Philippines - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Philippines: Electric Locomotive Market Overview 2020
Electric Locomotive Market Size in the Philippines
The revenue of the electric locomotive market in the Philippines amounted to $X in 2018, stabilizing at the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Electric locomotive consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.
Electric Locomotive Production in the Philippines
In value terms, electric locomotive production stood at $X in 2018 estimated in export prices. Overall, electric locomotive production, however, continues to indicate a relatively flat trend pattern. Over the period under review, electric locomotive production reached its peak figure level at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.
Electric Locomotive Imports
Imports into the Philippines
In 2018, the amount of electric locomotives imported into the Philippines totaled X units, increasing by X% against the previous year. Over the period under review, electric locomotive imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.
In value terms, electric locomotive imports stood at $X in 2018. In general, electric locomotive imports continue to indicate an abrupt slump. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, electric locomotive imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the electric locomotive market in the Philippines. 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.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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