Eastern Europe: Electric Rail Locomotive Market 2024

Electric Rail Locomotive Market Size in Eastern Europe

In 2023, the East European electric rail locomotive market increased by X% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption, however, continues to indicate a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Electric Rail Locomotive Production in Eastern Europe

In value terms, electric rail locomotive production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Electric Rail Locomotive Exports

Exports in Eastern Europe

In 2023, shipments abroad of electric rail locomotives increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, electric rail locomotive exports soared to $X in 2023. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X tons), Poland (X tons), Romania (X tons) and the Czech Republic (X tons) represented the main exporter of electric rail locomotives in Eastern Europe, comprising X% of total export. It was distantly followed by Slovakia (X tons), mixing up a X% share of total exports. Bulgaria (X tons) followed a long way behind the leaders.

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

In value terms, Russia ($X), Romania ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The export price in Eastern Europe stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

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 Romania ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Electric Rail Locomotive Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in purchases abroad of electric rail locomotives, which increased by X% to X tons in 2023. Overall, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, electric rail locomotive imports surged to $X in 2023. In general, imports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Estonia represented the key importer of electric rail locomotives in Eastern Europe, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Bulgaria (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Poland (X tons) and Romania (X tons). All these countries together took near X% share of total imports. The following importers - Russia (X tons) and Slovakia (X tons) - together made up X% of total imports.

Estonia was also the fastest-growing in terms of the electric rail locomotives imports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%), the Czech Republic (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, Poland (X%), Russia (X%) and Slovakia (X%) illustrated a downward trend over the same period. Estonia (X p.p.), Bulgaria (X p.p.), the Czech Republic (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Slovakia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Eastern Europe stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat 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 Poland ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform