United Kingdom: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in the UK

After two years of growth, the UK diesel-electric and other locomotive market decreased by -61.6% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Diesel-Electric and Other Locomotives in the UK

In value terms, diesel-electric and other locomotive production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 31%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from the UK

In 2022, approx. X units of diesel-electric and other locomotives were exported from the UK; with a decrease of -5% on 2021. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 122%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports soared to $X in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 406%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Ireland (X units) and Germany (X units) were the main destinations of diesel-electric and other locomotive exports from the UK, together comprising 32% of total exports. France, Brunei Darussalam, Australia, China, Malaysia, the Czech Republic, Hong Kong SAR, Austria, Canada and Italy lagged somewhat behind, together accounting for a further 58%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Germany ($X) were the largest markets for diesel-electric and other locomotive exported from the UK worldwide, with a combined 44% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +360.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, with an increase of 132% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 418%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Malaysia ($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 Italy (+360.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into the UK

After two years of growth, supplies from abroad of diesel-electric and other locomotives decreased by -63% to X units in 2022. In general, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2016 when imports increased by 717%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports shrank significantly to $X in 2022. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2014 with an increase of 4,355% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of diesel-electric and other locomotive imports to the UK, together accounting for 47% of total imports. Moreover, diesel-electric and other locomotive imports in Italy exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +8.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of diesel-electric and other locomotives to the UK, comprising 68% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by France, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-90.1% per year) and France (+16.4% per year).

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, waning by -85.3% against the previous year. Over the period under review, the import price continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 3,107%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+56.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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