China: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in China

The Chinese electric rail locomotive market totaled $X in 2022, leveling off at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Electric Rail Locomotive Production in China

In value terms, electric rail locomotive production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 0.8%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Electric Rail Locomotive Exports

Exports from China

In 2022, after two years of growth, there was significant decline in overseas shipments of electric rail locomotives, when their volume decreased by -5.6% to X units. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 5,497% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electric rail locomotive exports reduced to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 410%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for electric rail locomotive exports from China, with a 57% share of total exports. Moreover, electric rail locomotive exports to Indonesia exceeded the volume sent to the second major destination, India (X units), fivefold. The third position in this ranking was taken by Uzbekistan (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +50.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+18.6% per year) and Uzbekistan (-1.5% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for electric rail locomotives exports from China, comprising 43% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total exports. It was followed by Vietnam, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+66.9% per year) and Vietnam (+24.1% per year).

Export Prices by Country

The average electric rail locomotive export price stood at $X per unit in 2022, dropping by -8.1% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11,454%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Uzbekistan ($X per unit), while the average price for exports to Kyrgyzstan ($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 Vietnam (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rail Locomotive Imports

Imports into China

In 2022, after two years of growth, there was decline in overseas purchases of electric rail locomotives, when their volume decreased by 0% to X units. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 3,200% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, electric rail locomotive imports expanded markedly to $X in 2022. Over the period under review, imports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 3,345%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) was the main electric rail locomotive supplier to China, with a approx. 100% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from Japan was relatively modest.

In value terms, Japan ($X) constituted the largest supplier of electric rail locomotives to China.

From 2015 to 2021, the average annual growth rate of value from Japan was relatively modest.

Import Prices by Country

In 2021, the average electric rail locomotive import price amounted to $X per unit, falling by -61.1% against the previous year. In general, the import price continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2016 an increase of 73% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2015 to 2021, the rate of growth in terms of prices for Germany amounted to -70.3% per year.

Source: IndexBox Platform

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