Brazil: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Brazil

The Brazilian diesel-electric and other locomotive market dropped rapidly to $X in 2022, which is down by -32.5% against the previous year. Over the period under review, consumption showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Diesel-Electric and Other Locomotives in Brazil

In value terms, diesel-electric and other locomotive production fell sharply to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,842,796,700%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Brazil

For the third consecutive year, Brazil recorded decline in overseas shipments of diesel-electric and other locomotives, which decreased by 0% to X units in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 213% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports dropped markedly to $X in 2022. In general, exports showed a significant decrease. The growth pace was the most rapid in 2015 when exports increased by 16,021%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units), Colombia (X units) and Chile (X units) were the main destinations of diesel-electric and other locomotive exports from Brazil, together comprising 75% of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Argentina ($X) were the largest markets for diesel-electric and other locomotive exported from Brazil worldwide, with a combined 97% share of total exports.

Chile, with a CAGR of +28.7%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, falling by -44% against the previous year. In general, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 9,112%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Mozambique ($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 Chile (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel-Electric and Other Locomotives

Imports into Brazil

In 2022, overseas purchases of diesel-electric and other locomotives decreased by -20% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 150% against the previous year. Over the period under review, imports hit record highs 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 shrank to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 150% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of diesel-electric and other locomotive imports to Brazil.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +7.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of diesel-electric and other locomotives to Brazil, comprising 98% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.1% per year) and Italy (-1.0% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, surging by 10% against the previous year. In general, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2020 an increase of 150% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Italy ($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 Korea (+522.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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