Ireland: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Ireland

After two years of growth, the Irish diesel-electric and other locomotive market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a abrupt curtailment. Diesel-electric and other locomotive consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel-Electric and Other Locomotives in Ireland

In value terms, diesel-electric and other locomotive production rose markedly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Diesel-Electric and Other Locomotives

Exports from Ireland

In 2022, overseas shipments of diesel-electric and other locomotives were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, diesel-electric and other locomotive exports surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of diesel-electric and other locomotive exports from Ireland, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Azerbaijan ($X) were the largest markets for diesel-electric and other locomotive exported from Ireland worldwide, with a combined X% share of total exports.

Among the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel-Electric and Other Locomotives

Imports into Ireland

In 2022, approx. X units of diesel-electric and other locomotives were imported into Ireland; rising by X% compared with the previous year. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) was the main diesel-electric and other locomotive supplier to Ireland, accounting for a X% share of total imports. Moreover, diesel-electric and other locomotive imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of diesel-electric and other locomotives to Ireland, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%).

Source: IndexBox Platform