Belarus: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Belarus

In 2022, the Belarusian diesel-electric and other locomotive market decreased by -29.5% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption saw a sharp descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Diesel-Electric and Other Locomotives in Belarus

In value terms, diesel-electric and other locomotive production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 7% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Belarus

Diesel-electric and other locomotive exports from Belarus fell notably to X units in 2022, waning by -25% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 67% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive exports dropped remarkably to $X in 2022. In general, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 232%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Russia (X units) and Ukraine (X units) were the main destinations of diesel-electric and other locomotive exports from Belarus. Moreover, diesel-electric and other locomotive exports in Russia exceeded the figures recorded by the second-largest exporter, Ukraine, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of 0.0%).

In value terms, the largest markets for diesel-electric and other locomotive exported from Belarus were Russia ($X) and Ukraine ($X).

Ukraine, with a CAGR of +1.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, falling by -13.2% against the previous year. Over the period under review, the export price showed a slight decrease. The growth pace was the most rapid in 2021 an increase of 232%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the 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 Ukraine ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+1.7%).

Imports of Diesel-Electric and Other Locomotives

Imports into Belarus

In 2022, overseas purchases of diesel-electric and other locomotives decreased by 0% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports reduced to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 201%. 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

Russia (X units) and Ukraine (X units) were the main suppliers of diesel-electric and other locomotive imports to Belarus. Moreover, diesel-electric and other locomotive imports in Russia exceeded the figures recorded by the second-largest supplier, Ukraine, twofold.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of -14.9%).

In value terms, Russia ($X) constituted the largest supplier of diesel-electric and other locomotives to Belarus, comprising 100% of total imports. The second position in the ranking was held by Ukraine ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -15.4%.

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, reducing by -4.4% against the previous year. In general, the import price, however, showed temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 246% against the previous year. The import price peaked at $X per unit in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Ukraine stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+418.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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