Global Electric Locomotive Market Overview 2020

Electric Locomotive Market Size

The global electric locomotive market revenue amounted to $X in 2018, growing by X% against the previous year. Overall, electric locomotive consumption continues to indicate a measured increase. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. In that year, the global electric locomotive market attained its peak level of $X. From 2016 to 2018, the growth of the global electric locomotive market remained at a somewhat lower figure.

Electric Locomotive Production

In value terms, electric locomotive production stood at $X in 2018 estimated in export prices. In general, electric locomotive production continues to indicate a mild expansion. The pace of growth was the most pronounced in 2015 when production volume increased by X% against the previous year. In that year, global electric locomotive production attained its peak level of $X. From 2016 to 2018, global electric locomotive production growth failed to regain its momentum.

Production By Country

The countries with the highest volumes of electric locomotive production in 2018 were China (X units), China, Hong Kong SAR (X units) and the UK (X units), together accounting for X% of global production.

From 2007 to 2018, the most notable rate of growth in terms of electric locomotive production, amongst the main producing countries, was attained by China, Hong Kong SAR, while electric locomotive production for the other global leaders experienced more modest paces of growth.

Electric Locomotive Exports

Exports 2007-2018

In 2018, approx. X units of electric locomotives were exported worldwide; going up by X% against the previous year. In general, electric locomotive exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. In that year, global electric locomotive exports attained their peak of X units. From 2016 to 2018, the growth of global electric locomotive exports failed to regain its momentum.

In value terms, electric locomotive exports stood at $X in 2018. Over the period under review, the total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, electric locomotive exports decreased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, global electric locomotive exports reached their maximum at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

China, Hong Kong SAR (X units) and the UK (X units) represented roughly X% of total exports of electric locomotives in 2018. France (X units) held an X% share (based on tonnes) of total exports, which put it in second place, followed by Germany (X%), Brazil (X%) and China (X%). The following exporters - the Netherlands (X units), Democratic People's Republic of Korea (X units), Spain (X units), Japan (X units), Swaziland (X units) and Bahrain (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Swaziland (+X% per year), while exports for the other global leaders experienced more modest paces of growth.

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

In Germany, electric locomotive exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the average electric locomotive export price amounted to $X per unit, jumping by X% against the previous year. In general, the electric locomotive export price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for electric locomotives attained their peak figure at $X per unit in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Spain ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain (+X% per year), while the other global leaders experienced more modest paces of growth.

Electric Locomotive Imports

Imports 2007-2018

In 2018, the amount of electric locomotives imported worldwide stood at X units, lowering by -X% against the previous year. In general, electric locomotive imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, global electric locomotive imports attained their peak of X units. From 2012 to 2018, the growth of global electric locomotive imports remained at a lower figure.

In value terms, electric locomotive imports amounted to $X in 2018. In general, the total imports indicated a measured expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, global electric locomotive imports reached their maximum at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

India was the main importer of electric locomotives imported in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2018. Sudan (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and South Africa (X%). Slovakia (X units), Pakistan (X units), Belgium (X units), Ethiopia (X units), Zambia (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the electric locomotives imports, with a CAGR of +X% from 2007 to 2018. At the same time, Pakistan (+X%), Sudan (+X%), Belgium (+X%), Slovakia (+X%), South Africa (+X%), Zambia (+X%), Ethiopia (+X%) and the UK (+X%) displayed positive paces of growth. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. India (+X p.p.), Sudan (+X p.p.), South Africa (+X p.p.), Slovakia (+X p.p.), the UK (+X p.p.), Pakistan (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) constitutes the largest market for imported electric locomotives worldwide, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Ethiopia, with a X% share.

In Slovakia, electric locomotive imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Ethiopia (+X% per year).

Import Prices by Country

In 2018, the average electric locomotive import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the electric locomotive import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for electric locomotives reached their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per unit), while Sudan ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ethiopia (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform