South-Eastern Asia: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in South-Eastern Asia

The Southeast Asian diesel-electric and other locomotive market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in South-Eastern Asia

In value terms, diesel-electric and other locomotive production expanded notably to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports in South-Eastern Asia

In 2022, the amount of diesel-electric and other locomotives exported in South-Eastern Asia amounted to X units, approximately equating 2021. Overall, exports saw a pronounced curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports soared to $X in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X units), followed by Singapore (X units) represented the largest exporters of diesel-electric and other locomotives, together creating X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%).

In value terms, the largest diesel-electric and other locomotive supplying countries in South-Eastern Asia were Singapore ($X) and Malaysia ($X).

Among the main exporting countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia amounted to $X per unit.

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

Imports of Diesel-Electric and Other Locomotives

Imports in South-Eastern Asia

In 2022, the amount of diesel-electric and other locomotives imported in South-Eastern Asia surged to X units, with an increase of X% against the previous year. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, diesel-electric and other locomotive imports reduced to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Thailand was the major importer of diesel-electric and other locomotives in South-Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Lao People's Democratic Republic (X units) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Vietnam (X%). The following importers - Indonesia (X units) and the Philippines (X units) - each recorded a X% share of total imports.

Thailand was also the fastest-growing in terms of the diesel-electric and other locomotives imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Lao People's Democratic Republic (X p.p.), Vietnam (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported diesel-electric and other locomotives in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Lao People's Democratic Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform