units), together accounting for 65% of global production. India, China, Sweden, Nigeria and South Korea lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of electric locomotives to Canada?

+

In value terms, the U.S. ($1.9M) constituted the largest supplier of electric locomotive to Canada, comprising 54% of total imports. The second position in the ranking was occupied by France ($92K), with a 2.6% share of total imports. It was followed by the UK, with a 0.3% share.

What are the leading importers of electric locomotives from Canada?

+

In value terms, the U.S. ($19K) remains the key foreign market for electric locomotive exports from Canada, comprising 75% of total exports. The second position in the ranking was occupied by Peru ($77), with a 0.3% share of total exports.

What is the average export price for electric locomotives in Canada?

+

In 2020, the average electric locomotive export price amounted to $24,731 per unit, shrinking by -7.2% against the previous year.

What is the average import price for electric locomotives in Canada?

+

In 2020, the average electric locomotive import price amounted to $72,727 per unit, shrinking by -30.2% against the previous year.