Eastern Asia: Diesel-Electric Locomotive Market 2024

Diesel-Electric Locomotive Market Size in Eastern Asia

The East Asian diesel-electric locomotive market reduced remarkably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, posted moderate growth. The level of consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Diesel-Electric Locomotive Production in Eastern Asia

In value terms, diesel-electric locomotive production declined to $X in 2022 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Diesel-Electric Locomotive Exports

Exports in Eastern Asia

In 2022, exports of diesel-electric locomotives in Eastern Asia skyrocketed to X units, jumping by X% compared with the previous year's figure. Over the period under review, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, diesel-electric locomotive exports skyrocketed to $X in 2022. In general, exports saw temperate growth. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by South Korea (X units), generating an X% share of total exports. Japan (X units) took a minor share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Korea and Japan increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest diesel-electric locomotive supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

In China, diesel-electric locomotive exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X,216 per unit, rising by X% against the previous year. Overall, the export price showed prominent growth. Over the period under review, the export prices attained the peak figure at $X,752 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X,450 per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Diesel-Electric Locomotive Imports

Imports in Eastern Asia

In 2022, purchases abroad of diesel-electric locomotives increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports showed a measured increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, diesel-electric locomotive imports declined rapidly to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China was the key importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Hong Kong SAR (X units), Japan (X units), Democratic People's Republic of Korea (X units), South Korea (X units) and Taiwan (Chinese) (X units), together mixing up a X% share of total imports.

China was also the fastest-growing in terms of the diesel-electric locomotives imports, with a CAGR of X% from 2012 to 2022. Japan and South Korea experienced a relatively flat trend pattern. Democratic People's Republic of Korea (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), South Korea (X p.p.), Democratic People's Republic of Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, the largest diesel-electric locomotive importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X,326 per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X,192 per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform