Spain: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Spain

The Spanish diesel-electric and other locomotive market surged to $X in 2022, increasing by X% against the previous year. In general, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in Spain

In value terms, diesel-electric and other locomotive production rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Diesel-Electric and Other Locomotives

Exports from Spain

In 2022, shipments abroad of diesel-electric and other locomotives decreased by X% to X units, falling for the second consecutive year after three years of decline. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive exports stood at $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for diesel-electric and other locomotive exports from Spain, accounting for a X% share of total exports. Moreover, diesel-electric and other locomotive exports to Chile exceeded the volume sent to the second major destination, Germany (X units), twofold. Finland (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Finland (X% per year).

In value terms, Germany ($X) remains the key foreign market for diesel-electric and other locomotives exports from Spain, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Chile (X% per year).

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X,980 per unit), while the average price for exports to the UK ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into Spain

In 2022, approx. X units of diesel-electric and other locomotives were imported into Spain; with an increase of X% on 2021. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) was the main diesel-electric and other locomotive supplier to Spain, with a X% share of total imports. It was followed by Italy (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%.

In value terms, France ($X) constituted the largest supplier of diesel-electric and other locomotives to Spain, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled X%.

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X,096 per unit. From 2014 to 2022, the average 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 France ($X per unit), while the price for Italy amounted to $X per unit.

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

Source: IndexBox Platform