Global Electric Locomotive Market Overview 2021

Electric Locomotive Market Size

The global electric locomotive market expanded markedly to $X in 2020, picking up by X% against the previous year. In general, consumption, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Global consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Electric Locomotive Production

In value terms, electric locomotive production soared to $X in 2020 estimated in export prices. In general, the total production indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of electric locomotive production in 2020 were Germany (X units), Japan (X units) and France (X units), together accounting for X% of global production. These countries were followed by India, China, Sweden, Nigeria and South Korea, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of electric locomotive production, amongst the key producing countries, was attained by Sweden (+X% per year), while electric locomotive production for the other global leaders experienced more modest paces of growth.

Electric Locomotive Exports

Exports

In 2020, after four years of decline, there was significant growth in shipments abroad of electric locomotives, when their volume increased by X% to X units. In general, exports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of X units. From 2016 to 2020, the growth of global exports remained at a somewhat lower figure.

In value terms, electric locomotive exports stood at $X in 2020. Overall, total exports indicated a slight increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, global exports attained the maximum at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

France was the main exporting country with an export of around X units, which amounted to X% of total exports. Germany (X units) ranks second in terms of the total exports with a X% share, followed by South Korea (X%). China (X units), Romania (X units), Austria (X units) and the UK (X units) occupied a little share of total exports.

France was also the fastest-growing in terms of the electric locomotives exports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%), China (+X%) and Germany (+X%) displayed positive paces of growth. By contrast, Romania (-X%), Austria (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of France (+X p.p.), Germany (+X p.p.), South Korea (+X p.p.) and China (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Austria (-X p.p.) and the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electric locomotive supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Germany totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, saw a moderate expansion. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while France ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Electric Locomotive Imports

Imports

In 2020, the amount of electric locomotives imported worldwide surged to X units, growing by X% on 2019. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, electric locomotive imports declined slightly to $X in 2020. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Global imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Nigeria (X units) and Singapore (X units) were the key importers of electric locomotivesacross the globe, together recording approx. X% of total imports. It was distantly followed by Saudi Arabia (X units), committing a X% share of total imports. Belgium (X units) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Singapore (+X% per year), while purchases for the other global leaders experienced mixed trends in the imports figures.

In value terms, the largest electric locomotive importing markets worldwide were Singapore ($X), Saudi Arabia ($X) and Nigeria ($X), together accounting for X% of global imports.

In terms of the main importing countries, Singapore recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the average electric locomotive import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Global import price peaked at $X per unit in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?

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The countries with the highest volumes of electric locomotive consumption in 2020 were Nigeria (98K units), Singapore (74K units) and Saudi Arabia (37K units), together accounting for 78% of global consumption.

What are the largest producers of electric locomotives in the world?

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The countries with the highest volumes of electric locomotive production in 2020 were Germany (14K units), Japan (9.9K units) and France (6K units), with a combined 65% share of global production. India, China, Sweden, Nigeria and South Korea lagged somewhat behind, together comprising a further 30%.

What are the leading exporters of electric locomotives in the world?

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In value terms, Germany ($510M) remains the largest electric locomotive supplier worldwide, comprising 63% of global exports. The second position in the ranking was occupied by China ($81M), with a 10% share of global exports. It was followed by South Korea, with a 9.2% share.

What are the leading importers of electric locomotives in the world?

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In value terms, Singapore ($168M), Saudi Arabia ($90M) and Nigeria ($2.1M) constituted the countries with the highest levels of imports in 2020, together comprising 24% of global imports.

What is the average export price for electric locomotives in the world?

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In 2020, the average electric locomotive export price amounted to $83,081 per unit, falling by -31.7% against the previous year.

What is the average import price for electric locomotives in the world?

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The average electric locomotive import price stood at $4,724 per unit in 2020, falling by -26.5% against the previous year.