United Kingdom: Electric Locomotive Market 2025

Electric Locomotive Market Size in the UK

In 2021, the UK electric locomotive market decreased by -26.8% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a deep slump. Electric locomotive consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Locomotive Production in the UK

In value terms, electric locomotive production contracted modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1.4%. Electric locomotive production peaked at $X in 2020, and then reduced modestly in the following year.

Electric Locomotive Exports

Exports from the UK

In 2021, overseas shipments of electric locomotives increased by 887% to X units, rising for the third year in a row after two years of decline. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,244%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric locomotive exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Russia (X units) and Canada (X units) were the main destinations of electric locomotive exports from the UK, with a combined 94% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +62.0%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), the United States ($X) and Canada ($X) constituted the largest markets for electric locomotive exported from the UK worldwide, with a combined 76% share of total exports.

Egypt, with a CAGR of +99.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric locomotive export price amounted to $X per unit, surging by 81% against the previous year. Overall, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 586%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+445.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Locomotive Imports

Imports into the UK

In 2021, the amount of electric locomotives imported into the UK declined to X units, with a decrease of -7.1% compared with 2020. Overall, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2018 when imports increased by 45% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric locomotive imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 14,069% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) was the main electric locomotive supplier to the UK, with a 96% share of total imports. Moreover, electric locomotive imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -54.7%.

In value terms, Spain ($X) constituted the largest supplier of electric locomotives to the UK, comprising 100% of total imports. The second position in the ranking was held by China ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +96.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and the United States (-42.9% per year).

Import Prices by Country

In 2021, the average electric locomotive import price amounted to $X per unit, jumping by 1,913% against the previous year. In general, the import price showed significant growth. The growth pace was the most rapid in 2019 when the average import price increased by 92,011% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+332.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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