Australia: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Australia

After two years of growth, the Australian diesel-electric and other locomotive market decreased by -33.7% to $X in 2022. Overall, consumption recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel-Electric and Other Locomotives in Australia

In value terms, diesel-electric and other locomotive production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3,603,356,500%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Australia

In 2022, after two years of decline, there was significant decline in overseas shipments of diesel-electric and other locomotives, when their volume decreased by -50% to X units. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 127%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diesel-electric and other locomotive exports dropped sharply to $X in 2022. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 2,111% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X units) and the UK (X units) were the main destinations of diesel-electric and other locomotive exports from Australia.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of 0.0%).

In value terms, the largest markets for diesel-electric and other locomotive exported from Australia were Fiji ($X) and the UK ($X).

In terms of the main countries of destination, the UK, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, rising by 4.5% against the previous year. Over the period under review, the export price, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2021 an increase of 2,111% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to the UK stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Diesel-Electric and Other Locomotives

Imports into Australia

Diesel-electric and other locomotive imports into Australia fell significantly to X units in 2022, dropping by -33.3% compared with 2021. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 186% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, diesel-electric and other locomotive imports shrank rapidly to $X in 2022. In general, imports saw a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 371%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest diesel-electric and other locomotive supplier to Australia, accounting for a 70% share of total imports. Moreover, diesel-electric and other locomotive imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by South Africa (X units), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.6% per year) and South Africa (-6.7% per year).

In value terms, the United States ($X) constituted the largest supplier of diesel-electric and other locomotives to Australia, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by South Africa, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.1% per year) and South Africa (+9.3% per year).

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, declining by -10.2% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 65%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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