Serbia: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Serbia

In 2022, the Serbian diesel-electric and other locomotive market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a significant expansion. Diesel-electric and other locomotive consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in Serbia

In value terms, diesel-electric and other locomotive production stood at $X in 2022 estimated in export price. Overall, production recorded a sharp reduction. The growth pace was the most rapid in 2019 when the production volume decreased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Serbia

In 2022, the amount of diesel-electric and other locomotives exported from Serbia dropped notably to X units, declining by X% against 2021. Over the period under review, exports recorded a perceptible slump. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted remarkably in the following year.

In value terms, diesel-electric and other locomotive exports fell markedly to $X in 2022. Overall, exports, however, enjoyed strong growth. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Montenegro (X units) was the main destination for diesel-electric and other locomotive exports from Serbia, accounting for a X% share of total exports. Moreover, diesel-electric and other locomotive exports to Montenegro exceeded the volume sent to the second major destination, Slovenia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Montenegro amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Croatia (X% per year).

In value terms, the largest markets for diesel-electric and other locomotive exported from Serbia were Slovenia ($X), Croatia ($X) and Montenegro ($X).

In terms of the main countries of destination, Croatia, with a CAGR of X%, recorded 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

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Montenegro ($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 Croatia (X%), while the prices for the other major destinations experienced a decline.

Imports of Diesel-Electric and Other Locomotives

Imports into Serbia

After two years of growth, supplies from abroad of diesel-electric and other locomotives decreased by X% to X units in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, diesel-electric and other locomotive imports shrank rapidly to $X in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of diesel-electric and other locomotive to Serbia, with a X% share of total imports. Moreover, diesel-electric and other locomotive imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), sixfold. Romania (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Romania (X% per year).

In value terms, Romania ($X) constituted the largest supplier of diesel-electric and other locomotives to Serbia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (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. Over the period under review, the import price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X,687 per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform