ASEAN: Market for Diesel-Electric and Other Locomotives 2025

Market Size for Diesel-Electric and Other Locomotives in ASEAN

The ASEAN diesel-electric and other locomotive market expanded rapidly to $X in 2022, surging by 13% against the previous year. Over the period under review, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Diesel-Electric and Other Locomotives in ASEAN

In value terms, diesel-electric and other locomotive production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 17%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports in ASEAN

In 2022, exports of diesel-electric and other locomotives in ASEAN fell markedly to X units, waning by -87.3% on the previous year's figure. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,347%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, diesel-electric and other locomotive exports shrank remarkably to $X in 2022. Overall, exports, however, showed prominent growth. The growth pace was the most rapid in 2018 when exports increased by 226% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

Malaysia was the major exporter of diesel-electric and other locomotives in ASEAN, with the volume of exports resulting at X units, which was approx. 67% of total exports in 2022. It was distantly followed by Singapore (X units), achieving a 33% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +4.1%).

In value terms, Malaysia ($X) remains the largest diesel-electric and other locomotive supplier in ASEAN, comprising 99% of total exports. The second position in the ranking was taken by Singapore ($X), with a 0.9% share of total exports.

In Malaysia, diesel-electric and other locomotive exports expanded at an average annual rate of +69.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by 532% against the previous year. In general, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+62.5%).

Imports of Diesel-Electric and Other Locomotives

Imports in ASEAN

In 2022, approx. X units of diesel-electric and other locomotives were imported in ASEAN; surging by 2.5% on 2021. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 2,601%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, diesel-electric and other locomotive imports declined dramatically to $X in 2022. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 483%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Lao People's Democratic Republic (X units) was the major importer of diesel-electric and other locomotives, comprising 63% of total imports. Thailand (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (7.9%) and Indonesia (4.7%). The following importers - Singapore (X units) and Vietnam (X units) - together made up 4.5% of total imports.

Lao People's Democratic Republic was also the fastest-growing in terms of the diesel-electric and other locomotives imports, with a CAGR of +61.6% from 2012 to 2022. At the same time, Thailand (+46.4%), the Philippines (+40.7%), Indonesia (+12.6%) and Vietnam (+2.7%) displayed positive paces of growth. By contrast, Singapore (-2.4%) illustrated a downward trend over the same period. Lao People's Democratic Republic (+58 p.p.), Thailand (+14 p.p.) and the Philippines (+5.5 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Vietnam and Singapore saw its share reduced by -8.9%, -10.7% and -31.7% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported diesel-electric and other locomotives in ASEAN, comprising 82% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.1% share of total imports. It was followed by Lao People's Democratic Republic, with a 5.4% share.

In Indonesia, diesel-electric and other locomotive imports expanded at an average annual rate of +40.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+9.8% per year) and Lao People's Democratic Republic (+62.0% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, dropping by -47.8% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by 2,082%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+37.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform