Iceland: Diesel Locomotive Market 2020

Diesel Locomotive Market Size in Iceland

The revenue of the diesel locomotive market in Iceland amounted to $X in 2018, surging by X% against the previous year. In general, diesel locomotive consumption, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the diesel locomotive market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Diesel Locomotive Production in Iceland

In value terms, diesel locomotive production amounted to $X in 2018 estimated in export prices. Overall, diesel locomotive production continues to indicate prominent growth. The growth pace was the most rapid in 2009 when production volume increased by X% against the previous year. Over the period under review, diesel locomotive production attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Diesel Locomotive Exports

Exports from Iceland

In 2018, approx. X units of diesel and diesel-electric locomotives were exported from Iceland; approximately reflecting the previous year. In general, diesel locomotive exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. In that year, diesel locomotive exports attained their peak of X units. From 2009 to 2018, the growth of diesel locomotive exports remained at a somewhat lower figure.

In value terms, diesel locomotive exports totaled $X in 2018. Over the period under review, diesel locomotive exports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Iceland exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Italy dominates diesel locomotive exports structure, resulting at X units, which was near X% of total exports in 2018. The following exporters - India (X units) and New Zealand (X units) - each accounted for a X% share of total exports.

Italy was also the fastest-growing in terms of the diesel and diesel-electric locomotives exports, with a CAGR of +X% from 2007 to 2018. At the same time, New Zealand (+X%) and India (+X%) displayed positive paces of growth. Italy (+X p.p.), India (+X p.p.) and New Zealand (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diesel locomotive markets from Iceland were India ($X), Italy ($X) and New Zealand ($X), with a combined X% share of total exports. These countries were followed by Iceland, which accounted for a further X the main exporting countries, Iceland experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diesel locomotive export price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the diesel locomotive export price continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. Iceland export price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was India ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced a decline in the export price figures.

Diesel Locomotive Imports

Imports into Iceland

In 2018, approx. X units of diesel and diesel-electric locomotives were imported into Iceland; approximately equating the previous year. Over the period under review, diesel locomotive imports continue to indicate a relatively flat trend pattern. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, diesel locomotive imports stood at $X in 2018. Over the period under review, diesel locomotive imports continue to indicate a precipitous reduction. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, diesel locomotive imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The UK (X units) and South Africa (X units) represented roughly X% of total imports of diesel and diesel-electric locomotives in 2018. Mozambique (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Australia (X%) and Bahrain (X%). Saudi Arabia (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest diesel locomotive importing markets into Iceland were Australia ($X), Saudi Arabia ($X) and the UK ($X), with a combined X% share of total imports.

Among the main importing countries, Saudi Arabia (+X% per year) experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2018, the diesel locomotive import price in Iceland amounted to $X per unit, standing approx. at the previous year. Overall, the diesel locomotive import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for diesel and diesel-electric locomotives attained their peak figure at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform