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Norway - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Electric Locomotive Market Overview 2021

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Electric Locomotive Market Size in Norway

In 2020, the Norwegian electric locomotive market increased by X% to $X, rising for the third consecutive year after five years of decline. In general, consumption posted a significant expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Electric locomotive consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Electric Locomotive Production in Norway

In value terms, electric locomotive production reduced markedly to $X in 2020 estimated in export prices. Overall, production posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Electric locomotive production peaked at $X in 2019, and then contracted notably in the following year.

Electric Locomotive Exports

Exports from Norway

In 2020, overseas shipments of electric locomotives decreased by -X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at X units in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, electric locomotive exports dropped notably to $X in 2020. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Denmark (X units) and Sweden (X units) were the main destinations of electric locomotive exports from Norway.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark.

In value terms, Sweden ($X) remains the key foreign market for electric locomotive exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Sweden amounted to -X%.

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2020, which is down by -X% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2019, and then dropped significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Sweden ($X per unit), while the average price for exports to Denmark totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden.

Electric Locomotive Imports

Imports into Norway

In 2020, purchases abroad of electric locomotives increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports enjoyed modest growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, electric locomotive imports skyrocketed to $X in 2020. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2011 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Sweden (X units) constituted the largest electric locomotive supplier to Norway, with a X% share of total imports. Moreover, electric locomotive imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was occupied by the Netherlands (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Sweden totaled +X%. 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, Sweden ($X) constituted the largest supplier of electric locomotive to Norway, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Sweden stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

In 2020, the average electric locomotive import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price showed a measured expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?
+
The countries with the highest volumes of electric locomotive consumption in 2020 were Nigeria (98K units), Singapore (74K units) and Saudi Arabia (37K units), with a combined 78% share of global consumption.
What are the largest producers of electric locomotives in the world?
+
The countries with the highest volumes of electric locomotive production in 2020 were Germany (14K units), Japan (9.9K units) and France (6K units), together comprising 65% of global production. India, China, Sweden, Nigeria and South Korea lagged somewhat behind, together accounting for a further 30%.
What are the leading suppliers of electric locomotives to Norway?
+
In value terms, Sweden ($8.7M) constituted the largest supplier of electric locomotive to Norway, comprising 81% of total imports. The second position in the ranking was occupied by Germany ($2M), with a 19% share of total imports. It was followed by the UK, with a 0% share.
What are the leading importers of electric locomotives from Norway?
+
In value terms, Sweden ($1.4M) remains the key foreign market for electric locomotive exports from Norway, comprising 99% of total exports. The second position in the ranking was occupied by Denmark ($720), with a 0% share of total exports.
What is the average export price for electric locomotives in Norway?
+
In 2020, the average electric locomotive export price amounted to $184,211 per unit, reducing by -28.7% against the previous year.
What is the average import price for electric locomotives in Norway?
+
The average electric locomotive import price stood at $265,456 per unit in 2020, growing by 2.1% against the previous year.

Product coverage:
• Prodcom 30201100 - Rail locomotives powered from an external source of electricity
• Prodcom 30201300 - Other rail locomotives, locomotive tenders

This report provides an in-depth analysis of the electric locomotive market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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