Colombia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
Colombia: Electric Locomotive Market Overview 2020
Electric Locomotive Market Size in Colombia
The revenue of the electric locomotive market in Colombia amounted to $X in 2018, approximately equating the previous year. In general, electric locomotive consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Electric locomotive consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.
Electric Locomotive Production in Colombia
In value terms, electric locomotive production totaled $X in 2018 estimated in export prices. In general, electric locomotive production, however, continues to indicate a sharp drop. In that year, electric locomotive production attained its peak level of $X. From 2009 to 2018, electric locomotive production growth failed to regain its momentum.
Electric Locomotive Exports
Exports from Colombia
Electric locomotive exports from Colombia stood at X units in 2017, stabilizing at the previous year. Over the period under review, electric locomotive exports continue to indicate strong growth. Over the period under review, electric locomotive exports reached their peak figure in 2017 and are expected to retain its growth in the near future.
In value terms, electric locomotive exports amounted to $X in 2017. Overall, electric locomotive exports continue to indicate a precipitous curtailment. Over the period under review, electric locomotive exports attained their peak figure at $X in 2008; however, from 2009 to 2017, exports stood at a somewhat lower figure.
Electric Locomotive Imports
Imports into Colombia
In 2018, the amount of electric locomotives imported into Colombia totaled X units, going down by -X% against the previous year. Over the period under review, electric locomotive imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2011; however, from 2012 to 2018, imports failed to regain their momentum.
In value terms, electric locomotive imports stood at $X in 2018. In general, electric locomotive imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.
Imports by Country
In 2018, Peru (X units) constituted the largest electric locomotive supplier to Colombia, accounting for a X% share of total imports. Moreover, electric locomotive imports from Peru exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold.
From 2007 to 2018, the average annual growth rate of volume from Peru stood at -X%.
In value terms, Spain ($X) and Peru ($X) were the largest electric locomotive suppliers to Colombia, with a combined X% share of total imports.
Among the main suppliers, Peru recorded the highest rates of growth with regard to imports, over the last eleven-year period.
Import Prices by Country
In 2018, the average electric locomotive import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the electric locomotive import price continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. In that year, the average import prices for electric locomotives attained their peak level and is likely to continue its growth in the immediate term.
Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per unit), while the price for Peru totaled $X per unit.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the electric locomotive market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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