Latin America and the Caribbean: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Latin America and the Caribbean

In 2022, the Latin American diesel-electric and other locomotive market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Diesel-Electric and Other Locomotives in Latin America and the Caribbean

In value terms, diesel-electric and other locomotive production shrank to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Diesel-Electric and Other Locomotives

Exports in Latin America and the Caribbean

In 2022, the amount of diesel-electric and other locomotives exported in Latin America and the Caribbean contracted to X units, which is down by X% on the year before. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, diesel-electric and other locomotive exports declined to $X in 2022. Overall, exports showed a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador represented the major exporter of diesel-electric and other locomotives in Latin America and the Caribbean, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Costa Rica (X units) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%), Panama (X%), Peru (X%) and Uruguay (X%).

Ecuador was also the fastest-growing in terms of the diesel-electric and other locomotives exports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%) displayed positive paces of growth. Guatemala experienced a relatively flat trend pattern. By contrast, Peru (X%), Panama (X%) and Uruguay (X%) illustrated a downward trend over the same period. Ecuador (X p.p.), Uruguay (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total exports, while Guatemala, Peru and Panama saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Ecuador ($X), Costa Rica ($X) and Uruguay ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

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

Imports of Diesel-Electric and Other Locomotives

Imports in Latin America and the Caribbean

In 2022, overseas purchases of diesel-electric and other locomotives increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, diesel-electric and other locomotive imports totaled $X in 2022. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Chile (X units) was the main importer of diesel-electric and other locomotives, committing X% of total imports. Argentina (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%), Brazil (X%) and Colombia (X%). Barbados (X units), Panama (X units), Trinidad and Tobago (X units), Bolivia (X units), Belize (X units), Costa Rica (X units), Ecuador (X units) and El Salvador (X units) took a minor share of total imports.

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

In value terms, the largest diesel-electric and other locomotive importing markets in Latin America and the Caribbean were Argentina ($X), Chile ($X) and Mexico ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Latin America and the Caribbean stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Panama ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform