Southern Asia: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Southern Asia

The South Asian diesel-electric and other locomotive market expanded significantly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Diesel-Electric and Other Locomotives in Southern Asia

In value terms, diesel-electric and other locomotive production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports in Southern Asia

In 2022, diesel-electric and other locomotive exports in Southern Asia skyrocketed to X units, increasing by X% compared with 2021. Over the period under review, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, diesel-electric and other locomotive exports expanded significantly to $X in 2022. Overall, exports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka represented the major exporter of diesel-electric and other locomotives in Southern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by India (X units), committing a X% share of total exports.

Sri Lanka was also the fastest-growing in terms of the diesel-electric and other locomotives exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. While the share of Sri Lanka (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, the largest diesel-electric and other locomotive supplying countries in Southern Asia were Sri Lanka ($X) and India ($X).

Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 India ($X per unit), while Sri Lanka totaled $X per unit.

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

Imports of Diesel-Electric and Other Locomotives

Imports in Southern Asia

Diesel-electric and other locomotive imports surged to X units in 2022, picking up by X% compared with 2021 figures. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, diesel-electric and other locomotive imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X units) and India (X units) dominates imports structure, together making up X% of total imports. Sri Lanka (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%) and Pakistan (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest diesel-electric and other locomotive importing markets in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), together comprising X% of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price 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, diesel-electric and other locomotive import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform